The Pi Network community finally witnessed the much-anticipated launch of the project’s Open Mainnet and native Pi token (PI) on February 20, 2025, following years of rigorous development. The event marked a major milestone in the crypto ecosystem, but the Pi token’s performance has been volatile since its debut.
Pi Token Volatility: From All-Time Highs to Sudden Slumps
Initially, Pi token displayed high trading activity and volatility. It surged to an all-time high of $3, only to drop sharply to $0.70 within a few days. Although the token showed promise in its early days, PI price has since declined by over 30% on the weekly chart, placing it at the 26th spot by market capitalization, a steep fall from its once-near-top-10 status.
Why Is Pi Network Falling?
A recent analysis by a Vietnam-based Pi Network channel pointed out a potential reason for the current Pi price crash—the mass unlocking of PI tokens during the project's first month post-launch. Initially, the total PI supply was 7.2 billion tokens, but it has now dropped to 6.7 billion.
Interestingly, only 1.7 billion PI tokens are currently in circulation. This limited supply is largely due to a high number of unverified users on the platform who have not yet completed the Pi Network KYC process. As a result, approximately 5 billion PI tokens remain locked, restricting market liquidity.
The team further explained that the daily unlocking rate is set to reduce significantly—from 13 million PI/day to just 3.8 million PI/day next month. This sharp decline in the token unlock rate could trigger a Pi price rebound if market demand holds steady or increases.
Pi Network Price Prediction: Bullish Patterns Emerging?
A well-known crypto analyst on X (formerly Twitter) recently commented on the PI/USDT chart, highlighting that the token is trading within a falling channel. While PI has repeatedly faced resistance at the upper trendline, it has also found strong support at the lower levels.
According to the analyst, a bullish breakout from this descending channel—combined with strong momentum—could potentially reverse the current downtrend. Moreover, a previous resistance level has now turned into support, reinforcing bullish sentiment in the Pi Network community.
Could Pi Token Surge Back to $2?
If the unlocking rate continues to decrease and demand for Pi tokens strengthens, analysts believe the PI token could see a significant recovery. Some predictions suggest a return to the $2 mark is possible in the coming weeks, especially if technical indicators align with favorable market conditions.
Final Thoughts: Is Pi Network Still a Worthwhile Investment?
Despite the recent price slump, Pi Network's fundamentals remain strong. The reduction in token unlocks, positive technical analysis, and potential strategic partnerships indicate that the project is still on a growth trajectory. As more users complete KYC and adoption increases, the Pi token price could recover and even surpass its early highs.
Investors should keep a close eye on Pi Network updates, especially regarding tokenomics, circulating supply, and upcoming partnerships, which may play a crucial role in shaping PI’s future market performance.
