After months of anticipation around Pi Network’s Open Mainnet progress, the project’s native token is now facing its toughest test yet. With a massive token unlock looming and confidence shaken by unresolved integration issues, market watchers are wondering whether PI is setting up for a recovery — or heading for deeper lows.
PI Network Price Keeps Dropping
Pi Network’s (PI) price dropped over 3.6% on Wednesday, extending its monthly decline to nearly 16.91% amid a broader crypto market sell-off.
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The token is now trading just 5.39% above its all-time low of $0.4012, reached in early April 2025. With such a narrow buffer, traders are questioning whether a rebound is even realistic or if more pain lies ahead.
Heavy Token Unlock Looms Over PI Network Price Action
Pi Network is facing increasing pressure as August approaches. Over 156 million PI tokens are scheduled to be unlocked over the next 31 days.
Historically, large token unlocks like this have introduced significant downside risks, especially when they flood the market without matching demand.
Technical Indicators Show Ongoing Weakness
As of now, PI is trading around $0.4209, remaining below the 20-day moving average ($0.45), which signals continued short-term bearishness.
Since hitting a high near $3.50 in March 2025, the token has steadily declined, forming a consistent pattern of lower highs and lower lows—characteristic of a prolonged downtrend.
Meanwhile, the Relative Strength Index (RSI) sits at 35, showing that sellers still dominate the market.
Why This Matters
Without a significant influx of demand to absorb the upcoming token release, PI’s price is likely to remain under pressure or continue moving sideways. A retest of lower support levels is highly possible before any sustainable recovery can begin.
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People Also Ask:
Pi Network is a blockchain project that aims to make cryptocurrency mining accessible via mobile phones, without heavy energy use.
Pi Network is in its “Open Mainnet” phase, but full public Mainnet access has not been officially launched yet.
Pi Coin is intended to be used as a peer-to-peer currency within the Pi ecosystem for goods, services, and decentralized applications (dApps).
Pi Network has a large community and growing ecosystem, but it remains in development. Caution is advised until Mainnet and token listings are finalized.
