Pi cryptocurrency rises by 6%: Will all 7.8M unlocked tokens change everything?🚀🪙🫶💥
The Pi Network experiences a 6% surge following the issuance of 7.8 million tokens; will this mark the beginning of a new bullish phase for this cryptocurrency? Despite the challenges, could the project be gaining momentum?
However, consider that a recovery might begin toward the end of August 2025, when the daily rate of unlocks should significantly decrease.
Nonetheless, it has recently been added that the PI team could renew hopes. In fact, the Pi Core team, through its Pi Foundation 2 wallet, would have created a "sub-wallet":
In the last 24 hours, nearly 27 million Pi have been transferred from the CEX to this sub-wallet.
The Pi Core team is taking steps to reduce the supply in the market by buying Pi, which helps stabilize the price. If this strategy continues, it is possible that the price of Pi will not experience a significant drop despite the increase in unlocks.
Despite these challenges, the 6% rebound in the token price suggests some renewed interest in the project. Some traders wonder if this could be the beginning of a new upward trend. However, others remain skeptical about the numerous obstacles that still exist.
The CMF is about to return to positive territory, while the VPFR shows a volume flow towards $0.60. This price could become a new short-term support for PI, from which it could bounce.
PI must stay above this price, given that $0.64 also corresponds to its 20-day moving average. The coming days will be crucial for a medium-term rebound. A rebound that could take its price to the next resistance around $0.86.
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