The Pi Coin price has plunged to an all-time low, trading just above $0.55 on OKX after a sharp -10% drop in the last 24 hours. The fall coincides with growing sell pressure as millions of tokens are gradually unlocked from staking.
With $2.9 billion worth of Pi currently locked and over 343 million PI scheduled to unlock in the next 30 days, bearish sentiment is spreading fast among traders and early miners.
Token Unlock Schedule Fuels Panic
According to data from Pi Scan, more than 11.4 million PI tokens are being unlocked daily, with July 6 projected as the peak—over 15.6 million PI will be released in a single day, representing ~$8.6 million at current prices.
Source. PiScan
This unlock wave is shaking confidence in the coin’s future, especially as many early adopters rush to cash out.
Pi Coin Price Action Signals Breakdown
On TradingView, PI/USDT shows a clear breakdown pattern. The support zone near $0.70 was lost quickly, with high-volume sell-offs confirming capitulation. Daily RSI and MACD indicators remain bearish, and unless new buyers step in, the coin may struggle to recover above $0.60.
Source: Tradingview
Despite this, some analysts suggest a technical bounce is possible. As highlighted in recent coverage, the MACD is flashing early signs of reversal. Still, the overall trend remains steeply negative.
Is the Pi Network Narrative Fading?
Once hyped as a mobile-mined coin with mass adoption potential, Pi Network has yet to launch on major exchanges in a fully open market. Critics argue that despite its massive user base, the lack of transparency and unclear roadmap have contributed to growing skepticism.
If unlock pressure persists, Pi Coin risks slipping further below $0.50 in the coming weeks unless the team delivers a strong utility roadmap or announces exchange support.
Final Thoughts: What’s Next for Pi Coin?
The Pi Coin price collapse highlights a broader issue with low-float, high-hype tokens. As millions of PI flood the market, only real-world adoption or strategic exchange listings might rescue its valuation. Until then, the hype might be over.
