{"id":49643,"date":"2025-03-25T10:04:01","date_gmt":"2025-03-25T10:04:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/upcoming-91m-token-unlock-adds-to-pi-network-market-woes\/"},"modified":"2025-03-25T10:04:01","modified_gmt":"2025-03-25T10:04:01","slug":"upcoming-91m-token-unlock-adds-to-pi-network-market-woes","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/upcoming-91m-token-unlock-adds-to-pi-network-market-woes\/","title":{"rendered":"Upcoming $91M token unlock adds to Pi Network market woes"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<ul>\n<li>Pi Network (PI) token price has plunged over 40% in a month, contrary to post-mainnet hopes.<\/li>\n<li>Upcoming $91M token unlock to flood market, worsening sell pressure.<\/li>\n<li>The Pi Network team has rolled out updates to boost the ecosystem, aiming to counter market woes.<\/li>\n<\/ul>\n<p>PI, the native token of Pi Network, has been on a free fall over the past month, losing over 40% contrary to what the majority expected, especially after the mainnet launch.<\/p>\n<p>This steep decline has caught investors off guard, particularly as the broader cryptocurrency market shows tentative signs of recovery.<\/p>\n<p>Unfortunately, the Pi Network, celebrated for its unique mobile mining model that allows users to mine tokens via smartphones, has struggled to translate its innovative vision into sustained market value.<\/p>\n<h2>A disappointing post-mainnet performance<\/h2>\n<p>The <a href=\"https:\/\/coinjournal.net\/news\/pi-network-launches-open-network-pioneering-identity-verified-crypto-transactions\/\">launch of the Pi Network mainnet<\/a> was anticipated as a turning point for PI, with many expecting it to bolster the token&rsquo;s credibility and price.<\/p>\n<p>Instead, the token has plummeted from a high of $2.99 in February 2025 to $0.9287 by March 25, 2025&mdash;a staggering 68.9% drop.<\/p>\n<p>This downturn stands in stark contrast to the optimism that once surrounded the project, fueled by its promise of accessibility and a growing user base.<\/p>\n<p>Analysts point to persistent supply pressures and a lack of clarity on major exchange listings as key contributors to this disappointing trajectory.<\/p>\n<h2>The looming PI token unlock challenge<\/h2>\n<p>Adding to the market&rsquo;s unease is an <a href=\"https:\/\/piscan.io\/unlock-statistics\">imminent token unlock<\/a> set to release 99.3 million PI tokens over the next 30 days, valued at roughly $91 million at current prices. This translates to an average of 3 million tokens flooding the market daily, with a peak unlock of 6.8 million tokens scheduled for April 3, 2025.<\/p>\n<p>Such a significant influx is likely to intensify selling pressure, threatening to push PI&rsquo;s price even lower.<\/p>\n<p>Looking further ahead, additional unlocks in April, May, and June&mdash;totalling 115.57 million, 182 million, and 222 million tokens respectively&mdash;cast a long shadow over the token&rsquo;s near-term stability.<\/p>\n<h2>Technical signals point to more bearish trends<\/h2>\n<p>On the technical front, PI&rsquo;s current price of $0.9287 hovers near critical levels.<\/p>\n<p>Notably, the immediate support lies at $0.70, while the resistance looms at $1.00.<\/p>\n<p>The Bollinger Bands reveal a market dominated by sellers, with the price clinging to the lower band.<\/p>\n<p>The Relative Strength Index (RSI) on the 4-hour chart, sitting at 35.87, underscores a bearish outlook though near the oversold territory.<\/p>\n<p><\/p>\n<p>In addition, both moving averages and the Moving Average Convergence Divergence (MACD) reinforce this downward momentum.<\/p>\n<p>A drop below $0.85 could see PI testing $0.70, though a breakout above $1.00 might spark a rally toward $1.34.<\/p>\n<h2>Pi Network team&rsquo;s efforts to bolster the ecosystem<\/h2>\n<p>Amid these challenges, the Pi Network team has not remained idle. A recent update allows PI holders to view their tokens within an official Telegram wallet, albeit with limited features for now.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680; BREAKING: You can now see <a href=\"https:\/\/twitter.com\/search?q=%24PI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PI<\/a> in Telegram&#8217;s official wallet &#128640;<\/p>\n<p>&#9888;&#65039;Condition: <br \/>&bull; You can only buy, sell, or store <a href=\"https:\/\/twitter.com\/search?q=%24PI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PI<\/a> in the wallet.<br \/>&bull;  You will not be able to send <a href=\"https:\/\/twitter.com\/search?q=%24PI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PI<\/a> to your Telegram contacts, withdraw it to an external wallet, or receive it from anyone. &#10060;<a href=\"https:\/\/twitter.com\/hashtag\/PiNetwork?src=hash&amp;ref_src=twsrc%5Etfw\">#PiNetwork<\/a> <a href=\"https:\/\/t.co\/z0jI2dWqlL\">pic.twitter.com\/z0jI2dWqlL<\/a><\/p>\n<p>&mdash; Pi News (@PiNewsMedia) <a href=\"https:\/\/twitter.com\/PiNewsMedia\/status\/1904363060372095087?ref_src=twsrc%5Etfw\">March 25, 2025<\/a><\/p>\n<\/blockquote>\n<p>The team also <a href=\"https:\/\/x.com\/PiCoreTeam\/status\/1904251883293974934\">extended the PiNet migration grace period to May 28, 2025<\/a>, giving developers more time to secure domains without competitive bidding.<\/p>\n<p>These moves, though yet to bear fruits, signal an intent to enhance accessibility and encourage developer involvement, potentially laying the groundwork for a stronger ecosystem despite the current market turmoil.<\/p>\n<p>The post <a href=\"https:\/\/coinjournal.net\/news\/upcoming-91m-token-unlock-adds-to-pi-network-market-woes\/\">Upcoming $91M token unlock adds to Pi Network market woes<\/a> appeared first on <a href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/upcoming-91m-token-unlock-adds-to-pi-network-market-woes\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Pi Network (PI) token price has plunged over 40% in a month, contrary to post-mainnet hopes. Upcoming $91M token unlock to flood market, worsening sell pressure. The Pi Network team has rolled out updates to boost the ecosystem, aiming to counter [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":49644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/49643"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=49643"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/49643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/49644"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=49643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=49643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=49643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}