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With approximately 6.8 million coins unlocked each day, analysts are warning that the continued influx of new supply is placing intense sell pressure on the market.
Surging Supply, Weakening Demand
According to crypto market analyst Dr. Altcoin, most of these newly unlocked Pi tokens are heading straight to centralized exchanges, increasing the amount of liquid supply available to sellers. Just in the last few days, exchange reserves of Pi have grown from 354 million to 368 million coins, while the total circulating supply has now ballooned to 6.88 billion coins.
This glut of supply has overwhelmed current market demand, leading to price declines and failed attempts at rallying.
“The market is simply overwhelmed by sellers,” said Dr. Altcoin. “Until the unlock pressure eases, it’s going to be difficult for Pi to find any sustainable upward momentum.”
Price Outlook: Short-Term Pain, Long-Term Hope?
The surge in circulating supply has already started dragging Pi’s price down, with analysts eyeing $0.30 or lower as a possible near-term floor.
However, there may be a light at the end of the tunnel. Dr. Altcoin predicts that by late August 2025, the daily unlocking rate is expected to slow significantly, potentially providing the relief needed for the market to stabilize and begin a gradual recovery.
“If the unlock rate drops and buyer interest starts picking up again, Pi could begin building a foundation for long-term growth,” he added.
The post Pi Network Faces Major Price Pressure Ahead of April 19 Unlock Event appeared first on Coindoo.
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