Pi Network Price Under Pressure from Weak Demand and Token Unlock Schedule

The Pi Network price has been under pressure this week due to weak market demand and growing token supply. The PI coin traded between $0.12 and $0.13, close to recent lows and struggling to regain strength after its decline.

Over the past seven days, Pi Network's price dropped around 10%, highlighting ongoing selling pressure and reduced investor confidence. This is consistent with the broader cryptocurrency market, which has also remained weak. Bitcoin traded below $64,000, while Ethereum remained under $1,800. Other major cryptocurrencies like XRP, Solana (SOL), Dogecoin (DOGE), and BNB recorded modest losses.

The upcoming token unlock schedule is another concern for investors. Approximately 127.5 million PI tokens are set to be unlocked over the next 30 days, averaging 4.25 million tokens daily. The largest single unlock is expected on June 25, when 7.45 million PI will enter circulation.