Token Unlocking Volume Far Exceeds Market Demand, Pi Network Price Approaching Historical Low

According to data from Coingecko, as of the time of publication, the trading price of Pi Network (PI) is $0.685, close to its historical low of $0.6152 set on February 20, representing a decline of nearly 60% in the past month.

The continuous decline is closely related to the unlocking of PI tokens. Although Pi Network has a strong community, the monthly unlocking volume far exceeds market demand, significantly impacting the token’s value. Currently, Pi Network has unlocked 4.9 billion PI tokens, and in March, the project unlocked 188 million tokens for over 1.1 million users. An additional 1.54 billion tokens will continue to be released over the next 12 months. On average, the network unlocks approximately 133 million PI tokens each month, which means the market needs to absorb about $90 million of selling pressure monthly to support the price.