One of the most anticipated events in crypto this April is happening today: PI Network is unlocking 2.8 million PI tokens into circulation. With the token still trading nearly 80% below its all-time high, many investors are closely watching how the market will respond to the added supply.
Will the added volume shake things up?
The coming days could offer some telling clues about where PI is really headed.
According to PI Scan, a real-time blockchain explorer, approximately 2.8 million tokens are being unlocked today.
April 2025 Overview
Throughout April 2025, at least 108.9 million PI tokens will be unlocked. This is part of a much larger schedule, with more than 1.56 billion PI tokens expected to be released over the next 12 months.
On average, around 134.39 million tokens will be unlocked every month. The highest monthly unlock is expected in December 2027, when 432.3 million PI tokens will be released into the market.
PI launched with a strong start. On February 20, it was priced at $0.1071. In its first week, the token surged by 2,688.79%, briefly crossing the $3 mark on February 26.
But after February 27, the token started losing steam. Between February 27 and April 4, the price dropped by 81.58%.
Since April 5, the price of PI has been moving between $0.4040 and $0.7894. At the moment, PI is trading around $0.6174.
Token unlocks can have a big effect on market sentiment and price movement, especially for newer and more volatile assets like PI. With 2.8 million tokens entering circulation today, a short-term price dip is possible due to the increase in supply.
PI’s current circulating supply is 6.88 billion tokens, and its market cap stands at around $4.17 billion.
While some see token unlocks as a risk of dilution, others view them as a positive sign of transparency and project progress.
Looking at upcoming months, PI Scan reports the following token unlocks:
With over 1.5 billion tokens set to be unlocked in the next year, it’s important for market participants to keep an eye on how these events affect liquidity, investor behavior, and price stability.
Yes, token unlocks can create short-term price pressure due to increased supply, especially in a volatile and speculative market.
If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.
Pi Coin is available on exchanges like OKX, Bitget, and Gate.io, with potential for more listings coming.
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