#pi coin is at a crucial juncture as a huge number of tokens are scheduled to be unlocked in the coming days, which may add selling pressure to the market. From May 6, 2025, millions of Pi tokens will be unlocked each day. On May 6 alone, more than 10.5 million tokens worth approximately $5.87 million were unlocked.
Similar quantities will be released in the subsequent days, with more than 231 million tokens to be released in May and another 222 million in June. Altogether, more than 1.4 billion new Pi tokens, worth more than $850 million, will hit circulation within the next year.
These unlocks may prompt more individuals to sell their tokens, particularly those allocated in the project’s early days. If not offset by more demand, this increased supply tends to bring the price down. #PiNetwork is trading at approximately $0.5802, which is more than 80% down from it’s all-time high.
The coin has also had lower trading volume over the recent past and has stuck in a tight price range since early April. This may indicate it is in the “accumulation” stage of the Wyckoff Market Cycle, a stage where the investors quietly accumulate positions prior to a potential breakout.
In spite of the pressure from unlocks, there are some glimmers of hope. Pi Network has hit 120 million app downloads, demonstrating high user demand. Additionally, rumors are flying about possible exchange listings. HTX (previously Huobi) has suggested a listing, and Pi has been spotted on some test pages on Binance, though there’s been no confirmation. A Binance listing would increase liquidity and draw in more buyers.
Some pioneers have very high expectations for Pi coin, going so far as to predict it will hit $314,159, a lofty goal. According to analysts, if Pi is able to overcome the resistance level of $0.7932, it might well make it to the $1 level, but the current market conditions make that a difficult hill to climb in the short term.