Pi Network Faces 4% Token Unlock Challenge in July

Pi Network is set to face a significant challenge in July with the release of over 300 million PI tokens, which constitutes more than 4% of its circulating supply. This large-scale token unlock, peaking at 19.4 million tokens on July 4, is the biggest in Pi’s history and could potentially impact its price trajectory. The token reserves on centralized exchanges have also surged, increasing by 40% from March to July, indicating substantial sell pressure from institutional investors.

Despite these challenges, there are reasons for cautious optimism. Pi Network has recently received backing from 137 Ventures, a prominent venture capital firm known for investing in high-growth companies. This endorsement has boosted the project’s credibility and signaled institutional confidence in its long-term potential. Additionally, recent backend upgrades have enabled the mainnet migration of over 500,000 users, enhancing the project’s infrastructure and paving the way for broader dApp adoption. These improvements support Pi’s growing ecosystem, which now includes tools like Pi App Studio and Directory Staking.

However, the immediate impact of the token unlock may overshadow these advancements. The sharp rise in circulating tokens and limited short-term demand drivers, particularly in the absence of major exchange listings, continue to weigh on investor sentiment. While the foundation is being strengthened, the market’s focus remains on liquidity and price resilience in the coming weeks.

Technically, Pi Network is currently trading in the $0.45 to $0.50 range, reflecting a 35% decline from its May high. The Relative Strength Index (RSI) hovers around 41, indicating weakening momentum and approaching oversold territory. The MACD has confirmed a bearish crossover, reinforcing the view that sellers are currently in control. Support levels sit at $0.40 and $0.35, with the latter being a critical threshold. On the upside, resistance lies at $0.53 and $0.60, and would need to be reclaimed to signal any meaningful bullish recovery.

Given the heavy token unlocks and rising exchange reserves, continued sell pressure remains the dominant risk. If this trend persists, a retest of the $0.35–$0.38 zone appears highly probable. In the short term, expect continued price pressure unless emergency liquidity or exchange listings occur. The large unlock and increasing exchange reserves threaten to overshadow positive fundamentals. However, for mid- to long-term holders, ecosystem developments such as Pi App Studio, identity infrastructure, and the integration of staking and dApps may support gradual recovery, provided they translate into real user activity and token demand.

For investors looking to diversify amid Pi’s turbulence, XYZVerse.io, a memecoin designed to merge sports betting, gamified staking, and social virality, is gaining momentum. Launched amid a bear market, XYZVerse quickly captured investor attention through a transparent, tiered presale structure that rewards early entry. As market sentiment shifted bullish, the project’s growth accelerated, with nearly $15M raised and a loyal community of over 21,000 followers on X and 12,000+ active Telegram members. The project’s strong engagement and transparency earned it the title of “Best New Meme Project” by CryptoNews, further validating its position in the next generation of meme-based crypto assets.

XYZVerse has also formed a strategic partnership with bookmaker.XYZ, integrating real-world sportsbook features directly into its ecosystem. This collaboration enables token holders to access exclusive betting perks, adding tangible utility and reinforcing the project’s unique bridge between crypto, entertainment, and sports culture. Key features include airdrops through the Ambassador Program, play-to-earn Telegram games, free betting perks, and a deflationary model with buybacks and token burns to support long-term value.

In conclusion, the July token unlock wave may test Pi Network’s price resilience. While its long-term fundamentals remain promising, short-term volatility could lead to further downside. Investors should monitor key levels and macro sentiment closely. Exploring well-positioned early-stage tokens like XYZVerse offers a strategic way to balance risk and capture potential upside, especially in a market environment increasingly shaped by narratives and community-driven growth.