Leading Predictions for Pi Network (PI) as Token Unveiling Decelerates This Month

Pi Network (PI) has shown a price increase of 6.5% in the last 24 hours, currently trading around $0.61. Despite recent heavy token unlocks leading to a dampening of PI’s price, the rate of unlocks is expected to decrease after mid-May, potentially alleviating selling pressure.

Some members of the Pi Network community are optimistic about a further short-term increase in price, with one user suggesting a target of $5. Conversely, the high rate of token unlocks has previously allowed investors to sell tokens, potentially suppressing PI’s price.

However, the number of tokens unlocked is expected to drop below 6 million by the end of the month. Currently, the circulating supply of PI is just under 7 billion, with over 70% still in the form of locked mining rewards.