Pi Unlocks 276M Tokens as Price Rises 10% Despite Liquidity Challenges

Pi Network is marking a pivotal development with the unlocking of 276 million PI tokens this month, representing approximately 3.5% of the token's circulating supply. This follows a transition from a closed ecosystem to one that supports external integrations, unlocking capabilities such as cross-platform transactions, decentralized app deployment, and improved exchange utility [1]. Over 13 million users have since migrated their accounts to the mainnet, reflecting a growing base of active participants within the network [2].

The token unlock has reignited discussions about its potential impact on the price. Historically, large-scale unlocks have pressured prices, with one notable case seeing a 34% decline over two months. However, Pi's price has shown resilience, rising 10% in the past week [1]. Analysts attribute this strength to an increase in mobile mining participation and the platform’s mobile-first model, which has broadened its appeal and accessibility [2].

The platform has also taken steps to enhance its infrastructure, including the rollout of public nodes and stronger developer tools. These efforts are intended to support broader adoption and serve as a mobile-friendly entry point for new users in the cryptocurrency space [1]. Despite these strides, Pi still faces significant hurdles, including the absence of major exchange listings on platforms like Binance and Coinbase. While it is available on OKX and Bitget, the lack of access to top-tier exchanges limits both liquidity and mainstream adoption [1].

A major listing on a global exchange could serve as a decisive catalyst for Pi's growth, accelerating its transition from a community-driven experiment to a more recognized player in the crypto market. Until then, the project's future will depend on its ability to maintain user engagement, expand its utility, and sustain the momentum seen in recent weeks [2].

Source:

[1] Pi Network News: 276M Token Unlock, 13M Mainnet Users ... (https://coindoo.com/pi-network-news-276m-token-unlock-13m-mainnet-users-price-momentum-builds/)

[2] Alexander Zdravkov (https://coindoo.com/author/alexander-zdravkov/)