Pi Network Price Drops to New Low Amid 124M Token Unlock – What’s Next for PI Coin?
The cryptocurrency world is no stranger to volatility, but the recent downtrend in Pi Network (PI) price has taken many investors by surprise. Once hailed as a game-changing project with a massive user base, Pi Network is now facing increasing pressure due to a sharp price decline, concerns over token unlocks, and lack of exchange listings.
As of now, the price of Pi has dipped to $0.7012, marking its lowest level since February 25 and a steep 76% decline from its all-time high. This fall has led to a massive $14 billion market cap wipeout, signaling a major shift in investor sentiment.
But what exactly is causing this fall? What role does the upcoming 124 million token unlock play? And is there still hope for a rebound?
In this in-depth blog post, we’ll break down the current state of Pi Network, analyze the reasons behind the price crash, look into the tokenomics, and assess what the future could hold for this once-hyped project.
Pi Network Price Crash: A Quick Snapshot
Before diving deeper, here’s a quick overview of Pi Network’s current status:
| Metric | Value |
|---|---|
| Current Price | $0.7012 |
| All-Time High | ~$3.00 (approx.) |
| % Drop from ATH | ~76% |
| Market Cap (Now) | $4.76 Billion |
| Market Cap (Peak) | Nearly $20 Billion |
| Upcoming Token Unlock | 124 Million (April 2025) |
| Total Supply Cap | 100 Billion PI |
| Circulating Supply | 6.7 Billion PI (to rise to 8.2B) |
| Max Supply in Next 12 Mos | 1.53 Billion Tokens |
The Real Reason Behind PI Coin’s Decline
While the broader crypto market has shown some signs of recovery in 2025, Pi Network is swimming against the tide. The reason? Token unlock anxiety and lack of real utility or exchange access.
1. 124 Million Tokens Unlocking in April
Pi Network is set to unlock 124 million tokens this month alone. And that’s just the beginning. According to PiScan, this trend will accelerate over the next three months, with 233 million tokens unlocking in July.
Over the next year, more than 1.53 billion tokens will enter the circulating supply. This means the current 6.7 billion supply will grow to 8.2 billion, pushing Pi closer to becoming one of the most inflationary cryptocurrencies in the market.
More tokens = more supply = price dilution.
Unless there’s equal demand, prices usually drop. That’s exactly what’s happening here.
2. No Burning Mechanism in Place
Projects like Ethereum, BNB, and Shiba Inu use token burning to offset inflation by sending some coins to a dead wallet. This helps balance supply and demand.
But Pi? So far, no official burning mechanism has been announced. There are rumors that Pi might burn tokens not moved to mainnet before the June deadline, or that ecosystem fees might be burned — but there’s no confirmation.
Until that happens, the flood of unlocked coins will likely continue putting downward pressure on the price.
Understanding Pi Network Tokenomics
Let’s break down Pi’s token economics to understand how supply and demand are affecting its market position.
Total Token Design:
- Max Supply: 100 Billion Pi
- Current Circulation: 6.7 Billion
- Expected in 12 Months: 8.2 Billion
- Tokens Unlocking Soon: 1.53 Billion
Pi’s original model was focused on mobile mining, allowing users to mine coins without heavy hardware. While this helped build a massive user base, it also led to an excessive supply.
Unless the project finds a way to control inflation, Pi risks being labeled as an unsustainable token, regardless of its huge community.
Technical Analysis: Is a Rebound Possible?
Despite the gloom, technical analysts have spotted a potential bullish signal in the charts.
The Falling Wedge Pattern
According to the 4-hour Pi chart, the token is forming a falling wedge pattern — a structure that often hints at an upcoming bullish reversal.
In technical analysis, a falling wedge usually signals decreasing momentum from sellers and possible entry by buyers if a breakout occurs.
- The price is still below the 50-period moving average, which indicates bearish pressure.
- However, with trend lines converging, there’s a possibility of a breakout in April, especially if positive news arrives — like a major exchange listing.
What to Watch:
- Support Level: $0.65
- Resistance Level: $1.00
- Breakout Confirmation: Close above $0.80 with volume
- Invalidation: Drop below $0.60
Pi’s Exchange Problem: No Major Listings Yet
One of the biggest disappointments for the Pi community is the lack of exchange listings. Despite its mainnet launch in February, no Tier-1 exchange (like Binance, Coinbase, or Kraken) has listed PI.
This has limited liquidity, reduced price discovery, and prevented real-world use.
Until Pi gets listed on a top crypto exchange, institutional investors and mainstream traders will continue to stay away. The result? Weak demand and price pressure.
Also read:- Pi Network BTCC Listing 2025: Will Pi Coin Reach $1 This April?
What Could Turn Things Around for Pi Network?
While things look bleak, Pi Network isn’t dead yet. There are a few events that could revive the project and spark investor interest:
1. Co-founder Nicolas Kokkalis’ X Space AMA
Pi Network’s co-founder is expected to host the first-ever X (Twitter) Space AMA, where he will:
- Share the official roadmap
- Address token burning concerns
- Possibly hint at exchange listings
- Announce ecosystem features
If he delivers strong, clear answers, it could rebuild community trust.
2. Mainnet Deadline in June
Tokens not moved to the mainnet before June 2025 may be burned or frozen. This could act as a supply shock, helping stabilize the price.
3. Exchange Listing
Even a listing on a mid-tier exchange could significantly boost trading volume and visibility.
Prospects for Long-Term Investors
Despite its challenges, Pi Network still holds a unique position in crypto because of its:
- Massive global community (millions of users)
- Mobile-first approach
- Active development
- High name recognition
If the team can implement strong tokenomics, enforce a burning strategy, and secure exchange listings, PI coin has a chance to recover and deliver value in the long term.
But in the current state, investors must tread carefully, especially with inflation risk looming large.
FAQs on Pi Network Price Crash & Token Unlocks
Q1: Why is Pi Network’s price crashing?
Ans: The main reasons are concerns over massive upcoming token unlocks, lack of exchange listings, and no burning mechanism to offset inflation.
Q2: What is the upcoming token unlock schedule?
Ans: Over 124 million tokens will unlock in April, and this will peak at 233 million in July. Over the next 12 months, 1.53 billion new tokens will enter circulation.
Q3: Is there a possibility that tokens will be burned?
Ans: There’s no official confirmation. However, the Pi team may burn inactive tokens not moved to the mainnet by June, or burn ecosystem fees in the future.
Q4: Is Pi Network listed on major exchanges?
Ans: No. As of April 2025, no Tier-1 crypto exchange like Binance, Coinbase, or Kraken has listed Pi Network.
Q5: Can Pi Network recover in 2025?
Ans: Recovery is possible, especially if:
- Exchange listings happen
- Burning mechanism is introduced
- Roadmap updates create positive sentiment
- Developers increase ecosystem utility
Final Thoughts: Should You Invest in Pi Network Now?
Pi Network’s sharp decline is a reality check for investors who expected instant gains. While the project’s potential and community strength are still intact, major red flags like unchecked inflation, no exchange presence, and uncertain tokenomics are weighing it down.
If you’re a long-term believer in the Pi vision, it might be worth waiting for clarity after June’s deadline and the co-founder’s AMA.
For short-term traders, however, risk remains high, and it’s better to watch from the sidelines unless a clear bullish breakout or exchange listing occurs.
The next few months will be make or break for Pi Network.
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