The Pi Network cryptocurrency project – one of the names that once caused a sensation among the huge user community – is facing increasing pressure in the second quarter of 2025. Although public interest has significantly declined, many 'Pioneers' (early investors) still hope for a strong price recovery in the near future. However, factors such as a significant increase in supply and weak liquidity are posing serious challenges for the future of the Pi coin.

Pi Supply Increases Significantly While Trading Volume Decreases

According to data from PiScan, up to 212.2 million Pi tokens will be unlocked in May, followed by 222.6 million in June and 233.4 million in July. The period from May to July will be the time with the largest volume of unlocked tokens until September 2027.

It is noteworthy that this significant increase in supply occurs amidst weak liquidity and a sharp decline in trading activity. According to CoinMarketCap, the trading volume of Pi has plummeted from over 1.3 billion USD at the time of launch to around 45 million USD, equivalent to a decrease of up to 96%.

This indicates a sharp decline in trading demand, raising concerns that the market may not be able to absorb the new supply that will flood in the near future.

Selling Pressure Rises When Pi is Listed on Exchanges

Data also shows that the amount of Pi stored on centralized exchanges (CEX) has exceeded 387 million tokens – doubling from the report in February. Specifically, Bitget currently holds over 95 million Pi, while OKX holds nearly 154 million. The large amount of Pi tokens being moved to exchanges suggests that many investors may be preparing for a sell-off, thereby increasing downward pressure on this coin.

Why Do Many Pioneers Still Hope for Pi to Increase in May?

Despite facing many difficulties, the Pi investor community remains optimistic. Their hope mainly comes from unconfirmed rumors that Binance will list Pi in the near future. A prominent Pi investor account on platform X with over 100,000 followers stated:

"Coming soon! Pi will be listed on Binance, the Pi Core Team is in the final negotiation stage with Binance," – Pi Barter Mall shared.

Additionally, the upcoming appearance of Dr. Nicolas Kokkalis, the founder of Pi Network, at the Consensus 2025 event is also seen as a potential factor to boost positive sentiment within the community.

Since the mainnet launch, Pi Network has achieved several important milestones such as:

  • Chainlink integrates with Pi Network

  • Telegram Crypto Wallet supports payment integration with Pi

Conclusion: Facing a Major Crossroads

Currently, the price of Pi remains around 0.58 USD, reflecting the cautious sentiment of the market. With hundreds of millions of tokens set to be released and trading demand still low, Pi Network is at a crucial crossroads. Will the community's confidence be strong enough to pull Pi out of the bearish zone – all will depend on the next moves from the development team and the response from major exchanges like Binance.