Pi Network News is once again in the trend list as its token struggles to hold above the $0.66 mark. Despite community buzz and the potential of a major unlock event this month involving 276 million tokens, PI has remained under selling pressure.
Catalysing factors include ongoing migration delays and unresolved KYC issues, which have hampered user onboarding and confidence. On the other hand, a large whale has taken a bullish stance, steadily accumulating Pi tokens over the last two months, now holding approximately $180 million worth, fueling the possibility of a potential reversal.
The Pi Network community is abuzz with the scheduled unlock of 276 million tokens in June, which could significantly impact liquidity and price volatility. However, this is tempered by continued KYC and migration complications that have slowed ecosystem expansion and user activation.
Discussions across social media platforms and crypto forums highlight users’ frustration over the lack of a definitive timeline for mainnet migration. At the same time, the whale’s long-term bet on Pi is viewed by many as a sign of institutional confidence, adding a layer of optimism amidst uncertainty.
At the time of writing, Pi coin is trading at $0.6506, marking a modest 0.79% gain in the past 24 hours but still down 12% over the last 7 days. The token in the past 24 hours has been trading tightly between $0.6412 and $0.656. The current 9-day SMA at $0.6779 acts as a short-term resistance, above which the next levels to watch are $0.8418 and the psychological zone of $1.3319.
On the downside, critical support stands at $0.565, any breakdown below this level could trigger panic selling. The RSI sits at 41.46, indicating weak momentum and suggesting that bears still have the upper hand, though a reversal could be imminent if sentiment improves.
Also check out our Pi Network (PI coin) Price Prediction 2025, 2026-2030 Now!
Unresolved KYC and migration delays continue to weigh on investor confidence, muting the impact of whale activity.
Successful migration, resolution of KYC bottlenecks, or a post-unlock surge in liquidity could trigger upward momentum.
The Pi coin price today is changing hands at $0.6506, with an intraday change of 0.79%.
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