Pi Network drops 16% to $0.08 record low as 103M token unlock looms

Pi Network fell 16% to $0.0814 on July 14, marking an all-time low as 103.7 million PI tokens are scheduled for release this month, nearly double the 76.7 million unlocked in June, according to Pi Scan data cited by BSCN.

"Pi Network is not listed on any major exchange — no Binance, no Coinbase, no Bybit — which severely limits liquidity and forces all selling pressure onto OKX and Bitget," said Frank Bevah, market analyst at CoinGape. "The token unlock creates a supply imbalance that demand cannot absorb."

Trading volume surged 169% to $21.8 million as holders rushed to exit positions, per CoinGecko data. The token has now lost 97.3% of its value from its $2.98 peak. The broader crypto market slipped 0.24% over the same period, with Bitcoin declining 0.32% to around $62,000, adding to selling pressure on smaller tokens.

The $0.092 support level is the last line of defense before deeper losses, with the next floor at $0.08. A sustained recovery above $0.11 would be needed to shift momentum, though the July unlock schedule — with additional releases expected through June 2027 — keeps the supply overhang in place. Pi Network's proprietary Know Your Business verification process has deterred major exchange listings, leaving the token confined to a narrow pool of buyers.

What the unlock means for supply dynamics

The 103.7 million PI tokens entering circulation this month represent a significant increase from June's 76.7 million release, which was valued at more than $7.5 million at then-prevailing prices. Monthly unlocks are expected to continue through June 2027, potentially adding tokens worth more than $60 million in total, according to Pi Scan data.

Early miners who accumulated tokens at no cost have little incentive to hold, and the absence of major exchange listings limits the buyer base. Only OKX and Bitget currently support PI trading, concentrating sell orders on two platforms and worsening downward moves.

The Relative Strength Index on the four-hour chart sits near 31.55, approaching oversold territory, though the RSI moving average at 29.30 points to continued weakness. The MACD has shown early signs of a bullish crossover, but both lines remain negative, suggesting any recovery would face strong resistance at $0.11. A break below $0.08 could expose the token to further declines toward $0.07, extending a slide that has already erased more than $2.8 billion in peak market value.

This article is for informational purposes only and does not constitute investment advice.