Pi Network (PI) Price Falls Below $0.80 as Upcoming Token Unlocks Weigh on Sentiment

Pi Network's price has fallen below the $0.80 mark. The token dropped over 3% and traded at $0.79 according to recent data.

Pi Network’s token fell below the $0.80 mark on Saturday. The token dropped over 3% and traded at $0.79 according to recent data. During the past 24 hours, it hit a low of $0.77.

As of 07:09 ET (11:09 GMT), the Pi token dropped 3.36%. It reached a low point of $0.77, while trading volume increased by 33% to reach $327 million.

Rising Unlocks

A key factor driving the price down is the upcoming token unlocks. PiScan data shows that about 105.96 million Pi tokens will be unlocked over the next 30 days.

These tokens are worth around $85 million at present prices. The daily average unlock will be about 3.5 million coins.

Looking further ahead, the unlock schedule appears heavy. Approximately 1.6 billion Pi Coins will be unlocked over the next 12 months.

This will average to 129 million tokens per month. The unlock pattern is expected to continue until May 2028.

Community members have expressed concerns over the falling price and urged the Pi Core Team to implement measures to reduce circulation. This could involve burning mechanisms or new smart contract features.

They also noted a lack of clarity from the Pi Core Team and the absence of anticipated listings on major exchanges like Binance. Many investors hope for such listings to boost the token’s price.

Several market watchers shared their outlook on Pi’s price trajectory. Analyst bullstraders7 on TradingView warned that the price could fall to $0.61 or even $0.60 soon.

However, not all analysts share this bearish view. Expert Coinvo identified positive technical signals in the market.

He pointed to “Pi RSI divergence” as a “massive buy signal.” Coinvo also noted that the current “Fibonacci zone” could push the token to new highs.

Another crypto analyst, Moon Jeff, suggested that $0.60 might be the last major support level. Jeff remained optimistic about recovery, predicting a potential spike to $5 if prices bounce from that level.

Dr. Altcoin shared a similar bullish long-term outlook. He advised the community to “HODL and buy patience and Pi while it’s still available.”

He suggested that Pi could jump to $3.14 in the coming weeks or even reach $10 in the months ahead.

Pi Network’s market capitalization is approximately $5.47 billion, while its fully diluted valuation is around $8.42 billion.

These figures place Pi among the top cryptocurrencies by market value, highlighting the project’s scale despite recent price challenges.

Trading remains active with daily volume at $317.6 million, indicating ongoing interest in the token.