Pi Network prices have recently been under continuous pressure. Against the backdrop of weakening technical signals, a key token unlock event is approaching. According to on-chain data, approximately 8.7 million PI tokens will be unlocked on December 25th, with a current value of about $1.76 million. This event is viewed by the market as a significant short-term risk factor that could trigger selling.
Looking back at the market trend, Pi Network reached a high of $0.279 in November but then quickly retreated, with a total decline of about 31% last week, dropping to a low of $0.192. Despite some buy-the-dip activity over the weekend, the price briefly rebounded to $0.214, but overall demand remains weak. Before macroeconomic data is released, market sentiment is cautious, and PI has fallen again to around $0.203.
PiScan data shows that this unlock is the largest in December. It is estimated that about 54.7 million PI tokens will enter circulation throughout December, with a circulating market value exceeding $11 million. The large increase in supply will weaken the token’s scarcity. Without sufficient buying support, this often exerts ongoing downward pressure on Pi Network’s price, which is one of the key risks investors are most concerned about.
From a fundamental perspective, the Pi core team has recently announced several developments, including plans to strengthen DeFi infrastructure and promote the application of Pi Network in real-world scenarios. If these initiatives can effectively increase user activity and ecosystem usage, they may help offset the selling pressure caused by the token unlock in the short term. However, the market remains cautious.
In terms of technical analysis, the daily chart of Pi Network has formed a classic double-top pattern, with the top near $0.285. The neckline support is concentrated between $0.192 and $0.196. The super trend indicator has turned bearish, and the MACD is still below the zero line, indicating weak market momentum. If PI breaks below the neckline support, the price could further decline to around $0.153, a drop of approximately 24%. Conversely, if the neckline support holds, the price may see a phase of recovery.
Overall, under the combined influence of the Pi Network token unlock, technical pressure, and cautious market sentiment, the short-term volatility risk for PI remains high. Investors should closely monitor the market response after the unlock and key support levels.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network restarts the migration, and 30 million Pi have been transferred into users’ wallets
Pi Network resumed mainnet migration after a pause, transferring about 30 million Pi tokens to users’ wallets, mainly targeting users who have completed KYC. The first migration has been completed, and a second migration is currently underway, with the core team emphasizing batch processing. Some false information appeared during the process; the official account has issued a clarification, reminding users to obtain information through official channels.
MarketWhisper11h ago
Pi Network version 21 released; mainnet RPC and smart contract acceleration are advancing
Pi Network released version 21 on April 9. The key update is that the testnet RPC has officially gone live, providing developers with a secure environment to test smart contracts and DApps. Next, smart contracts are expected to be deployed within two months, enabling Pi幣 to transition from a community token into a functional digital asset and to support DeFi applications and automated workflows, while also advancing the KYC migration to ensure compliance.
MarketWhisper16h ago
Pi Network Launches RPC Server on Testnet for Smart Contracts
Pi Network has introduced a new tool for developers. The project has launched an RPC server on its testnet. This update is an important step toward building smart contracts and real applications on the network
For now, the feature is only available in the test environment. Still, it shows that Pi
Coinfomania16h ago
Pi Launchpad 12 Grid testnet launch, pioneer token distribution completed
Pi Network recently launched a token distribution test for the Pi Launchpad. More than 300k users participated, staking 24 million Test-Pi. The core architecture “12 Grid” enables end-to-end token delivery, and all transactions are publicly verifiable. This test confirmed the system’s feasibility and paved the way for a future official launch. The upgrade roadmap includes the PiRC1 framework and Protocol 23, which will be rolled out in April and May, respectively.
MarketWhisper04-09 05:21
Pi Launchpad Testnet Begins 12 Grid Token Distribution Trial
Pi Network has taken another step toward building its ecosystem. A new update shows that its Launchpad feature has started testing token distribution on the testnet. This test uses a system called the “12-Grid.” While the name may sound complex, the idea is simple. It allows users to subscribe to a
Coinfomania04-08 18:02
Pi Launchpad Testnet launches 12-grid token distribution, Pi Network ecosystem takes a key step forward
Pi Network is testing its Launchpad functionality, introducing a “12-grid” token distribution system where users can obtain and verify tokens by subscribing to projects. Test results show the system is stable and supports future ecosystem development. Although it is still on the test network, it has already laid the groundwork for the project’s token distribution and smart contract applications. Overall, the project is moving toward a complete blockchain ecosystem.
GateNews04-08 09:51
