The cryptocurrency PI of the Pi Network has experienced a significant price drop, driven by upcoming token unlocks and decreasing trading activity.
Value Drop and Token Unlock Plans
PI's price recently dropped to $0.68, representing a 74% decrease from its all-time high of $2.98 in February 2025. A major contributing factor is the forthcoming unlock of over 124 million PI tokens this month, with a total of 1.6 billion tokens expected to be unlocked over the next year. Moreover, PI trading activity is also slowing down, indicating waning investor excitement.
Community Demands and Criticism from Dr. Altcoin
The Pi Core team recently announced successful PiFest on the Open Network, drawing over 125,000 registered sellers and 1.8 million Pioneers actively engaging with the map of Pi. However, the community's response has been negative. Dr. Altcoin remarked that trading activity within the Pi ecosystem has significantly declined since PiFest commenced, with transactions primarily involving Pi sales for cash. He also criticized Pi co-founders for being disconnected from the practical realities and concerns of the wider Pi community. Community members are unhappy with the Pi Core Team’s updates and are demanding more transparency and new leadership with real crypto expertise.
Inflationary Challenges for Pi Network
Pi Network has become one of the most inflationary cryptocurrencies, and this trend may continue. With a max supply of 100 billion Pi coins and only 6.7 billion in circulation, token unlocks increase the number of coins on the market. While some cryptos tackle this by burning tokens to reduce supply, it remains unclear if Pi has plans for such strategies. Such measures could include burning tokens not moved to the mainnet by June or using ecosystem fees for token burns. Nicolas Kokkalis, Pi’s co-founder, is likely to address these issues during the project's first X Space communication and will discuss future plans, including the roadmap and upcoming features.
Pi Network faces significant inflation and decreasing community engagement, requiring the introduction of new strategies for stability and growth.
