With Pi Network’s (PI) token unlock schedule picking up its pace, crypto market watchers are closely monitoring the $0.60 support territory. While the open-source network’s native Pi coin (PI) tumbled 60% over the past 30 days, major crypto exchanges remained elusive from listing the new altcoin, despite Pi Network already having a large following.
Slow Pi Coin Listing Action Takes Toll On Price
Pioneering the mobile crypto mining industry, Pi Network (PI) gathered over 113 million app downloads and currently unites nearly 70 million Pioneers, or Pi coin crypto enthusiasts. Out of these, over 10 million have migrated to the freshly launched Pi Network mainnet, while 19 million Pi Network users have done the Know Your Customer (KYC) procedure.
Trading at a price bound range between $0.66 to $0.71 in the latest 24-hour period, Pi coin price is closely edging the key demand zone for a potential price reversal, analysts note. For instance, Wealth Bernard explained that the demand level formed on February 20, 2025, when Pi Network (PI) transitioned into the mainnet.
Sponsored
Presently, Pi Network’s native crypto is looking at a 77% distance to the all-time high of $2.99. This price milestone was short-lived as the open-source mobile mining network has averaged an unlock of more than 4.4M Pi coins per day since the mainnet launch.
According to the chain’s data explorer, the next 30 days is promising another bumpy roller coaster ride for PI coin with over 132 million in token unlocks. While the sell-offs haven’t stopped yet, the mobile mining altcoin’s price is continuously on a downward slope, pushing Pi Network’s (PI) market capitalization under $4.5B for the first time since launch in February.
On The Flipside
- Several threads on Reddit suggested that the Pi coin community, popularly referred to as the Pioneers, are transparency & leadership changes amid rising centralization issues.
Why This Matters
Upon launch, the mobile crypto mining pioneer Pi Network immediately landed within the 15 largest crypto currencies around the globe by market cap.
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