Pi Network Crashes Another 3% After 10 Million Tokens Flood the Market – Is This Just the Beginning?

Jakarta, Pintu News – Although the crypto market is showing signs of recovery, Pi Coin is still having a hard time. In the past month, the price of PI has dropped by 26% and is currently trading around $0.5847, down 3.9% in the past 24 hours.

This weak performance has shaken investor confidence, as Pi Coin has not shown strong signs of recovery. Pi Network’s negative -0.11 correlation to Bitcoin adds to the concerns, as PI prices tend to fall when Bitcoin rises.

Even as Bitcoin approaches the $100,000 mark and the overall market is rallying, Pi Coin is still at risk of further pressure.

Pi Network Price Drops 3.9% in 24 Hours

As of today, April 30, 2025, the price of Pi Network (PI) is recorded at $0.5847, a decrease of 3.9% in the last 24 hours. If converted to rupiah at the current rate, which is $1 = IDR 16,682, the price of Pi Network to rupiah is around IDR 9,677.

In the last 24 hours, the PI price moved within a range of $0.5685 to $0.6106, showing considerable volatility.

Read also: HTX ready to list Pi Network, Pi Coin to reach $5?

The 24-hour trading volume reached $129 million, signaling that there is still considerable market activity despite the price decline. The current market capitalization stands at $4.07 billion, with a total outstanding supply of around 6.97 billion PIs out of a total supply of 10.72 billion.

10 Million Tokens Have Been Unlocked

On April 29, 2025, Pi Network has unlocked 10.1 million PI tokens. And on April 30, a total of 11.22 million tokens are scheduled to be unlocked, becoming the largest release of the month. Throughout April, more than 100 million tokens have been unlocked, causing the price to drop 80% from its February peak of $2.98.

In May, the number of tokens unlocked is expected to nearly double to 197 million, potentially increasing selling pressure on Pi Network’s price.

Over the next year, a total of 1.56 billion PI tokens will be unlocked, averaging about 134 million per month. The largest opening is scheduled for December 2027, totaling 432.3 million tokens. This may exacerbate price pressure if demand is unbalanced.

Analysts remain optimistic despite falling prices

Despite the massive token opening and price drop, analysts remain optimistic that the Pi Network (PI) price could reach $5, driven by ecosystem growth and improved market conditions.

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Some analysts predict PI could reach $3 by June, if market conditions are favorable. This depends on key developments, including rumors of token burning to reduce supply.

However, concerns about supply and the upcoming token opening could limit price gains.

Dr. Altcoin’s analysts expect the price of Pi Network could start rising in mid-May, especially during the Consensus Summit event on May 14-16, 2025.

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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:

• Coinpedia. Pi Coin Prediction: Price Drops 6% After 10 Million Tokens Unlocked Today. Accessed on April 30, 2025