The Pi Network is about to unlock more than 250 million tokens in June, which could significantly increase the selling pressure already observed on the altcoin.

With technical indicators pointing to a reduction in investor interest, the PI could drop to its historical low of US$ 0.40 — or even break below that level.

According to data from PiScan, the Pi Network is expected to release 276 million PI tokens throughout the month. Considering current market prices, this amount is equivalent to about US$ 176 million.