Pi Network’s Liquidity Stress Test: 620M PI Token Unlocks Loom Through 2025

Pi Network faces a crucial liquidity challenge as 620 million Pi tokens are scheduled to unlock between August and December 2025. The mobile-mining project's ecosystem shows signs of strain following a 25% price drop after July's 337 million token release.

Daily migrations of 3-5 million tokens exacerbate systemic risks, highlighting fragile liquidity conditions. The upcoming unlock schedule reveals concentrated supply shocks: 139 million (August), 116 million (September), 93 million (October), 102 million (November), and 170 million (December).

Market depth appears inadequate to absorb these releases without significant volatility. The coming months will test whether PI Network's grassroots adoption can counterbalance the inflationary pressure from these historic token unlocks.