Pi Network’s PI Token Under Pressure as 149 Million Token Unlock Approaches in September

[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN] PI News - Pi Network's native token PI continues its downward trend, nearing its all-time low of $0.322 as the market prepares for a significant token unlock event in September. The release of 149 million tokens—valued at approximately $50.71 million—threatens to increase selling pressure in an already fragile market environment. Trading volumes have shown consistent decline since mid-May, according to Artemis Terminal data, indicating diminishing investor interest. Historical PiScan charts demonstrate a clear pattern where previous unlock events correlated with price declines, suggesting potential repetition of this trend. Market makers are adopting defensive positions ahead of the September unlock, with liquidity metrics showing concerning contraction. While some traders believe the MOVE event might help mitigate downside risks, the combination of increasing token supply and decreasing demand creates a classic bearish setup. The network now faces the critical challenge of demonstrating sufficient utility to absorb the incoming token supply without further depressing valuations.