PI Token Hits Record Low as 150 Million Token Unlock Looms

Pi Network's native token, PI, has dropped to an all-time low of $0.35, raising concerns in the cryptocurrency market. This decline comes ahead of a planned release of 150 million PI tokens, worth approximately $64 million, which will enter circulation within the next month.

Technical indicators suggest continued downward pressure. The Aroon Down Line is at 100% on daily charts, indicating strong selling activity. A bearish MACD crossover reinforces this trend, with analysts identifying a potential double-top formation—a signal for further declines. Market sentiment remains neutral but leans bearish as RSI trends downward and support levels hover NEAR 3e-6.

Investor worries are compounded by rumors of an additional 276 million Pi token unlock. Without significant demand to offset the incoming supply, PI's price could face further declines.