Pi Network is entering a crucial phase this month, with around 239 million Pi tokens set to unlock over the next 30 days. That’s a big chunk of new supply suddenly becoming tradable.
And with demand still not strong enough to absorb this supply easily, Pi might struggle to move higher in the short term, even though prices are trying to stabilize.
Between April 9 and April 19, a significant amount of Pi is set to be unlocked as per Piscan. The largest spikes come mid-cycle, with around 18.28 million Pi unlocking on April 9.
In total, over the next 30 days, roughly 239.5 million Pi tokens will be unlocked, representing about 4% of the total locked supply. On average, nearly 8 million Pi tokens are entering circulation daily.
The main issue for Pi right now is imbalance. While supply is rising sharply, demand hasn’t kept pace. Daily trading volumes hovering around $21–$26 million are relatively low compared to the scale of incoming tokens.
This mismatch is creating bearish pressure on Pi price.
As of early April 2026, Pi is stabilizing around the $0.17–$0.18 range. However, this comes after a steep correction of over 90% from its 2025 highs.
This kind of sideways movement at lower levels suggests the market is trying to absorb supply, but it doesn’t yet signal a strong recovery. A similar pattern was seen in March, where bullish events triggered rallies, only to be followed by sharp sell-offs as holders exited.
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