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Pi Network’s PI Crashed to New ATL, But This Metric Signals More Downside Ahead

Pi Token Unlock Schedule. Source: PiScan

The previous a number of weeks haven’t been variety to the cryptocurrency markets. This pattern solely intensified on Thursday when all the market bled out, with a number of double-digit worth crashers.

Naturally, Pi Network’s PI token was not spared, and it dumped to contemporary all-time lows of underneath $0.135 (on CoinGecko). This meant that the asset has plunged by over 30% within the final month alone. On a broader scale, PI is down by greater than 95% since its all-time high marked on February 26, 2025.

Despite this huge correction, some members of the ever-vocal and optimistic Pi Network group tried to discover the silver linings. This one, for instance, outlined the skyrocketing PI transaction quantity, which, he believes, reveals “elevated curiosity in PI regardless of the manipulation video games performed by whales.”

This one was much more bullish, predicting a mind-blowing surge to $4 from the present dip within the first six months after the second Mainnet migration and as soon as outdated Pioneers (Pi Network customers and buyers) are performed promoting off.

More Pain to Come?

If we’re being real looking, it’s onerous to even think about such a rally occurring quickly. Not solely as a result of the general crypto market appears to be dominated by the bears, but additionally due to PI’s latest worth efficiency and the unlocking schedule for brand new tokens.

Data from PiScan reveals that nearly 8 million cash might be freed within the subsequent month on common. What’s much more worrying is the truth that this quantity will skyrocket to over 18 million on February 12 and to 23.6 million on February 13.

Such an enormous variety of tokens to be unlocked may lead to extra speedy promoting stress from buyers who’ve been ready a very long time for his or her holdings to turn out to be obtainable for buying and selling. This is especially true in such a time of panic.

Pi Token Unlock Schedule. Source: PiScan
Pi Token Unlock Schedule. Source: PiScan

The Good News

On the constructive aspect, the chart above demonstrates that the variety of unlocked tokens will decline after February 20 and can normalize, which might ease the promoting stress. Additionally, there are rumors circulating on-line that one of many largest and oldest exchanges, Kraken, may be planning to record Pi Network’s native token, which might increase its liquidity and legitimacy amongst buyers.

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