Pi Network’s Crucial June: $264M Token Unlock and Domain Renewal Test Amid Price Volatility

Pi Network faces a pivotal June as its token trades around $0.75, significantly below February’s peak of $1.50. Daily trading volume now stands at $135 million, a stark contrast to the $1.7 billion frenzy during its all-time high.

Market dynamics highlight growing pressure. "Supply-demand imbalance always prevails," notes a Singapore-based crypto analyst. With 264 million PI tokens (worth approximately $264 million at current prices) set for release this month, investors are preparing for potential dilution effects.

Technical uncertainties compound the situation. June also brings the expiration of Pi Network’s primary domain registration, though developers assure renewal plans are underway. These operational details gain importance as regulators intensify scrutiny of asset-backed blockchain projects.