Pi Token Price Drops 85% as 3.7% Supply Unlock Looms Core Team Remains Bullish

Pi Token faces mounting pressure amid a surge in token supply, with its price dropping over 85% from a peak of $2.995 earlier this year to $0.4411 at press time [1]. Despite the sharp decline, the project’s core team remains bullish on its long-term potential, citing structural strengths and ecosystem growth as key drivers. However, analysts remain cautious, flagging immediate risks from token unlocks and volatility.

The recent price slump has drawn attention to a double-bottom pattern forming around the $0.4 support level, which the Pi team highlights as a potential turning point [1]. This technical signal suggests increased demand at the current price, though critics argue the pattern may not hold. Compounding the situation is an impending token unlock scheduled for July, which will release 276 million Pi tokens—equivalent to 3.7% of the circulating supply—potentially intensifying downward pressure [1]. Analysts warn this could drive the price down by 30%, exacerbating short-term uncertainty [1].

Technical analysts have further emphasized the fragility of Pi’s near-term outlook. A break below the $0.4 support level could trigger a cascade of selling, pushing the token toward $0.35 by August as mobile mining increases the supply of tradable tokens [1]. July’s price trajectory is expected to be highly volatile, with forecasts ranging between $0.31 and $0.45, reflecting divergent views on market sentiment and broader crypto trends [1].

In contrast to the short-term pessimism, the Pi core team maintains a long-term vision tied to ecosystem development rather than immediate price swings. It projects a bullish resurgence between 2026 and 2030, with the token trading between $0.55 and $3 as infrastructure and adoption mature [1]. The team’s confidence stems from Pi Network’s foundational achievements, including compliance-focused features such as strict KYC protocols, which analysts note as a differentiator in an industry often criticized for lax standards [1].

While the team’s optimism aligns with broader narratives positioning Pi as a player in the AI market—beyond its mobile mining origins—skepticism persists over transparency and exchange listings [1]. Analysts acknowledge the project’s compliance framework but stress that execution will determine its ability to convert long-term potential into tangible value.

The divergence between the core team’s strategic vision and immediate market challenges underscores Pi’s complex trajectory. As the July unlock looms, investors will closely watch whether technical resilience at $0.4 holds or succumbs to selling pressure. The token’s performance will also hinge on broader crypto market dynamics, with a $0.55–$3 range by 2026–2030 contingent on sustained infrastructure progress and regulatory clarity [1].

Source: [1] [Pi Token Under Pressure as Supply Rises, But Core Team Stays Confident] [https://coinedition.com/pi-token-under-pressure-as-supply-rises-but-core-team-stays-confident/]