Crypto: Pi Network Faces Tension Ahead of Its Largest Token Unlock

Pi Network is entering an unstable period. On July 4th, a massive influx of tokens will inflate the available supply in an already pressured market. Falling for six consecutive days, the PI crypto struggles to convince, especially as the Pi2Day announcements left investors wanting more. Between community disappointment and upcoming tensions, the project has a lot at stake in the coming days.

A Historic Unlock That Weighs on the Price

While the two new features announced during Pi2Day on June 28 raised great hopes, on July 4, Pi Network will undergo one of the most sensitive events in its economic calendar: the unlocking of 19.2 million Pi tokens, according to PiScan data.

This event marks the start of an especially busy month for the project, with 268.4 million tokens gradually being released throughout July. It will be the “largest monthly unlocking until October 2027”. In an already tense market, this kind of sudden supply increase raises fears of a massive token influx on crypto trading platforms, with a bearish impact expected.

At this stage, the crypto market’s reaction leaves little doubt about the prevailing nervousness. The PI price dropped 3% this Tuesday, marking a sixth consecutive session in the red, slipping below the $0.50 threshold for the first time. The signal is clear for technical analysts: the momentum remains strongly bearish, with several critical levels:

• $0.5031: key technical threshold, whose breach would mark the lowest point since February 20 (OKX listing day);
• $0.4711: support level tested on June 22, threatened in the very short term;
• $0.40: historic floor already visited on April 5 and June 13, which could again serve as a target zone if the downward trend accelerates.

The current configuration fuels the prospect of an unfavorable massive token influx, in a context where selling pressure seems to be overpowering the hope for solid project foundations.

Pi2Day and Technical Announcements Tested by the Market

Last Saturday, on the occasion of the much-anticipated Pi2Day, the Pi Network team unveiled several innovations aimed at strengthening the ecosystem, including the launch of Pi App Studio, a no-code platform powered by AI.

Happy Pi2Day 2025! Today, Pi has introduced two exciting features to the ecosystem and provided various tech and product updates. First, Pi App Studio is an AI-powered platform that enables anyone to create Pi apps without coding—created to solve problems the world faces as AI… pic.twitter.com/6ZiVefdYsZ

— Pi Network (@PiCoreTeam) June 28, 2025

This interface aims to allow developers, even non-technical ones, to easily create decentralized applications within the Pi universe. The network has also implemented a staking feature in the Ecosystem Directory, allowing users to stake their tokens to improve the ranking of applications on the mainnet.

Despite these efforts, the announcements did not have the expected effect on the market. The launch of Pi App Studio on Pi2Day failed to revive bullish sentiment.

From a technical perspective, the indicators leave little room for optimism. The MACD is approaching an imminent bearish crossover, while the RSI, at 36, dangerously slides toward the oversold zone, signaling excessive selling pressure. The market seems to ignore fundamentals, focusing on technical signals and risks related to unlocks.

In the short term, the combination of a weakened market sentiment and a heavy unlocking schedule could intensify the downward spiral. If Pi Network wants to avoid a more pronounced collapse, clear support from its community or fundamentally positive news will be essential. Otherwise, July could prove to be a painful turning point in the trajectory of a project that still struggles to convince beyond its massive distribution model.