Pi Network Token Plunge: 2 Million Coins Dump Sparks Panic Sell-Off

Pi Network’s price teeters on the edge as a sudden flood of 2 million tokens hits exchanges—because nothing says ’decentralized utopia’ like a good old-fashioned whale dump.

Market braces for impact as early miners cash out, proving once again that in crypto, ’HODL’ is just a meme until someone triggers the exit liquidity.

TLDR

• The Pi Network price has dropped by over 53 percent from its monthly high.
• The price trades below key support levels, and technical indicators signal further downside.
• A bearish flag pattern has formed, and the coin has broken below its lower range.
• Over 2 million Pi tokens were moved to exchanges within 24 hours.
• Exchange inflows suggest that investors are preparing to sell their holdings.

The Pi Network price is under severe pressure as investor sentiment weakens. It fell sharply from its monthly high, losing over half its value in just two weeks. The coin trades at $0.7752, reflecting a 53% decline from its recent peak on May 12.

The sharp fall has pushed the PI Network price below its 50-period Exponential Moving Average (EMA), currently at $0.7910. A bearish flag pattern has also formed on the eight-hour chart, signaling a possible extended downtrend. The price has also breached the lower boundary of this flag, increasing the likelihood of further declines.

Technical indicators suggest a MOVE toward the $0.6584 support zone, the lowest point reached on May 17. If this level breaks, the next likely target could be $0.5545, around 30% below the current market price. Resistance lies at $0.8600, and a break above this could temporarily negate the bearish setup.

Pi Network Price Drops as Inflows Surge

Recent PiScan data shows a notable rise in exchange inflows, further weakening the Pi Network price outlook. In the past 24 hours, over 4.1 million Pi tokens moved into OKX, with net inflows totaling 1.88 million. Net deposits were also reported on Bitget and Pionex, with only MEXC and Gate recording net outflows.

Total inflows to centralized exchanges surpassed 2.04 million tokens in one day. This trend reflects a clear shift by investors from holding to selling positions. Historically, such moves have pressured the Pi Network price and signaled broader market caution.

More tokens entering exchanges often indicate reduced confidence in short-term price recovery. Increased selling volume could drive the Pi Network price even lower. Until outflows exceed inflows again, downside risks remain elevated.

Upcoming Token Unlocks Could Worsen Price Pressures

Adding to concerns, Pi Network will see primary token unlocks this week. Nearly 9.9 million tokens will unlock today, followed by 12 million tomorrow. On subsequent days, 15.2 million and 13.2 million tokens will be released.

Over 72 million tokens will unlock within a week, exerting potential selling pressure on the market. More than 280 million tokens are scheduled for release over the next 30 days. This influx may significantly affect the Pi Network price unless demand rises.

With 11.1 billion tokens already in circulation and a cap of 100 billion, oversupply concerns remain high. The market’s ability to absorb this supply will directly impact the Pi Network trajectory. Without increased demand, prices may continue to decline under the current pressure.