Pi Coin Plummets to Record Low of $0.35 as Token Unlock Looms – Is the Hype Over?

Pi Coin just face-planted into its worst price ever—$0.35—as investors brace for a tidal wave of unlocked tokens. Here’s why the ‘next Bitcoin’ narrative might be unraveling faster than a DeFi rug pull.

### The Great Unlock Anxiety

Markets hate uncertainty, and Pi’s impending token release is serving up a buffet of it. Traders are dumping holdings preemptively—because nothing says ‘crypto wisdom’ like panic-selling at rock bottom.

### From ATH to ATL

Remember when Pi’s community swore it’d moon ‘any day now’? Today’s all-time low (ATL) is a brutal reminder that even the most viral projects can crater when liquidity floods the market. Spoiler: This is what happens when your tokenomics rely more on hopium than actual utility.

### The Cynic’s Take

Another day, another ‘revolutionary’ crypto asset proving that hype cycles expire faster than a VC’s attention span. But hey—at least the dumpster fire makes for good Twitter drama.

Technical Indicators Point to Bearish Trend

Technical indicators are bearish. The Aroon Down Line, which is a measure of the power of a downtrend, is 100 percent on the daily chart showing heavy selling pressure. MACD has also indicated a bearish crossover, as the MACD line moved below the signal line, a signal that’s classic that momentum lies with sellers.

for $pi, the chart shows a possible double top formation, indicating a potential reversal. the rsi suggests downward pressure, and the macd has a recent bearish crossover. key support is around 3e-6, with resistance at 6e-6. the outlook is neutral with a slight bearish bias. pic.twitter.com/kTdxf7hppP

Worse still, indications are that another token unlock with 276 million PI tokens might be on its way. This further alarms investors, given that an earlier unlock of 8 million tokens in May 2025 was associated with a 25 percent decline in value.

With little trading activity and lower liquidity, PI cannot even absorb such a huge supply increase.

The Risk of Whale Concentration

Concentration of holdings is also an issue. The top 100 wallets now control more than 96 percent of the circulating supply, which raises the risk of sudden price movements as a result of whale activity. Thin exchange liquidity also increases this risk.

There is a slim possibility of short-term relief. The Relative Strength Index (RSI) is 24 marginally above the 30 level that indicates oversold conditions. If RSI goes lower and buyers re-emerge, a short-term rebound towards $0.46 may be possible. 

There has not yet been any public statement from Pi Network founders Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. Their silence, combined with increasing uncertainty, is making investors nervous as the token enters one of its most pivotal moments so far.

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