The pace of Pi Network token unlocking has once again drawn market attention. According to PiScan data, an estimated 127.5 million PI tokens will enter circulation over the next 30 days, averaging approximately 4.25 million tokens unlocked per day. With the increase in available tokens, the market is assessing whether this new supply will continue to suppress price performance.
The scale of unlocking over the next 30 days is attracting attention.
The total amount of PI currently locked is approximately 6.17 billion. According to PiScan's statistics, the unlocking value over the next 30 days is approximately $10.5 million, with the highest daily unlocking amount during the tracking period being approximately 103 million PI.
However, unlocking does not equate to immediate selling. Some holders may continue to hold, re-lock their tokens, or use them within the Pi ecosystem. Therefore, the actual selling pressure entering the market may not perfectly match the unlocked amount.
New supply may continue to affect prices
The reason token unlocking is attracting attention is primarily because it increases circulating supply. If new supply grows faster than demand, prices are usually more likely to be under pressure.
Some crypto analysts believe that PI's long-term unlocking schedule could continue to generate selling pressure in the coming years. According to their estimates, the cumulative unlocked value from now until June 2029 could reach approximately $505 million, with about $171.3 million unlocked in the next 12 months. This view suggests that if the price rises, the dollar value corresponding to subsequent unlocks will also increase, potentially strengthening the selling intentions of some holders.
The market is also paying attention to short-term support levels.
Some analysts have noted that PI has rebounded from its recent low of $0.0751, showing some short-term recovery, with buying support temporarily appearing around $0.07. Another trader pointed out that the $0.075 to $0.078 range is currently a key support area to watch in the market.
If buying pressure continues to hold within this range, market sentiment may stabilize; however, a break below this area could amplify volatility and selling pressure. Currently, the market is more focused on trading volume and price action than on short-term sentiment shifts.
Going forward, the trend of PI will largely depend on two factors: the speed of the new supply release after unlocking and whether the demand for ecosystem usage can expand simultaneously. If increased demand can absorb the new circulation, price pressure may ease; if demand remains weak, the subsequent unlocking pace may continue to affect market performance.
