- Pi Network is unlocking over 231 million tokens in May 2025, which may put downward pressure on its price due to increased supply.
- However, strong app downloads, rumors of exchange listings, and a potential breakout suggest that Pi coin could rebound in the future.
Pi Network is at a pivotal moment, with over 231 million Pi coins scheduled for unlocking throughout May 2025. This substantial increase in supply could lead to significant market pressure, potentially driving the price lower in the short term. However, some bullish signs hint that Pi coin could experience a turnaround in the future, making it a subject of intense scrutiny for both investors and enthusiasts.
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What’s Happening with Pi Network?
From May 6, 2025, Pi Network began unlocking millions of its tokens every day. On the very first day, more than 10.5 million Pi tokens were released, worth approximately $5.87 million. In total, over 231 million tokens are expected to be unlocked in May, with another 222 million set for release in June. This amounts to more than 1.4 billion tokens hitting the market within the next year, which could drastically alter the supply-demand balance.
Pi coin currently trades at around $0.58, having dropped more than 80% from its all-time high. As more tokens enter circulation, there are concerns that early investors, who may be eager to cash out, will drive the price further down. Without a significant increase in demand to offset this increased supply, a price crash seems likely.
The Wyckoff Market Cycle: Accumulation or Decline?
Pi coin has been trading in a narrow price range since early April, suggesting it could be in the “accumulation” phase of the Wyckoff Market Cycle. During this phase, investors quietly build positions in anticipation of a potential breakout. Despite the ongoing unlocks, some market analysts believe this could be a signal that Pi coin is ready for a price surge once the right conditions arise.
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Glimmers of Hope: App Downloads and Potential Exchange Listings
Despite the challenges posed by the token unlocks, there are some positive signs for Pi Network. The app has reached 120 million downloads, which indicates strong user demand and engagement. Additionally, rumors about Pi’s potential listing on major exchanges, like Binance, are circulating. HTX (formerly Huobi) has already suggested a listing, and Pi has been spotted on test pages for Binance, though no official announcements have been made.
A Binance listing, if confirmed, would likely provide a significant boost in liquidity, attracting more buyers and potentially stabilizing the price.
Can Pi Coin Reach $1?
While some Pi pioneers have incredibly high expectations for the coin, with predictions suggesting it could hit $314,159, analysts caution that the path to such lofty heights is a long one. For now, overcoming the resistance level of $0.7932 is a crucial first step. If Pi can break through this level, it may eventually hit the $1 mark. However, given the current market conditions and ongoing unlocks, a short-term price increase remains uncertain.
The coming weeks are critical for Pi Network. While the unlocks may push the price down temporarily, the coin’s strong user base and potential exchange listings provide hope for future growth. Investors should keep a close eye on developments as they unfold, as Pi coin could either face a downturn or prove to be a long-term opportunity for growth.
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