#Pi Network’s Token Drops 77% to Near All-Time Low as 126.6 Million Coins Unlock in April

Pi Network’s token, PI, is nearing its all-time low, trading at $0.6722, just above its February low of $0.6152. The token has lost 77% of its value since reaching a peak of $2.98 in February, with a 25% drop in the past week. Analysts attribute the decline to the continuous unlocking of tokens, increasing supply while demand remains weak. Over 126.6 million PI tokens are set to be unlocked this month, adding to the 4.9 billion already in circulation. The network has been unlocking an average of 133 million tokens per month, with another 1.54 billion set to be released over the next year.
Obchakevich Research founder Alex Obchakevich said the drop in value was expected, stating, “Monthly unlocks exceed demand, which greatly affects the value of the token.” While some investors hope for a rebound, others remain skeptical due to the project’s limited liquidity and uncertainty over its long-term potential.