Pi Network Faces Major Price Pressure Ahead of April 19 Unlock Event

The Pi Network is bracing for increased volatility as 7.8 million Pi coins are set to be unlocked on April 19

The Pi Network is bracing for increased volatility with 7.8 million Pi coins set to be unlocked on April 19—part of a broader trend of daily token releases that has significantly impacted market dynamics.

According to crypto market analyst Dr. Altcoin, most of these newly unlocked Pi tokens are heading straight to centralized exchanges, increasing the amount of liquid supply available to sellers.

Surging Supply, Weakening Demand

According to Dr. Altcoin, about 6.8 million coins are unlocked each day, and most of them are immediately sold on exchanges, placing intense sell pressure on the market.

This glut of supply has outstripped current market demand, leading to price declines and failed attempts at rallying.

“The market is simply unable to cope with the overwhelming sell-side pressure,” said Dr. Altcoin. “Until the unlock pressure eases, it’s going to be difficult for Pi to find any sustainable upward momentum.”

However, there may be a sliver of hope on the horizon. Dr. Altcoin predicts that by late August 2025, the daily unlocking rate is expected to slow down significantly, potentially providing the much-needed respite for the market to stabilize and begin a gradual recovery.

“If the unlock rate drops and buyer interest starts picking up again, perhaps Pi can begin laying the groundwork for long-term growth,” he added.

According to data from Token Terminal, Pi Network has seen minimal activity in terms of on-chain development, which may be a concern for long-term adoption and ecosystem growth. Additionally, the majority of these unlocked tokens are expected to flow to spot exchanges, further pressuring the market in the short term.

Only time will tell if the Pi Network can successfully navigate this critical juncture and emerge with sustained price recovery and increased user engagement to match its vast user base.