Pi Coin Struggles With Token Unlocks and Market Pressure, Yet Bulls Eye $5 Recovery
Pi Coin continues to face significant selling pressure as daily token unlocks increase market supply. This week, the project released 11 million tokens, with an additional 228.5 million set to unlock over the next 30 days—fueling sustained downward momentum.
The token has emerged as a top underperformer, ranking among the week’s biggest losers with a 15% drop, while most cryptocurrencies experienced only minor declines. This sell-off aligns with mounting macroeconomic challenges, including the first negative U.S. GDP report since Q1 2022 and escalating U.S.-China trade tensions.
Despite bearish technical indicators, some traders remain optimistic, targeting a $5 price point and viewing current levels as a buying opportunity. Pi Coin’s absence from mainstream ’best crypto to buy’ lists highlights its liquidity challenges and ongoing supply glut.