#PI# Pi Network (PI) Price Analysis: A Large Number of Tokens Unlocking Forms a "Supply Bomb", Technical Indicators Shift into Bearish Territory

Today (9th) in the Asian late trading session, the price of Pi Network (PI) has slightly recovered, currently reported at 0.4644 USD. The potential of Pi Network is enormous, but it is facing turbulence. Despite the large community size, the price of Pi coin remains stagnant and has even fallen. Issues such as token issuance, lack of official launch, and doubts about token economics are causing market uncertainty.
Massive Token Unlocking: Supply Explosive Growth
Pi coin has recently experienced a concerning fall. In fact, this has raised many questions among the investor and developer community. This volatility can be partly attributed to structural changes in the network supply dynamics.
As Pi Network enters a critical phase of deployment, network layer events and on-chain activities are significantly impacting its market behavior. These fluctuations reflect the broader challenges faced in balancing supply and demand in an increasingly mature network, as the network moves towards an open mainnet and full practicality.
The main reason for the fall of Pi coins is the large-scale token unlock currently taking place.
From June 28 to July 15, 2025, over 337 million PI tokens will be released into the market. This sudden token release has caused an oversupply and put downward pressure on prices. This is the largest unlock before 2027, marking a critical period for Pi coin holders.
On-chain data shows that large wallets are transferring to exchanges like Gate, which is concerning as it may indicate insider selling. Additionally, the increase in seller liquidity could continue to put pressure on the PI coin.
The fundamental price of Pi Network is still too weak.
The community has expressed numerous concerns. Despite promises, PI has not yet been listed on mainstream exchanges, which limits its accessibility and investor confidence. Hype activities like Pi2Day have also failed to bring about the anticipated price increase, and actual use cases are still in the early stages.
Additionally, the technical indicators have entered the bearish zone, suggesting a potential continuation of the fall. Although Pi may experience a brief rebound phase, its price trend remains unclear, hovering between consolidation and new downward pressure.