- Pi Community (PI) token price has plunged over 40% in a month, opposite to post-mainnet hopes.
- Upcoming $91M token unlock to flood market, worsening promote stress.
- The Pi Community workforce has rolled out updates to spice up the ecosystem, aiming to counter market woes.
PI, the native token of Pi Community, has been on a free fall over the previous month, shedding over 40% opposite to what the bulk anticipated, particularly after the mainnet launch.
This steep decline has caught buyers off guard, significantly because the broader cryptocurrency market reveals tentative indicators of restoration.
Sadly, the Pi Community, celebrated for its distinctive cellular mining mannequin that permits customers to mine tokens through smartphones, has struggled to translate its modern imaginative and prescient into sustained market worth.
A disappointing post-mainnet efficiency
The launch of the Pi Community mainnet was anticipated as a turning level for PI, with many anticipating it to bolster the token’s credibility and price.
As an alternative, the token has plummeted from a excessive of $2.99 in February 2025 to $0.9287 by March 25, 2025—a staggering 68.9% drop.
This downturn stands in stark distinction to the optimism that after surrounded the mission, fueled by its promise of accessibility and a rising consumer base.
Analysts level to persistent provide pressures and a scarcity of readability on main alternate listings as key contributors to this disappointing trajectory.
The looming PI token unlock problem
Including to the market’s unease is an imminent token unlock set to launch 99.3 million PI tokens over the following 30 days, valued at roughly $91 million at present costs. This interprets to a median of three million tokens flooding the market day by day, with a peak unlock of 6.8 million tokens scheduled for April 3, 2025.
Such a major inflow is prone to intensify promoting stress, threatening to push PI’s price even decrease.
Wanting additional forward, further unlocks in April, Might, and June—totalling 115.57 million, 182 million, and 222 million tokens respectively—solid a protracted shadow over the token’s near-term stability.
Technical indicators level to extra bearish tendencies
On the technical entrance, PI’s present price of $0.9287 hovers close to important ranges.
Notably, the quick assist lies at $0.70, whereas the resistance looms at $1.00.
The Bollinger Bands reveal a market dominated by sellers, with the price clinging to the decrease band.
The Relative Power Index (RSI) on the 4-hour chart, sitting at 35.87, underscores a bearish outlook although close to the oversold territory.
As well as, each shifting averages and the Shifting Common Convergence Divergence (MACD) reinforce this downward momentum.
A drop beneath $0.85 may see PI testing $0.70, although a breakout above $1.00 would possibly spark a rally towards $1.34.
Pi Community workforce’s efforts to bolster the ecosystem
Amid these challenges, the Pi Community workforce has not remained idle. A latest replace permits PI holders to view their tokens inside an official Telegram pockets, albeit with restricted options for now.
🚨 BREAKING: Now you can see $PI in Telegram’s official pockets 🚀
⚠️Situation:
• You may solely purchase, promote, or retailer $PI within the pockets.
• You will be unable to ship $PI to your Telegram contacts, withdraw it to an exterior pockets, or obtain it from anybody. ❌#PiNetwork pic.twitter.com/z0jI2dWqlL— Pi Information (@PiNewsMedia) March 25, 2025
The workforce additionally prolonged the PiNet migration grace interval to Might 28, 2025, giving builders extra time to safe domains with out aggressive bidding.
These strikes, although but to bear fruits, sign an intent to reinforce accessibility and encourage developer involvement, probably laying the groundwork for a stronger ecosystem regardless of the present market turmoil.
The submit Upcoming $91M token unlock provides to Pi Community market woes appeared first on CoinJournal.