Pi Network Price Under Pressure: Key Factors Driving the Current PI Volatility
Pi Network (PI) is experiencing significant volatility as structural supply changes intersect with its ongoing ecosystem rollout. Currently trading at $0.4561, the token remains in a steep downtrend, weighed down by massive token unlocks flooding the market with 337 million Pi through mid-July.
On July 4 alone, 19 million PI (worth approximately $10M) were released—marking the largest daily unlock until 2027. This oversupply has triggered sell-offs, while on-chain data reveals concerning whale activity further exacerbating the decline. The network's progression toward open mainnet now depends on balancing circulating supply with sustainable demand.