PI网络在4月19日解锁活动之前面临重大价格压力

随着780万个PI硬币定于4月19日解锁，PI网络正在提高波动性。

The Pi Network is bracing for increased volatility with 7.8 million Pi coins set to be unlocked on April 19—part of a broader trend of daily token releases that has significantly impacted market dynamics.

PI网络正在支撑增加波动率，将于4月19日解锁780万个PI硬币，这是每日代币发行的更广泛趋势，这对市场动态产生了重大影响。

According to crypto market analyst Dr. Altcoin, most of these newly unlocked Pi tokens are heading straight to centralized exchanges, increasing the amount of liquid supply available to sellers.

根据加密市场分析师Altcoin博士的说法，这些新解锁的PI代币中的大多数都直接前往集中式交易所，从而增加了卖方可用的液体供应量。

Surging Supply, Weakening Demand

供应激增，需求削弱

According to Dr. Altcoin, about 6.8 million coins are unlocked each day, and most of them are immediately sold on exchanges, placing intense sell pressure on the market.

根据Altcoin博士的说法，每天约有680万枚硬币被解锁，大多数硬币立即在交易所中出售，在市场上施加了巨大的卖出压力。

This glut of supply has outstripped current market demand, leading to price declines and failed attempts at rallying.

这种供应的盛宴超出了当前的市场需求，导致价格下降和集会尝试失败。

“The market is simply unable to cope with the overwhelming sell-side pressure,” said Dr. Altcoin. “Until the unlock pressure eases, it’s going to be difficult for Pi to find any sustainable upward momentum.”

Altcoin博士说：“市场根本无法应付压倒性的卖方压力。” “直到解锁压力减轻，PI很难找到任何可持续的势头。”

However, there may be a sliver of hope on the horizon. Dr. Altcoin predicts that by late August 2025, the daily unlocking rate is expected to slow down significantly, potentially providing the much-needed respite for the market to stabilize and begin a gradual recovery.

但是，地平线可能会有一条希望。 Altcoin博士预测，到2025年8月下旬，预计每日解锁率将大大放缓，有可能为市场提供急需的喘息，以稳定并开始逐步恢复。

“If the unlock rate drops and buyer interest starts picking up again, perhaps Pi can begin laying the groundwork for long-term growth,” he added.

他补充说：“如果解锁利率下降，买方的利息开始再次提高，也许PI可以开始为长期增长奠定基础。”

According to data from Token Terminal, Pi Network has seen minimal activity in terms of on-chain development, which may be a concern for long-term adoption and ecosystem growth. Additionally, the majority of these unlocked tokens are expected to flow to spot exchanges, further pressuring the market in the short term.

根据Token终端的数据，PI网络在链开发方面的活动最少，这可能是长期采用和生态系统增长的关注。此外，这些解锁的代币中的大多数有望流向现场交流，从而在短期内进一步向市场施加了巨大压力。

Only time will tell if the Pi Network can successfully navigate this critical juncture and emerge with sustained price recovery and increased user engagement to match its vast user base.

只有时间才能确定PI网络是否可以成功地浏览这一关键关头，并随着价格恢复的持续恢复和增加的用户参与度而出现，以匹配其庞大的用户群。