PI Token Faces Selling Pressure Ahead of Major Unlocks, But Pi2 Day Could Spark Recovery

Pi Network’s native token, PI, is experiencing significant selling pressure as its price lingers around $0.74—marking a 37% decline over the past two weeks. This downturn aligns with upcoming token unlocks, including a substantial 14 million Pi release today. Analysts predict continued volatility but suggest a potential rebound by Pi2 Day (June 28), with price projections ranging from $1.2 to $2.

Market observers, including PI Barter Mall, warn that a ’waterfall’ of newly unlocked tokens may sustain downward momentum. However, the Pi community remains optimistic, viewing Pi2 Day—a date symbolically linked to the mathematical constant—as a potential bullish turning point. With nearly 276 million PI set to enter circulation within the next month, investor resilience will be tested amid current liquidity constraints.