PI Network is set to release 2.8 million tokens today. Amid a sharp drop in PI Coin's value, investors are closely monitoring the market's response to this development.
According to PI Scan, a real-time blockchain explorer, approximately 2.8 million tokens are being unlocked today. By April 2025, at least 108.9 million PI tokens will be unlocked. Over the next 12 months, more than 1,566,790,905 tokens will be unlocked.
The average monthly unlocking is 134,391,107.35 tokens. In December 2027, the PI market will experience the largest monthly unlocking with 432,305,091 tokens.
On February 20th, its price was $0.1071. Within the first seven days of being on the market, the token saw an impressive increase of 2,688.79%, briefly surpassing the crucial $3 mark.
However, since February 27th, the altcoin has been experiencing a gradual decline in its momentum. Between February 27th and April 4th, the price dropped by 81.58%. From April 5th, the market has been fluctuating between $0.4040 and $0.7894. Currently, PI is trading at $0.6174.
Token unlockings can have a significant influence on market sentiment and price movements, especially for new and volatile assets like PI. With 2.8 million tokens entering circulation today, short-term downward pressure is possible due to the increased supply.
While some investors may perceive unlockings as a dilution risk, others may see it as a sign of transparency and maturity of the project. Therefore, with over 1.5 billion tokens set to be unlocked in the coming year, market participants should closely monitor the impact of these events on liquidity, investor behavior, and price stability.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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