Pi Network (PI) Price Analysis: A large number of tokens unlocking forms a "supply bomb", and the technical indicators have turned bearish.

Today (9th) in the Asian late session, the price of Pi Network (PI) has slightly recovered, currently reported at 0.4644 USD. The potential of Pi Network is immense, but it is facing turbulence. Despite the large community size, the price of Pi Token remains stagnant and has even shown signs of a fall. Issues such as token issuance, lack of official launch, and doubts regarding tokenomics are causing market uncertainty.

Massive Token Unlock: Explosive Supply Growth

Pi coin has recently experienced a concerning fall. In fact, this has raised many questions among the investor and developer communities. This volatility can be partially attributed to structural changes in the network supply dynamics.

As the Pi Network enters a critical stage of deployment, network layer events and on-chain activities are significantly impacting its market behavior. These fluctuations reflect the broader challenges of balancing supply and demand in a maturing network, as the network is moving towards an open mainnet and full practicality.

The main reason for the fall of the PI coin is the large-scale token unlocking currently taking place.

From June 28 to July 15, 2025, over 337 million PI tokens are set to be released into the market. This sudden token release has created an oversupply and has put downward pressure on prices. This is the largest unlock before 2027, marking a critical period for Pi coin holders.

On-chain data shows that large wallets are transferring to exchanges like Gate, raising concerns that this may indicate insider selling. Coupled with the increase in seller liquidity, this may continue to put pressure on the Pi coin.

Pi Network price fundamentals remain too weak

The community has expressed many concerns. Despite promises, PI has not yet been listed on mainstream exchanges, which limits its accessibility and investor confidence. Hype activities such as Pi2Day have also failed to bring the expected price increase, and actual use cases are still in the early stages.

In addition, the technical indicators have shifted into a bearish zone, suggesting a potential continuation of the fall. Although PI coin may experience a brief rebound phase, its price trend remains unclear, hovering between consolidation and new downward pressure.

(Source: Trading View)