Pi Network Braces for Volatility as 304.7M PI Tokens Flood Market in July Unlock

Pi Network investors are preparing for significant price swings as the project initiates a 30-day release of 304.7 million Pi tokens starting July 4. The largest single-day unlock of 19.39 million tokens occurred on July 4, representing the highest monthly supply increase in Pi Network's history.

PI's price currently trades between $0.40 and $0.50, facing immediate resistance at $0.55 and stronger barriers NEAR $0.65. Support levels stand around $0.39, with more substantial support at $0.30. The token has already declined 13% this week and 35% over the past six months.

Analysts warn the supply surge may create selling pressure if demand doesn't match the influx. Outset PR's analysis indicates alternative cryptocurrencies could benefit from capital rotation during PI's liquidity event.