Pi Network Faces Price Decline as Millions of Tokens Enter Circulation

The price of Pi Network’s native cryptocurrency, Pi, has experienced a significant drop recently—leaving many investors and community members questioning the cause behind this unexpected downturn. The answer, however, appears to be rooted in basic supply and demand dynamics, compounded by recent token unlocks and growing activity on centralized exchanges (CEXs).

As millions of previously locked Pi tokens are released and begin entering circulation through CEXs, the available supply has surged—while demand remains relatively steady. This imbalance has led to downward pressure on Pi’s market price, which some analysts predict may fall further in the months ahead unless corrective actions are taken by the Pi Core Team (PCT).

Why Is Pi’s Price Falling? Understanding Supply and Demand

The foundational principle of pricing in any market, particularly in cryptocurrency, revolves around the simple equation: Price = Demand / Supply. When supply increases at a pace faster than demand can keep up, prices naturally decline.

This is precisely what is happening with Pi Network. Over the past few weeks, large volumes of Pi tokens have been unlocked and made transferable. Much of this new supply has found its way onto centralized exchanges, where liquidity is higher and sell-offs are easier for holders looking to secure profits or exit positions.

These unlocked tokens, no longer restricted by vesting schedules or migration delays, have been rapidly listed and traded on platforms such as HTX, BitMart, and others that have unofficially listed Pi despite warnings from the Pi Core Team. As these tokens continue to flood the market, the increased availability is driving down Pi’s price.

A Growing Circulating Supply and Market Concerns

Although the exact number of unlocked tokens has not been officially confirmed, community estimates suggest that tens of millions of Pi coins have become available in the past few weeks alone. This surge in circulating supply has coincided with a sharp decline in Pi’s value—falling from previous highs of over $1.00 to current levels hovering just above $0.40.

Market observers caution that without intervention or an uptick in demand, Pi could fall further in the near future. Projections from crypto analysts suggest a possible decline to $0.30 by mid-2025, particularly if additional token unlocks continue without corresponding increases in ecosystem utility or investor interest.

What Role Can the Pi Core Team Play in Stabilizing the Market?

The Pi Core Team, which oversees the development and governance of the Pi Network, now faces growing pressure from its community to implement measures aimed at price stabilization.

Several potential strategies have been discussed among Pioneers and analysts, including:

• Temporarily slowing the rate of token migration to reduce the supply shock

• Increasing incentives for Pi utility within the ecosystem, such as e-commerce integrations, developer grants, and app-based use cases

• Accelerating efforts to open the official Open Mainnet, allowing for more regulated listings and liquidity control

• Improving communication and transparency with the community regarding tokenomics and supply forecasts

Thus far, the Pi Core Team has maintained a cautious approach, prioritizing network security and decentralization over market price movements. However, as user adoption grows and real-world use cases continue to emerge, maintaining price stability may become an equally vital component of long-term success.

Short-Term Volatility vs. Long-Term Potential

Despite the recent downturn, many long-term Pi believers remain optimistic. They point to the project’s growing user base—now exceeding 60 million registered users worldwide—and ongoing efforts to build decentralized applications (dApps) that can generate real utility for the token.

According to some projections, the price of Pi may begin to recover by late August 2025, particularly if the Open Network phase launches successfully and new exchange partnerships are formalized. Historical patterns in crypto markets suggest that coins which survive their early volatility often emerge stronger, provided they deliver consistent utility and community support.

Still, it is important to approach such forecasts with caution. As the cryptocurrency landscape is highly speculative and sensitive to news, sentiment, and macroeconomic conditions, any number of external factors could affect Pi’s future price trajectory.

Lessons for the Pi Community and Investors

The ongoing price decline presents both a challenge and an opportunity for the Pi Network community. On one hand, it serves as a reminder of the inherent volatility in cryptocurrency investing—especially for projects still transitioning from closed development phases to full mainnet functionality.

On the other hand, the situation highlights the importance of sustainable tokenomics, transparent communication, and community education. By understanding the mechanics of supply and demand, as well as the potential consequences of premature token unlocking, both the Pi Core Team and the community can better navigate the path ahead.

If you are still wondering why Pi's price is down today, it's because millions of unlocked Pi are now flooding the CEXs.

I have been saying this all along, the available circulating supply on CEXs dictates the price of Pi since:

Price = demand/supply.

Unless the PCT… pic.twitter.com/IblIpVv3Mq

— Dr Altcoin (@Dr_Picoin) April 15, 2025

For now, the key takeaway for investors is to remain vigilant. Monitor market conditions closely, consider the long-term vision of the project, and avoid making investment decisions based solely on short-term price movements.

Final Thoughts: What Comes Next for Pi?

With the token’s price under pressure and investor sentiment wavering, the next few months could be pivotal for Pi Network. Whether it stabilizes and regains momentum will depend largely on how the Core Team responds to these emerging challenges and whether the broader community continues to believe in the project’s utility-driven future.

Until then, Pi’s journey serves as a real-time case study in modern token economics—a reminder that even the most popular crypto projects are not immune to the fundamental laws of supply and demand.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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