PI Token Faces Selling Pressure Amid Massive Unlocks—Can the Rally Recover?

Pi Network's token price has dropped to $0.4561 amid a steep downtrend, primarily driven by a wave of token unlocks flooding the market. Between June 28 and July 15, 2025, over 337 million Pi tokens will be released, with July 4 alone seeing 19 million tokens—worth approximately $10 million—hit the market. This influx has triggered aggressive selling pressure as holders rush to liquidate newly unlocked assets.

The network's transition toward open mainnet and full utility remains a double-edged sword. While development milestones typically boost sentiment, the current supply-demand imbalance overshadows progress. Traders are now assessing whether the sell-off reflects short-term volatility or a structural recalibration as PI matures beyond its initial distribution phase.