The crypto market has been cautiously flashing green in recent days, with several coins enjoying small rallies. But not Pi Network (PI). While others climbed, PI took a nosedive, dropping nearly 22% over the past week to its current price of $0.92.
Zoom out a bit further and the picture gets even uglier: Back in late February, PI was trading at $2.99. That’s a stunning 70%+ loss in less than a month. The trend is heading south fast, which leaves everyone wondering: What the heck is going on with PI?
Supply of Pi Network Is Exploding – And So Are Investor Nerves
One major culprit behind this price plunge? A tidal wave of new PI tokens hitting the market.
According to Pi Scan, almost 99.3 million new tokens will be unlocked over the next 30 days. That’s roughly $91 million worth of fresh supply about to flood the ecosystem. Spoiler alert: this does not help prices go up.
And here comes the main event: On April 3rd, Pi will experience its largest unlock ever, with 6.8 million tokens hitting the market in a single day. But wait, there’s more!
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In April, 115 million tokens will be unlocked.
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In May, that jumps to 182 million.
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And by June, brace yourself for 222 million new tokens.
You don’t need to be an economist to connect the dots. Basic supply and demand logic says: when supply skyrockets and demand doesn’t, prices drop like a rock. And judging by the chart, investors are already pricing in that reality.
Community Doubts and Unanswered Questions
It’s not just tokenomics that are stressing people out—confidence in the Pi project itself is wobbling.
Many users were hoping for a Binance listing, which would’ve injected much-needed legitimacy and liquidity. But so far? Crickets.
Meanwhile, questions about Pi’s decentralization are getting louder. Unlike most modern blockchains that rely on a network of independent validators, Pi’s “SuperNodes” are controlled by the Core Team—not exactly the open, decentralized dream people were promised. Even worse, the criteria for selecting these nodes remain a mystery.
Conclusion: Trouble in Pi Paradise
So here’s where we stand:
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Token supply is ballooning at record spee
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Community confidence is fading
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And the project’s decentralization looks questionable at best
Unless Pi Network can pull a serious rabbit out of its digital hat—like a surprise listing or a sudden spike in utility—this token may keep spiraling downward. And fast.
Investors, keep your helmets on. This ride isn’t over yet.
