#PiNetwork #PiNetworkMainnet
šPi Network continues to unlock millions of coins a day. Data shows thatĀ it will unlock overĀ 263 millionĀ Pi coins in June, 233 million in July, and 132 million in August. It will release 1.519 million coins in the next 12 months, averaging 132 million a month.
These unlocks come at a time when demand for Pi Coin is weakening. A significant increase in supply, combined with soft demand, typically results in further price pressure.
There are also signs that retail interest in Pi Network is fading. According to Santiment, Piās social dominance score has dropped to 0.24% from 1.15% in April, while social volume across major platforms has declined to 20 from a year-to-date high of 182.