Pi Network Token Slides to $0.1453 as 82M PI Unlock Looms, Testing Key Support
Pi Network's Pi token price has declined to $0.1453, approaching its all-time low of $0.1305, as the market anticipates an 82 million PI coin unlock event. This release, valued at approximately $11 million at current prices, is part of a broader 206 million token circulation expansion scheduled for this month.
Year-to-date losses now exceed 90% since PI's peak, with March potentially bringing further downward pressure. While validator rewards will unlock additional supply, project developers confirm the validation system's testing phase is nearing completion without significant implementation hurdles.
Despite the current bearish momentum, potential catalysts for a price recovery remain undisclosed in the abbreviated report. The project's official X account (@Dr_Picoin) continues to provide stakeholders with updates on supply developments.
