Once a rising star in the crypto world, Pi Network is now under pressure as its token unlock schedule threatens to overwhelm market demand.
As trading interest fades and liquidity thins, the months ahead could be crucial for the project’s survival. Data from PiScan shows that between May and July, over 668 million Pi tokens are set to be unlocked—more than in any other period before September 2027. At the same time, Pi balances on centralized exchanges have soared past 387 million, indicating many holders may be preparing to sell. Bitget and OKX alone control more than 60% of those exchange-held tokens.
Yet, market activity is drying up. Daily trading volume has plunged 96% from its launch highs, falling from $1.3 billion to just $45 million, signaling a serious decline in buying interest at a time when supply is about to flood the market.
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Despite these warning signs, optimism lingers among Pi’s most devoted supporters. Unverified claims that Binance may list Pi soon have rekindled some enthusiasm, as has the anticipated appearance of founder Nicolas Kokkalis at Consensus 2025. Recent integrations with Chainlink and Telegram’s crypto wallet are also being viewed as steps toward broader utility.
For now, Pi trades quietly at $0.66, with traders cautiously watching whether fundamentals or hype will dictate its next move.
Alexander Stefanov
