While Bitcoin and many other cryptocurrencies have seen strong gains in recent weeks, Pi Network has not followed the trend. As of now, Pi is trading around $0.44, barely above its all-time low of $0.40. Over the past week, the token has declined by 3%. In the past month, it has lost more than 26% of its value. This continues a longer downward trend from its February high of $2.98.
Pi’s market position has also weakened. Once close to the top 10, it has now dropped out of the top 30 by market cap.
Heavy Token Unlock Pressure
A key factor in Pi’s declining price appears to be the ongoing and large-scale token unlocks. Millions of tokens are released into circulation daily, with nearly 100 million expected to unlock each coming month. The total circulating supply now exceeds 7.7 billion – over 1 billion more than at launch less than six months ago.
More significant unlocks are also scheduled for the future, including a large batch in Q4 2027 estimated to exceed 1 billion tokens. The increasing supply may be creating persistent sell pressure.
Lack of Major Exchange Listings
Despite winning a community vote for listing on Binance, Pi has not been added to the exchange. No announcement has followed, and Pi has also not been listed on other top-tier platforms like Coinbase, Bybit, or Upbit. This lack of major listings has been a concern for many holders, especially given early expectations.
Community Sentiment and Recent Developments
Pi has seen price spikes ahead of certain announcements – such as the Pi2Day event and a secret update teased in May – but these gains were not sustained. Some community members have expressed frustration, particularly in the absence of immediate use cases or exchange support.
Recent initiatives by the Pi team include the Pi Ventures program and an AI-powered coding assistant. While these may benefit the project in the longer term, their impact on market price has been minimal so far.
Read also: Pi Falls Below $0.70 After ‘Sell the News’ Reaction to Ventures Launch
Outlook Remains Uncertain
Despite the broader market rally, Pi’s price remains weak. Unless major developments occur – such as a top-tier exchange listing or significant new integrations – the token may continue to face pressure from its ongoing unlock schedule and reduced investor interest.
