After Unlocking 212 Million Tokens, How is the Price Movement of Pi Network (PI)?

Jakarta, Pintu News – Pi Network (PI) is facing bearish pressure due to continued token releases until May 17, 2025. On-chain data shows that 212 million PI tokens will be added to the circulating supply in the next one month amid weak demand.

This release will increase the volatility of Pi Coin. But will the price plummet or soar? Let’s explore further!

Impact of 212 Million Token Release on Pi Network Price

Data from PiScan shows that 212 million Pi Network tokens, worth about $130 million at current prices, will join the circulating supply in the next 30 days. This means that there will be an average of 7 million PI tokens released each day until May 17. The impact of these token releases will likely be negative on Pi Network’s price.

This new token increases the supply of Pi Coin at a time of low demand. Therefore, PI may record a bearish trend or even consolidate within the current lowest price range if demand is not enough to absorb this supply.

However, Spock analysts on the X platform noted that based on PI’s current tokenomics, these tokens might prevent the price from plummeting despite the continued release. This analyst added that over 90% of addresses include accounts holding less than 100 PI tokens, indicating high interest from the retail market. If Pi Coin sees an increase in demand, this may also prevent the price from plummeting.

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Pi Network Price Prediction by the Whales

Despite the bullish forecast, 23 whale addresses hold over 12 million PI tokens, which is over 90% of the 13.2 million tokens currently available on the mainnet. This suggests that whale addresses could influence the price of this asset if they decide to sell, further highlighting Pi Network’s bearish price prediction.

Therefore, the release of these tokens will likely trigger a plunge in Pi Network’s price if demand fails to absorb the coins sold. Pi Coin will only surge if retail and whale traders increase buying activity.

Read also: China Rumored to Sell Bitcoin, BTC Price Predicted to Plummet to $40,000?

Technical Analysis of Pi Network

The Pi Network price is trading at $0.61 today with a small gain of 2% in 24 hours. This increase suggests that bullish momentum is building around this token, which could drive Pi Coin volatility over the weekend. On the two-hour price chart, the Pi Network price is showing signs of a possible trend reversal from an uptrend to a downtrend.

The downtrend will be confirmed if Pi Coin falls below the support at the $0.61 neckline. Meanwhile, the RSI is rising, indicating that buyers are starting to return to the market, which could support an uptrend for Pi Coin’s price. Traders should keep an eye out for an RSI crossover above 50 to confirm the change in market structure.

Given the upcoming release of 212 million PI tokens, Pi Network’s price may drop due to a surge in supply while demand remains low. Additionally, the two-hour price chart shows that bearish momentum is building around the token which could trigger a drop to $0.44.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Will Pi Network Price Crash or Rally After 212M Unlocks. Accessed on April 21, 2025
• Featured Image: Mudrex