- Pi Network is under pressure as its token trades near all-time lows and prepares for a 160 million PI unlock in August.
- Technical wallet issues have frustrated users, delaying fiat purchases and weakening investor confidence.
As Pi Network’s native token hovers dangerously near its all-time low of $0.40, the project is bracing for what may be its toughest month yet. With a massive token unlock on the horizon and unresolved wallet issues frustrating users, questions are growing about whether the cryptocurrency can maintain community trust and market relevance.
160 Million PI Tokens Set to Flood the Market
August’s token unlock will release 160 million PI tokens, accounting for about 2.1% of the total supply and drawing significant attention. This marks the largest monthly unlock until another major distribution planned for December. Historically, token unlocks often trigger price declines due to an oversupply in the market, and Pi Network is already trading near rock-bottom levels.
PI Network just crashed 75% but is the worst over?
From $1.67 highs to $0.40 lows, $PI holders have taken a hit.
Now, a massive 156M token unlock is coming in August pressure’s building.
The charts still flash red, but RSI says oversold.
If $0.40 holds, bulls might fight back. pic.twitter.com/kHdof01wSJ— Lisa manobal (@lisaManobal23) July 31, 2025
Having dropped more than 17% in July and over 84% from its February high of $2.80, PI now sits at about $0.40460. This downward trend leaves the token vulnerable to further selloffs, especially by early adopters who mined large amounts through the project’s mobile-based reward system.
Pi Network Wallet Glitches Undermine Investor Confidence
Compounding the pressure is the malfunction of Pi Network’s wallet “Buy” button. Designed to enable fiat purchases using Google Pay and credit cards, the feature has left many users charged without receiving tokens—particularly in Vietnam and surrounding regions.
Onramper and Banxa, the integration partners, acknowledged the problem and advised users not to transact until mid-August, when full functionality is expected. In response to the backlash, Pi Network introduced TransFi as a third fiat onramp. Still, investor sentiment remains fragile.
Survival Hinges on Trust and Tech Stability
Pi Network operates on a modified Stellar Consensus Protocol, emphasizing mobile accessibility and user-formed “Security Circles” for validation. While the concept attracted over 65 million users globally, critics have repeatedly questioned the project’s regulatory transparency and data practices.
Whether the platform can regain its footing depends on a timely resolution of wallet issues and how the market absorbs the August token unlock. For now, Pi’s future hangs in the balance as community faith is tested.
ALSO READ:Pi Network KYC Checklist and 2FA Guide for Mainnet Access
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.