Pi Network’s PI Token Braces for Volatility as 156 Million Tokens Unlock in August
Pi Network's token (PI) faces increased volatility with 156 million tokens—worth roughly $68 million—set to unlock in August. This event adds to existing supply pressures as the altcoin struggles to sustain momentum amid declining buying interest.
Currently priced at $0.43, PI has lagged behind the broader crypto market rally, hovering dangerously close to its all-time low of $0.40. Technical indicators point to ongoing bearish sentiment, with the Accumulation/Distribution line showing persistent sell-side pressure.
The token's failure to absorb monthly unlocks—over 250 million Pi entered circulation this month alone—reveals structural weaknesses. Traders are now eyeing a potential breakdown below the $0.40 support level, which could accelerate downward momentum.
