**Pi Network Faces Looming Selling Pressure**
Pi Network’s native token is under pressure as over 160 million PI tokens are set to be unlocked this month. Recently, millions of tokens have been moved to exchanges, potentially increasing selling pressure. While some community members hope for a price rise to $3.14 or even $314, analysts warn that a drop to $0.314 is more likely.
On April 5, PI hit an all-time low of under $0.40 but briefly surged to almost $0.75 before stabilizing at $0.57 amid a broader market downturn. A significant factor contributing to potential price declines is the scheduled token unlocks. Almost 1.5 million PI tokens will be released today, April 8, with over 160 million expected by the end of the month, valued at approximately $92 million. The peak day for unlocks will be April 18, with 9.8 million tokens set to be freed.
Currently, PI’s circulating supply is about 6.8 billion tokens, with over 5.1 billion remaining as locked mining rewards. In the last 24 hours, 2 million tokens have reportedly been moved to exchanges, indicating a potential cash-out that could further drive down PI’s value.
Price predictions remain uncertain, with some speculating whether PI will first reach $0.314 or $3.14. While some optimists once imagined a surge to $314, such a valuation would require a market cap in the multi-trillions, a scenario deemed improbable at present.
