#CryptoCPIWatch #CryptoRoundTableRemarks #PiNetworkMainnet #BTC
Pi Coin’s (PI) rally stalled briefly with a sharp drop in price reducing its market capitalization by $1.1 billion.
Despite trading above $1.55 earlier in the day, PI Coin fell 13.10% to $1.07 within 24 hours.
This price reversal for Pi Network emerges as it prepares to unlock 254.99 million PI tokens over the next 30 days. This upcoming token unlock schedule adds significant uncertainty to Pi Coin’s short-term price action and addresses why Pi Network PI price slide is worrying
The token’s 24-hour trading volume increased by 49.07% to $1.96 billion, signaling active participation during the selloff. The volume-to-market cap ratio rose to 26.17%, indicating higher trading pressure relative to its current $7.6 billion market cap.
While the PI price stabilized near $1.00, chart patterns show a sharp decline followed by a recovery that failed to hold into early May 13. The Pi Coin market cap decline is also now a key focus.
Pi’s fully diluted valuation stands at $107.21 billion, based on its total max supply of 100 billion PI. However, only 7.08 billion PI are currently in circulating supply. This contributes to heightened volatility during market shifts
The upcoming Pi Network token unlock is a major news story attracting market attention, as it raises supply-side concerns.
A total of 254.99 million PI, valued at approximately $276.38 million, will be released over the next month. This represents 4.95% of Pi’s currently locked supply of 5.15 billion PI. On average, about 8.5 million PI worth $9.21 million will be unlocked daily.
Peak unlock days fall on May 15–17, May 23, and June 6. The largest single-day unlock is scheduled for May 16, when 14.75 million tokens, worth nearly $16 million, will enter circulation.