Pi coin is at a crucial juncture as a huge number of tokens are scheduled to be unlocked

From May 6, 2025, millions of Pi tokens will be unlocked each day. On May 6 alone, more than 10.5 million tokens worth approximately $5.87 million were unlocked.

The price of Pi coin (PI) may come under pressure in the coming days as a huge number of tokens are set to be unlocked, adding selling pressure to the market.

What Is Happening: From May 6, millions of Pi tokens will be unlocked each day. On May 6 alone, more than 10.5 million tokens, worth approximately $5.87 million, were unlocked.

Similar quantities will be released in the subsequent days, with more than 231 million tokens to be released in May and another 222 million in June. Altogether, more than 1.4 billion new Pi tokens, worth more than $850 million, will hit circulation within the next year.

These unlocks may prompt more individuals, especially those who received their initial token allocations early in the project, to sell their tokens, which could reduce the price if not balanced by increased demand.

Pi coin is trading at approximately $0.5802, down more than 80% from its all-time high of $3.38, according to Benzinga Pro. The coin has also had lower trading volume over the recent past and has stuck in a tight price range since early April.

This may indicate it is in the "accumulation" stage of the Wyckoff Market Cycle, a stage where investors quietly accumulate positions ahead of a potential breakout.

What Is Next: Pi Network has hit 120 million app downloads, showcasing the high user demand for the project.

Rumors are also swirling about possible exchange listings for Pi coin. HTX (formerly Huobi) has hinted at a possible listing, and Pi has been spotted on some test pages on Binance, although there has been no official confirmation yet.

A Binance listing would provide increased liquidity to the coin and attract more buyers, potentially pushing the price higher.

Some pioneers have very high expectations for Pi coin, with one going so far as to predict it will hit $314,159 by May 6, 2024, a truly staggering goal.

According to analysts, if Pi is able to overcome the resistance level of $0.7932, it might well make it to the $1 level, but the current market conditions make that a difficult prospect in the short term.

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