🚨 Pi Network (PI) Alert: July 4th Unleashes Largest Daily Token Unlock in History
Brace for impact—Pi Network's ticking time bomb detonates this Independence Day.
### The Great Unlock: What You Need to Know
On July 4th, Pi Network executes its single biggest daily token release ever. No fireworks—just pure volatility.
### Market Tsunami Incoming?
Early miners finally get access to their PI hoards. Will they dump or diamond-hand? Either way, liquidity's about to get interesting.
### Proceed With Caution
Timing coincides with thin holiday trading—because what's crypto without perfect storm conditions? Just remember: in blockchain we trust, but verify those sell walls.
*"Another day, another token unlock—because apparently 'circulating supply' is just a suggestion." - Every jaded trader watching this unfold*
Fasten Your Seat Belts
Several well-known cryptocurrencies have witnessed substantial price increases over the past week. However, Pi Network’s PI is among the few in the red zone, plunging by 8% within that timeframe and currently trading well below $0.50.
Moreover, certain important factors suggest that investors should prepare for volatility in the following days. According to Piscan, a major token unlock is scheduled for this week, with a record 19.2 million PI expected to be released on July 4. This will mark the largest single-day unlock to date. The amount of freed tokens will remain high until mid-July, after which the pace is expected to slow down.
The development will allow people to sell coins they have been waiting for a long time. While it doesn’t guarantee widespread selling, it does increase the likelihood of downward price pressure.
Bulls Will be Bulls
The aforementioned factors might point to a further correction, but many X users remain optimistic that PI’s price could experience a major resurgence soon.
The one using the moniker Woody Lightyear thinks the asset is preparing for “a big pump.” He provided a quick recap of PI’s price performance around Pi2Day (June 28), highlighting that the token had been trading around the $0.50 range.
“The market Maker and a few large Investors pumped and dumped a few days ago. Unexpectedly, after Pi2Day update, PI coins started flowing back from exchanges to the ecosystem for staking and other engagements.
They misjudged the situation and are trying to buy back the Pi they dumped by pressing the price down to buy low. But the demand keeps increasing at the $0.5 range,” he added.
For their part, MoonBitz pointed out certain bullish elements such as the formation of a double bottom holding, a wedge pattern tightening, and the launch of a Pi AI Studio to predict “a possible breakout.”
