Pi Network’s native token, PI, has come under pressure in recent weeks, raising concerns over its price stability. With a 20% drop in just two weeks and looming token unlocks, several indicators suggest the token may face even more challenges ahead.
1. Massive Token Unlocks Increase Selling Pressure
Over the next 30 days, more than 335 million PI tokens are scheduled to be unlocked, with June 18 and July 6 expected to be the biggest release days. On each of these days, over 15.5 million tokens will become available for circulation.
This influx of unlocked tokens could drive increased selling pressure, as users who have waited months or years to access their assets may choose to sell.
While this does not guarantee a price crash, it introduces volatility and downward pressure due to the sudden increase in available supply.
2. Rising Exchange Balances Suggest Impending Sell-Off
The number of PI tokens held on centralized exchanges has surged, rising from approximately 310 million to nearly 340 million by the end of May. This shift signals a likely intent by holders to sell in the near future.
A higher exchange balance typically indicates that investors are preparing to liquidate, which may result in sustained downward price momentum.
Bitget leads with over 118 million PI held, making it one of the primary platforms where sell activity might spike.
3. Lack of Binance Listing Creates Uncertainty
Despite strong community support and a major vote in favor of listing PI, Binance has not moved forward with any integration or listing announcement. The platform’s silence has frustrated many in the PI community and created doubt about the project’s mainstream adoption.
Without support from top-tier exchanges, PI remains in a limited trading environment, impacting its liquidity and investor confidence.
Looking Ahead to Pi2 Day (June 28)
Some community members are hopeful that Pi2 Day (6.28) will bring positive developments or even a listing surprise. However, there is no confirmed news, and investors should prepare for the possibility that no major announcements will occur.
While Pi2 Day could offer a rebound opportunity, market fundamentals remain weak in the short term.
Conclusion
PI’s price outlook remains fragile due to large token unlocks, growing exchange balances, and limited exchange listings. Although hopes are pinned on Pi2 Day, investors should remain cautious and closely monitor market trends over the coming weeks.