The recent decline in the price of the Pi Network token (PI) has raised questions among investors and developers, particularly amid heightened volatility and changes in supply dynamics.
Key Factors Behind Price Decline
One of the critical factors behind the decline in Pi's price is the ongoing massive token unlock. Between June 28 and July 15, 2025, over 337 million PI tokens are scheduled to be released into the market.
On July 4, the largest daily release occurred—over 19 million PI, amounting to roughly $10 million. As these newly unlocked tokens flood the market, many holders are rushing to sell, leading to oversupply and downward pressure on price.
On-Chain Data and Its Impact
On-chain data shows a concerning trend: large wallets, possibly linked to the Pi Core Team, have moved millions of PI to exchanges such as OKX and Gate.io. While official explanations remain unclear, this suggests potential insider selling, triggering distrust and speculative exits by retail holders.
At the same time, exchange inflows have spiked, further confirming increased sell-side liquidity, alongside the token unlock.
Future of Pi Token Price
Community sentiment has taken a hit. Despite years of promises, Pi remains unlisted on major exchanges like Binance and Coinbase, limiting accessibility and investor confidence. Meanwhile, hype events like Pi2Day have failed to generate expected price rallies, and real-world use cases are still in early stages. The technical indicators have also turned bearish, suggesting further downside potential.
The historical chart of PI does not indicate a rebound anytime soon, and despite a small rise, bears are likely to take profit quickly. If the Pi price breaks lower, it may visit support levels around $0.35.
The situation with the Pi Network token remains tense under pressure from significant unlocks and market unpredictability. Unless the price clears the resistance at $0.47, the bearish trend may continue.
