Pi Network Struggles at $0.44 as 600 Million Tokens Set to Unlock — Is a Crash Coming for Pi Coin?

Jakarta, Pintu News – For months, speculation about token unlocks has been circulating. The community anxiously awaits this event and its impact on the coin.

Pi Network is expected to enter a highly volatile period, as hundreds of millions of Pi tokens will begin tounlock in the next few months.

Before that, let’s explore Pi Network’s current price movement first!

Pi Network Price Up 1.2% in 24 Hours

On July 18, 2025, the price of Pi Network was recorded at $0.4447, having risen 1.2% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,305), then 1 Pi Network is IDR 7,251.

In the last 24 hours, the price moved in a range between $0.4336 to $0.4469, reflecting moderate volatility but a positive trend.

Read also: Mysterious ODM Wallet Pulls 2.8 Million Pi Network Tokens — Secret Buyback Strategy Uncovered?

Pi Network’s market capitalization stands at $3.43 billion, with a fully diluted valuation of $5.28 billion. Trading volume in the last 24 hours was high, reaching $108.8 million, indicating considerable market interest in the asset.

Concerns for Pi Network

According to Pinetworkmember, about 139 million Pi will enter circulation in August, followed by 116 million in September, 93 million in October, 102 million in November, and a huge spike of 170 million in December.

In addition, daily migrations currently add 3 to 5 million Pi tokens to the market every day, significantly increasing the circulating supply.

This surge in supply sparked concerns across the community. With so many tokens coming into the ecosystem, there are concerns about whether enough demand, liquidity, or strong buyers are available to absorb the pressure. Without all three, the price of Pi could experience serious downward pressure.

Meanwhile, an unlock of 337 million Pi in a single day on July 15 led to a sharp price drop of 25%, which shows how quickly a supply surge can have an immediate impact.

Not Enough Demand or Liquidity?

Although the Pi App Studio has been introduced as an initiative to help non-technical users build applications on the Pi network, the project still seems to be struggling to attract outside interest.

Many analysts and users are concerned that the Pi ecosystem is not ready for this much pressure.

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Increasing the number of tokens every day requires strong demand, real use cases, and deep liquidity to maintain price stability. Without all three, the value of tokens could continue to decline, ultimately leaving early adopters feeling disillusioned.

Although Pi has launched App Studio to support the creation of apps by non-developers, critics feel that the project is still too secretive.

To date, Pi has not opened up to other crypto ecosystems, has not established external partnerships, or is listed on major exchanges.

Some have cited the Pi Core Team’ s reluctance to fully decentralize the network as a major obstacle to the project’s growth.

On the Other Side…

However, reinforcing doubts regarding token circulation, a crypto user claimed that by 2027, more than 400 million additional Pi tokens are expected to enter into circulation.

In response to this, pinetworkmember explained that the total supply will be several billion, as all tokens that have been migrated are considered circulating supply, even if they are still locked by users.

He noted that the core team (CT) was fortunate enough that many early Pioneers unknowingly locked their tokens, which indirectly helped to contain the initial supply pressure.

However, with billions of tokens eventually coming into circulation, concerns about liquidity, demand, and the true value of $PI are growing.

What’s Next for Pi Network?

For Pi Network to survive and stabilize itself in this turbulent phase, the project needs more than just application development. Pi must begin to embrace decentralization, forge external partnerships, and seek to have $PI listed on credible exchanges.

Read also: Bitcoin Soars to $120,000 — Is the Road to $250K Just Beginning?

Without these measures, the upcoming massive token unlocks could flood the market, thus risking the long-term sustainability of Pi.

Under current conditions, Pioneers may be stuck holding tokens with low liquidity and declining value-unless significant changes are made soon to attract real demand and real-world utility.

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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. Is Pi Network Price Heading for a Major Crash? 600M+ Tokens Unlocked by Year-End. Accessed on July 18, 2025