How Will Pi Network’s Token Unlock Impact Pi Coin’s Price?

Pi Network’s native token is struggling after falling to $0.80, and investors are starting to worry. With a massive wave of token unlocks coming and no major exchange listings confirmed, the pressure is mounting. Some experts warn that Pi Coin could drop even further, while others believe a turnaround might be just around the corner.

Will Pi Coin recover, or is there more pain ahead? Let’s take a closer look at what’s happening and what could be next.

Pi Coin’s Value Drops Sharply

Once seen as a potential top 10 altcoin, Pi Coin is now fighting to stay in the top 30. In the past 24 hours, its price hit a new low of $0.77, bringing its market cap down to $5.6 billion. The token has lost over 70 percent of its value since last month’s peak and nearly 30 percent in just a week.

Crypto analyst bullstraders7 has warned that Pi Coin could drop further to $0.60, its last key support level before a deeper fall. This has added to investor concerns, especially as many were hoping for a price recovery.

Millions of Pi Coins Set to Be Unlocked

Adding to the uncertainty, Pi Network is about to release a large number of tokens into circulation. According to data from PiScan, over 105.96 million Pi Coins, worth around $85 million, will be unlocked in the next 30 days.

The biggest single-day release will happen on April 3, when 6.8 million tokens will enter the market. Over the next year, a total of 1.6 billion Pi Coins will be unlocked, which could put more pressure on the price.

No Binance Listing Yet

Another factor affecting sentiment is the lack of a Binance listing. In February, 87.1 percent of the Pi community voted in favor of a listing, but Binance has yet to confirm any plans. The uncertainty has disappointed investors and triggered more panic selling, pushing prices lower.

Is a Rebound Possible?

Despite the negative outlook, some traders believe a recovery could be near. Crypto trader Coinvo sees the recent price drop as a buying opportunity. He pointed out that the Pi RSI divergence is flashing a strong buy signal, and the current Fibonacci zone could support a price increase.

If this plays out, Pi Coin could see a rebound in the coming days, possibly climbing toward the $5 mark.

Pi Coin’s future is hanging in the balance, and right now, both risk and opportunity are staring investors in the face.