Losing more than 50% over the last week, Pi Network's native cryptocurrency Pi Coin

is stabilizing around $0.70. However, dark clouds still loom as 5.7 million Pi tokens unlock today, increasing supply and putting additional downward pressure on the altcoin's price.

The price of Pi Network’s native cryptocurrency, Pi Coin (PI), has been stabilizing around $0.70 after losing more than 50% over the last week. However, dark clouds still loom large as 5.7 million Pi tokens are set to unlock today, May 19.

This fresh batch of coins is set to increase the overall supply and put additional downward pressure on the altcoin’s price.

On the other hand, the total number of Pi Coin deposits on the exchanges has touched a new high.

Market data reveals that the number of PI coins held in exchanges has climbed to a record-breaking 397 million.

This increase in exchange holdings could rise even further following today’s scheduled token unlocks, which are expected to add more coins to the total supply and might encourage more selling activity.

Meanwhile, crypto analysts are keeping a close eye on any development and selling activity.

On Thursday, a well-known crypto influencer, Dr. Altcoin, expressed serious concerns about the transparency of the Pi Core Team.

According to him, the team manages more than 10,000 wallets and sub-wallets, but only the seven largest wallets are easily traceable by the Pi community.

Highlighting the absurdity of the situation, Dr. Altcoin pointed out that certain members of the Pi community, known as Pioneers, are defending the Core Team and claim they have not sold any Pi tokens.

“A person with the right mindset would first demand accountability and transparency,” he stated, urging the community to prioritize self-interest and collective accountability over blind trust.

The Pi Core Team has yet to respond to these allegations.

The announcement of the $100 million launch of Pi Network Ventures has been met with disappointment by the community.

Although the Pi Core team has asked developers and startups to build decentralized applications (dApps) on the network, the overall Pioneer community feels betrayed.

The Pi Network founder Nicolas Kokkalis made a notable public appearance at Consensus 2025 on May 16. However, during the same period, Pi Coin dropped another 18%, showcasing the community’s decreasing confidence.

Is Binance Finally Listing Pi Network’s Token?

The Pi Network community has been actively advocating for a listing on major exchanges such as Binance. In February, a community vote revealed that 86% of participants voted in favor of listing Pi Coin (PI).

However, the lack of progress in securing a listing has sparked fresh concerns about the network’s credibility. Binance, known for its stringent evaluation process, has yet to approve the listing of Pi Coin.

The post 5.7 Million Pi Tokens to Unlock Today, Fresh Batch Adds to Existing Supply and Might Affect Price Further