Oh dear, it seems the Pi Network (PI) price has taken a bit of a tumble, hasn’t it? 🤦♂️ The recent decline has left investors and developers alike scratching their heads, wondering what on earth is going on. As PI navigates the choppy waters of its ecosystem rollout, it’s clear that both network-level events and on-chain activity are having a profound impact on its market behaviour. It’s a bit like trying to balance a seesaw, really – too much supply and not enough demand, and, well, you get the picture. 🤹♀️
At the time of writing, the PI price is hovering around $0.4561, and, quite frankly, it’s been on a bit of a downward spiral. So, what’s behind this PI price plummet? 🤔
The Great Token Unlock: A Recipe for Disaster?
It seems the main culprit behind Pi’s decline is the rather massive token unlock currently underway. Between June 28 and July 15, 2025, a whopping 337 million PI tokens are set to flood the market. That’s a lot of PI, if I do say so myself. 🤑
On July 4, a staggering 19 million PI tokens were released, worth a cool $10 million. As these newly unlocked tokens hit the market, many holders are rushing to sell, leading to a bit of a supply glut and, well, you guessed it – downward pressure on the price. But fear not, dear Pi enthusiasts, for this unlock is the largest until 2027, making it a rather pivotal month for Pi holders. 📆
Insider Activity: A Sneaky Sneak Peek?
On-chain data suggests that some rather large wallets – possibly linked to the Pi Core Team, might I add – have been moving millions of PI to exchanges like OKX and Gate.io. Now, I’m not one to speculate, but this does seem a tad suspicious. 🤔 It’s a bit like trying to sneak a peek at the answers before the exam – not exactly the most confidence-inspiring move, if you ask me.
Exchange inflows have also spiked, which rather confirms the increased sell-side liquidity. And, well, when you combine that with the token unlock, it’s a bit of a perfect storm, really. ⛈️
What’s Next for PI: A Bearish Outlook?
Community sentiment has taken a bit of a hit, it seems. Despite years of promises, Pi remains unlisted on major exchanges like Binance and Coinbase, which rather limits accessibility and investor confidence. And let’s not forget the hype events like Pi2Day, which failed to generate the expected price rallies. Real-world use cases are still in the early stages, and the technicals have turned bearish, hinting at a further downside possibility. 📉
The historical chart of PI doesn’t exactly scream “rebound” anytime soon, and even if there is a small rise, the bears tend to extract profit in no time. The chart shows PI stuck in a falling wedge, and it’s getting rather close to the apex. The Bollinger bands are going parallel, hinting at a drop in volatility, while the RSI has bottomed out, suggesting a potential reversal soon. However, the momentum is weak, and if the Pi price breaks lower, it may visit the support levels around $0.35. 📊
On the other hand, the trend may remain under bearish influence until the PI price clears the resistance at $0.47. 📈
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2025-07-07 22:22