Pi Network Price Drops 19% Amid Massive Token Unlock

The Pi Network (PI) has been experiencing a notable decline in its price, primarily driven by the massive token unlock currently underway. Between June 28 and July 15, 2025, over 337 million PI tokens are scheduled to be released into the market, with July 4 seeing the largest daily release of over 19 million PI, valued at approximately $10 million. This influx of tokens has led to increased selling pressure, as many holders rush to sell their newly unlocked tokens, resulting in an oversupply and downward pressure on the price. This unlock is significant as it is the largest until 2027, marking a pivotal month for Pi holders.

On-chain data reveals a concerning trend: large wallets, potentially linked to the Pi Core Team, have transferred millions of PI to exchanges like OKX and Gate.io. While official explanations for these movements are unclear, they suggest potential insider selling, which has triggered distrust and speculative exits by retail holders. Additionally, exchange inflows have spiked, further confirming increased sell-side liquidity. This, combined with the token unlock, is expected to keep the price restricted below the range.

Community sentiment has also taken a hit. Despite years of promises, Pi remains unlisted on major exchanges, limiting accessibility and investor confidence. Hype events like Pi2Day have failed to generate expected price rallies, and real-world use cases are still in early stages. The technical indicators also point towards a bearish continuation, with a risk of dropping below $0.4 if the bulls fail to defend the pivotal support. The historical chart of PI does not point towards a rebound shortly, and the price is stuck within a falling wedge, which could be very near the apex. The Bollinger bands are going parallel, hinting at a drop in volatility, while the RSI has bottomed out, suggesting a potential reversal soon. However, the momentum is weak, and if the Pi price breaks lower, it may visit the support levels around $0.35. On the other hand, the trend may remain under bearish influence until the PI price does not clear the resistance at $0.47.

Analysts predict that the price of Pi could reach $0.4625 today, but this forecast is subject to various market dynamics. One of the primary reasons for the recent price decline is the limited number of exchange listings available for Pi, which restricts the liquidity and accessibility of the token. Additionally, the upcoming unlocking of approximately 268 million tokens in July poses a significant risk of a large sell-off, which could further depress the price. The weak overall crypto market conditions also contribute to the downward pressure on Pi's price. The market capitalization ranking of Pi has also been volatile, dropping from 11th to 16th, highlighting the challenges faced by the Pi Network in maintaining its position among other cryptocurrencies. The volatility in rankings underscores the need for the Pi Core Team to implement strategies that can stabilize the token's value and attract more investors.

The broader economic landscape, particularly in the United States, is also influencing the crypto market. Key economic events, such as the Consumer Credit Report, FOMC Minutes, and Initial Jobless Claims, are closely watched by investors. A dovish tone from the Federal Reserve and high jobless claims could impact market sentiment and, consequently, the price of Pi. Despite these challenges, there are signs of recovery for the Pi Network. The project's technical team has been working on addressing network issues and improving the overall stability of the platform. These efforts are crucial for building investor confidence and ensuring the long-term viability of the Pi Network. In summary, the price of Pi is influenced by a combination of factors, including limited exchange listings, token unlocks, and broader market conditions. While the current outlook is challenging, the Pi Network's technical improvements and potential economic developments could provide opportunities for price recovery. Investors should closely monitor these factors and conduct thorough research before making any investment decisions.