With 318.7 million Pi tokens set to be unlocked by the end of December, the price remains steady at around $0.22. Could this unusual resilience hint at an imminent major breakout? On-chain data and recent technical advancements indicate that Pi Network may surpass crucial thresholds in the coming weeks.
Pi Network is currently experiencing its most intense unlock phase since launch, with 145.7 million tokens released in November and 173 million more scheduled for December. In a typical crypto market, such expansion of circulating supply usually triggers significant selling pressure. Yet, Pi Network price maintains remarkable stability between $0.18 and $0.22, currently hovering near $0.22.
This unusual price action is catching the attention of traders who see it as a consolidation signal before a breakout. The resistance zones between $0.30 and $0.35 represent the next technical targets. If this barrier yields to buying pressure, technical analysts anticipate acceleration toward $0.50, or even beyond if momentum amplifies.
The real question remains: what justifies this market confidence despite the imminent dilution? The answer lies in the accumulation of fundamental catalysts converging simultaneously.
On-chain data reveals that all technical indicators point toward an imminent launch of Pi Network’s decentralized exchange. Proposal 20 has been approved by the community, Multisig 15 executed, and the DEX smart contract is now unlocked. Activation probabilities between November 20-22 range from 82.7% to 92.4% according to estimates based on on-chain transaction analysis.
The importance of this launch goes beyond mere technical functionality. Currently, Pi trades primarily on markets with low liquidity and limited transparency. The DEX activation will introduce transparent price discovery, measurable liquidity pools, and verifiable trading conditions.
Historically, blockchain projects that transition from a closed environment to a complete DeFi ecosystem experience significant price movements. The DEX will also allow developers to create trustlines, establish liquidity pools, and deploy custom tokens, considerably expanding the network’s utility.
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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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