Pi Network Sinks 3% on July 8 — Is a Bigger Crash Coming as 272 Million Coins Set to Hit the Market?

Jakarta, Pintu News – Pi Coin’s price is on the verge of a massive breakdown in the bearish trend if it loses a crucial support level.

One potential trigger of a possible Pi Network crash this month is the token unlock process, which is the largest until 2027.

The value of Pi Network was trading at $0.4565 as of July 7, down 72% from its highest level in May and well below its all-time high.

Then, how is Pi Network’s current price movement?

Pi Network Price Drops 3.1% in 24 Hours

On July 8, 2025, the price of Pi Network was recorded at $0.4543, having corrected 3.1% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,245), then 1 Pi Network is IDR 7,380.

Read also: Pi Network Price Prediction: Massive Sell-Off by Core Team Sparks Sharp Drop in Social Sentiment!

Within 24 hours, the price of PI had moved within the range of $0.4529 to $0.4702 in that period.

Despite the correction, Pi Network still holds 39th place in the global market cap ranking, with a market capitalization value of $3.47 billion. Trading volume over the past 24 hours has been quite active, touching $70.9 million.

Possible Pi Coin Crash Ahead of 272 Million Token Release

Pi Coin’s price is facing major risks this month that could potentially push its value down further in the next few months.

Data shows that the number of tokens in circulation will increase significantly this month as the network will unlock more than 272 million tokens that are currently worth more than $106 million.

This token unlock process occurs when Pi Foundation releases tokens to the market, increasing the number of tokens in circulation. This increase in circulating supply can have a negative impact on prices, especially when market demand is limited.

This month’s token unlock is in the spotlight as it is the largest until December 2027, when more than 432 million tokens will be released. Following this release, there will be monthly releases for three consecutive months, before resuming again in December, when over 472 million tokens will be released.

Most cryptocurrencies do conduct token unlocks periodically. However, Pi Network’s risk lies in the volume of tokens it plans to release in the next few years.

Data from CoinMarketCap shows that Pi has a maximum supply of 100 billion tokens, with a current circulating amount of 7.6 billion. This means that there are still 92.7 billion tokens to be released in the future.

This ongoing token unlock is likely the reason why Pi Coin’s price continues to be under pressure despite major developments.

For example, the network launched a $100 million ecosystem fund in May. In addition, it also launched the Pi Network AI Studio, which allows users to build AI applications more easily.

Read also: Pi Network Price Prediction if Listing on Binance and Coinbase: How High Can Pi Coin Go?

Technical Analysis of Pi Network Price

The daily timeframe chart shows that the price of Pi Coin has continued to be under pressure over the past two months as buyers are still waiting outside the market.

On the positive side, there are indications that the price has formed a double-bottom pattern at the $0.40 level with a neckline at $1.6466. This pattern suggests a possible rebound as long as the price remains above the double-bottom level.

Nevertheless, the Pi Network is still below its short- and medium-term moving averages, which is currently a significant area of resistance.

Therefore, a drop below the double-bottom pattern at $0.40 could signal a potential further drop to an all-time low of $0.0062 – down more than 90% from current levels.

Bearish predictions against Pi Network will become invalid if the token manages to break the key resistance at $0.6642, which is the highest swing high on June 25. A surge above that level could open up further upside opportunities, potentially towards $1.

Pi Network was launched with a lot of expectations, but its performance in terms of price has been quite disappointing as it continues to decline.

Technical analysis suggests that the asset is on the verge of a major crash if it fails to defend the important support level of $0.40.

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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. Is a Pi Network Crash Ahead As 272M Coins Unlock in July. Accessed on July 8, 2025