Pi Network Drops 20% Amid Token Unlock Concerns

Pi Network, a prominent cryptocurrency project, has experienced a significant price decline over the weekend, dropping to $0.532, which marks a 20% decrease from last week’s high and a 56% drop from its May peak. This decline has pushed its market cap below $4 billion, despite several major updates announced on Pi Day 2. The Pi Core Team unveiled new features, including an AI initiative, upgrades to the Pi App Studio, and a new Ecosystem Directory Staking system that allows users to stake Pi to enhance app visibility. Other notable updates included integration with Onramper, a new Pi Wallet upgrade, and Node version 0.5.2 with improved security.

Despite these updates, the price of Pi failed to rally, primarily due to the absence of an exchange listing announcement. Concerns such as upcoming token unlocks and the project’s centralized control remain unresolved. Between late June and July 2025, approximately 276 million Pi tokens, representing about 3.7% of the circulating supply, are set to be unlocked. This will introduce over $215 million in sell pressure to the market. Historically, similar token unlocks have led to major price declines, ranging from 30% to 77%, and there is a strong possibility this pattern could repeat.

Currently, Pi lacks major exchange listings, enterprise partnerships, and fresh capital inflows, all of which are critical for price support and growth. With the absence of these factors, Pi is at risk of falling further or staying flat near its current lows. The next significant event is scheduled for December 28, 2025, which is still several months away. If no strong market catalyst emerges in the near term, then a strong rebound appears unlikely.

According to some analysts, Pi Network is set for a bullish second half of 2025. It may start around $1.20 in July and reach up to $2.80 by December. It may see a small dip in September before picking up again. Pi Network started the month around $0.70 and dropped steadily, hitting a low around $0.42 mid-month. Around June 24-26, the price surged near $0.66 before falling again. Currently, it is trading around $0.52, a level that has been tested multiple times and may act as short-term support. However, Pi Coin could be setting up for a bounce. It recently broke out of a bullish falling wedge pattern and is now retesting the breakout level. If momentum builds, the next target could be the key $1 mark.

Pi Network, a cryptocurrency project that has garnered significant attention, is facing delays in its public trading launch. This has led some investors to pivot towards other cryptocurrencies. The project's focus on building a utility economy rather than chasing short-term price gains has been a key aspect of its development strategy. This approach aims to create a sustainable ecosystem that can support long-term growth and adoption. Despite the delays and market volatility, Pi Network continues to make progress in its development. The project has seen a modest price increase, indicating that there is still interest and confidence in its long-term potential. As the ecosystem evolves, the focus remains on building a utility-driven economy that can attract more users and partners. This approach is expected to drive adoption and potentially lead to a higher valuation for Pi Coin in the future.

The current market conditions, including a global crypto correction, have affected the price of Pi Network and other major cryptocurrencies. However, the project's leadership remains committed to its vision of creating a decentralized and utility-driven ecosystem. As the development continues, investors and enthusiasts will be closely watching the progress and potential for Pi Network to reach new milestones, including the possibility of hitting $10 by December 28.