Pi Network (PI) Braces for Volatility as Token Unlocks Threaten Price Stability

Pi Network (PI) is facing increasing bearish pressure despite social media HYPE around AI-driven optimism. The token is currently holding at the $0.477 support level, but market indicators suggest this level is fragile. A breakdown could push PI toward its all-time low near $0.40.

The scheduled July unlock of 300 million Pi tokens is adding downward pressure. Historical data shows Pi Network has struggled to handle similar supply shocks, with demand consistently lagging behind new token releases. PiScan's on-chain metrics reveal a growing disparity between token issuance and market absorption—a trend that jeopardizes short-term price stability.

Unverified bullish claims from influencers like 'Pi News,' promising 'the largest green candle in crypto history,' lack fundamental backing. These speculative narratives clash with the network's tangible challenges, creating a credibility gap that erodes investor trust.