Pi Network Could Face Pressure as Token Unlocks Loom

Pi Network is under the spotlight this week as millions of PI tokens are set to unlock over the next few days — a move that could increase short-term selling pressure

Pi Network, the cryptocurrency developed by a team of Stanford University researchers, is coming under the spotlight this week as millions of PI tokens are set to unlock over the next few days.

What Happened: According to the information, 10 million PI tokens will unlock on May 26, 12 million PI tokens will unlock on May 27, and 15 million PI tokens will unlock on May 28. The latter marks the largest scheduled release in the next 30 days.

These unlocks may flood the market with supply, leading to downward price pressure as early holders and investors look to realize gains.

In a key development for the token’s trading ecosystem, Kraken Pro has launched perpetual futures for PI.

Announced on Tuesday, this move allows traders to speculate on PI’s price without needing to own the asset. Users can now take leveraged long or short positions on the token, with up to 20x leverage and over 40 collateral options available.

This marks the first listing of Pi Network on a major derivatives platform, which could potentially add liquidity and boost visibility for the token.

"We're excited to be launching PI futures on Kraken Pro," said Payman Mohseni, Head of Futures at Kraken. "This launch underscores Kraken's commitment to providing cutting-edge products that cater to the evolving needs of today's sophisticated traders."

Ecosystem Continues to Expand

Despite the price uncertainty, the Pi Network continues to grow. Analyst Kim Wong reports that over 100 Pi-based DApps are in various stages of development — with several already live on the Mainnet and others in testnet or pre-launch stages.

These developments reflect ongoing ecosystem expansion, as Pi Network looks to build real-world use cases that could help stabilize long-term demand.

"The project has potential in the long run with its large community and growing DeFi ecosystem. However, traders should proceed with caution as the token faces immediate selling pressure and volatility in the short term with the looming token unlocks and broader market trends to consider," Wong noted.

Top Image: A visual representation of the Pi Network logo and a graph showing price movements.

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This article is written with the assistance of AI and has been reviewed and edited by Benzinga editors.

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