April proved exceptionally challenging for the Pi Network price, seeing losses of over 16% since the start of the month. Other assets such as Bitcoin, Fartcoin, and Solana rallied, yet Pi’s performance lagged considerably. Early adopters triggered a broad sell-off after the mainnet launch, selling large pre-launch token holdings to lock in profits. The resulting supply glut collided with weak demand and intense selling pressure, pushing prices still lower. Lacking any positive developments or favorable news flow, bearish sentiment dominated and prevented Pi from joining broader market recoveries.
Can coin unlock events affect market stability?
Massive token dilution also drove a sharp drop in market value. The April Pi coin unlock event added over 188 million tokens to circulation. Such an increase overwhelmed markets, as investor demand was weak. Over 235 million tokens worth $140 million are set to be released in May. These supply shocks represent the largest inflation of tokens since the mainnet launch, increasing the Pi Network’s selling pressure. Projections indicate more than 1.43 billion tokens could unlock in the next year. This looming supply surge threatens price stability and market equilibrium for the token.
Strong community support has failed to cause major exchange listings, as limited exchange listings further hinder token performance. Pi remains unlisted on major platforms like Binance, Coinbase, and Upbit; this absence restricts its reach to global retail investors. Availability on OKX and Bitget fails to match tier-one exchange volume, as smaller platforms lack the visibility of top markets. Without wider exposure, trading depth stays shallow, lowering liquidity and stalling large trades and institutional interest. Altogether, these limited listings contribute to weak demand and underperformance.
Why Are Investors Worried About Pi Coin Dump Risks?
Many investors have also been doubting the coin’s tokenomics as Insiders control a significant share of tokens, fueling dump fears. Early adopters received 65 billion out of the 100 billion token supply, and the foundation holds the remaining 35 billion tokens. These include 20 billion for the core team, 10 billion in reserves, and 5% allocated to controlled liquidity pools. Even minor insider sell-offs can spark market panic. The Pi coin unlock schedule has intensified these concerns and increased long-term holding risks.
Which crypto erupts green & melt faces? pic.twitter.com/v1L2dFXR0i
— HTX (@HTX_Global) April 30, 2025
Despite this, cautious optimism exists that a listing on the HTX exchange could reverse this downward trend. That platform launched a Pi Network IoU token in 2021 and remains a strong listing candidate. That IoU token traded until February, sustaining community interest during a quiet period. Recent X posts have also hinted at an official Pi listing by HTX exchange. Follow-through could invigorate the market and broaden user access and lift the Pi Network price, perhaps only temporarily.
Is Pi Network Entering a New Trend or Still in Consolidation?
The Pi price action shows clear momentum shifts based on key technical indicators. The current 55 RSI appears to have just bounced from near the oversold territory, hinting at buying interest. This rebound implies recent selling exhaustion and validates the idea that buyers absorbed the dip. Likely, the oscillator neared or dropped below thirty before reversing upward. Such behavior signals a short-term shift in Pi Network price. Overall, the RSI supports a potential market change after a consolidation phase.
PI/USDT daily chart, published on TradingView, May 1, 2025
Based on the daily PI/USDT chart, the recent Pi Network price spikes have been accompanied by a rising ADX. This rise indicates a shift from range-bound to more directional behavior. Combined signals suggest the market moves from consolidation to active trading. Yet, now the ADX is declining again and now stands at nearly 39. As such, without definitive directional cues, traders should remain cautious. Watching both momentum and trend indicators in upcoming sessions is essential. Their interplay will confirm whether a sustained trend emerges.
Can Market Sentiment Shift The Price Action?
According to Wyckoff Theory, Pi appears to be in its accumulation phase with price trading in a tight range. During this stage, weaker holders reduce exposure while stronger investors increase positions. A subsequent breakout often follows, fueled by renewed buying interest and FOMO driven momentum. Although Pi price action remains subdued lately, changing market sentiment or dynamics could trigger a reversal. However, dilution risks from upcoming Pi coin unlock events and scarce exchange listings warrant caution. Meaningful and lasting gains will depend on structural improvements and wider market support.
The post Pi Coin Declined Sharply in April Amid Massive Token Dilution and Limited Exchange Listings appeared first on Coinfomania.
