Pi Network’s price has continued its steep decline, approaching its lowest level on record as traders anticipate a major token unlock this week. The network is set to unlock 82 million Pi tokens over the next seven days, a development that could inject fresh supply into the market. Pi Coin (PI) was trading around $0.1450 on Sunday, still well off its all-time high and down more than 90 percent from that peak. The unlock, along with the broader rate of supply increase, could weigh on near-term price, even as some investors await potential catalysts.
Analysts note that the unlocks come from existing holders converting tokens to liquid assets as the ecosystem prepares for further milestones. About 206 million Pi coins are slated to come online this month, with additional revisions in March when validator rewards are issued. A large portion of unlocks is expected to flow to centralized exchanges, potentially impacting liquidity and trading dynamics. The project has a notable bullish catalyst in Kraken’s inclusion on its roadmap, which could lay the groundwork for a future exchange listing.
On the chart, Pi has remained under downward pressure, slipping below key support levels such as $0.1520. Technicals show the coin trading beneath the 50-day and 100-day moving averages, with the RSI lingering near oversold territory. While the current setup suggests continued weakness in the near term, a break above the $0.1520 resistance could open room for gains. Investors will also watch for how validator rewards issuance in March affects circulating supply and market sentiment.
In this environment, the Kraken listing remains a pivotal potential catalyst that could broaden Pi’s reach and liquidity if confirmed. Market participants should monitor token unlock schedules and exchange flows as a signal of price trajectory in the weeks ahead. Overall, Pi’s price action appears dominated by supply dynamics around unlocks and the prospect of exchange support rather than fundamental user growth.
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