PI Token Braces for Historic 19.2M Unlock as Price Tests $0.50 Support

Pi Network's Pi token has fallen below the $0.50 psychological level ahead of a pivotal 19.2 million token unlock on July 4—the largest single-day release in project history. While the event raises concerns about immediate selling pressure, on-chain analysts note strong accumulation patterns that may signal a bullish reversal.

Traders anticipate volatility as unlocked tokens gradually enter circulation through mid-July. Blockchain data reveals a divergence between short-term liquidity risks and long-term potential, with prominent crypto commentators highlighting bullish technical setups and suspected whale activity during the recent dip.

The 8% weekly decline in PI price contrasts with broader crypto market gains, positioning this unlock as a crucial stress test for organic demand. Market structure suggests a potential make-or-break moment for PI's valuation trajectory.