The recent token unlock of Pi Network has caused market speculation and excitement among traders. This move could influence future price movements.
Price Dynamics
On April 22, 2025, a total of 5 million Pi tokens were unlocked, leading to volatility in the rapidly changing market. Pi IOU prices fell by approximately 6% in response to this event.
Expectations and Projections
Technical sources forecast potential price targets above $2. An analysis report from CoinCodex states, "Projections based on technical indicators suggest a potential surge of over 200% in the coming weeks, depending on momentum and speculative demand."
Future of Pi Network
Pi Network, led by Dr. Nicolas Kokkalis and Chengdiao Fan, emphasizes accessibility but has not made official comments regarding price actions. Current market sentiment remains mixed, with RSI hovering at 43. Historical data from past launches indicates potential volatility following the mainnet's introduction.
The unlocking of Pi Network tokens has brought new life to the market, while traders continue to closely monitor price changes and await further news regarding the mainnet.
