Pi Network Price Slumps Amid Massive Token Unlocks and Listing Uncertainty

Pi Network's token, PI, saw its price drop to approximately $0.92—a 4% decline in one day—despite a broader crypto market recovery. This decrease represents a significant fall of more than 65% from its earlier peak of $3 this year. Analysts point to growing supply pressure as nearly 99.3 million PI tokens, valued at around $91 million based on current prices, are scheduled to be unlocked over the next 30 days, with an average of 3 million tokens released daily and a major single-day unlock of 6.8 million tokens on April 3. Additional larger unlocks are planned for April, May, and June, which could further intensify selling pressure. Investor sentiment has been dampened by uncertainties over potential exchange listings—particularly the absence of a confirmed Binance listing—and concerns about centralized control of the network’s SuperNodes. Although the network recently conducted a token burn of 10 million coins to reduce the circulating supply, this move has not significantly bolstered the price. Technical analysis, supported by indicators such as Bollinger Bands, the relative strength index, and moving averages, suggests that PI is in a bearish trend, with immediate support around $0.70 and resistance near $1.00. Further supply reduction measures, possibly involving additional token burns of 60 to 100 million coins, may be necessary to trigger a return to the $1.00 mark.