Pi Network on the Brink — Upcoming Token Unlock Could Push PI to New Lows
Pi Network (PI) is under heavy pressure as it teeters near the critical $0.40 support level, approaching its all-time low. A looming 2.1% increase in circulating supply—driven by the release of 160 million PI tokens in August—is weighing on sentiment.
After hitting $0.4364 earlier in the day, PI slipped below $0.4200 on Thursday. The technical outlook remains bearish amid concerns over the token unlock and delays in Onramp Money’s integration. PI has been on a downtrend since mid-May.
August Token Unlock Could Intensify Selling Pressure
According to PiScan, 161.6 million PI tokens are scheduled for release in August, marking a 2.09% increase in circulating supply. This is the largest monthly unlock until December, when 170.5 million tokens are set to be added.
With more tokens entering the market, investor selling pressure could rise, especially from holders looking to secure profits.
Onramp Money Integration Still Pending
Onramp Money announced on Tuesday that PI token integration is still in progress, with fiat-to-PI purchases expected to go live in the second or third week of August. However, users are advised to wait for an official social media announcement before attempting purchases.
Currently, the Pi Network app displays Banxa and TransFi as available on-ramp services, though no formal statement has been made by the company.
Price Outlook: Eyes on the $0.4000 Support
PI has dropped 17% in July and is once again testing its June 13 low of $0.4000. A breakdown below this level could open the door to deeper losses, with the S1 pivot support at $0.3837 and S2 at $0.2585.
To reverse the trend, PI needs to reclaim the $0.5000 level. Until then, caution is warranted—especially with the unlock event just around the corner.