Pi Coin Faces Downward Pressure as 223 Million Tokens Set to Unlock
Published:
2025-04-23 04:44:49
[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News - Pi Coin (PI) is trading marginally higher but remains range-bound near $0.66 as investors anticipate significant selling pressure from upcoming token unlocks. The initial release of 5.8 million PI tokens today kicks off a 30-day unlock period that will flood the
market with 223 million additional coins. Analysts warn this supply surge could outpace demand, potentially driving prices lower. The cryptocurrency’s stagnant price action reflects trader concerns about dilution risks, with no immediate market catalysts to absorb the incoming liquidity glut.
By:
|Square
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