The Pi Network, once viewed as a quiet underdog, is facing one of its biggest tests yet. Starting in late June, approximately 337 million Pi tokens will be unlocked, and that’s just the beginning.
337 million Pi tokens to unlock in July
According to Pi Scan, a large number of Pi tokens will be unlocked in June and July 2025, approximating 337 million tokens, or about 4.1% of the circulating supply. The expected volume of unlocked tokens will amount to around $179 million, which could significantly impact the market.
No Exchange Listings and Partnerships
A significant concern is that Pi tokens are still not listed on any major exchanges. This results in limited liquidity, making it harder for the market to absorb large sell volumes. Additionally, there have been no substantial enterprise partnerships or inflows of new capital, which negatively affects demand.
Impact on Pi Coin Prices
Token unlocks often influence trader sentiment and can quickly move prices, especially for newer and more volatile coins like Pi. If many unlocked tokens are sold immediately in a low trading volume market, the price could fall sharply, possibly back to its previous low of $0.37. Currently, Pi has a circulating supply of 7.68 billion tokens and a market cap of about $4.06 billion, trading near $0.533.
Thus, the upcoming unlocks of Pi tokens raise significant concerns within the community. In the absence of key catalysts for price increase, the market may face challenges.
