Pi Network’s native token has paused its recent downward slide, rising about 3-4% in a single day and moving comfortably above the psychological $0.15 mark.
This rebound came alongside a wider altcoin recovery and followed bullish developments from OKX that specifically impacted the US market.
PI Bounces From Local Lows
After being rejected at $0.20 late last month, PI traded sideways near $0.18 for several weeks before slipping into a lower range between $0.17 and $0.18. Continued downside pressure pushed the token below $0.16 and ultimately to a three-month low of $0.146.
The token attempted to recover earlier in the week but stalled at $0.155 and fell back under $0.15. Over the past 24 hours the tone has shifted, with PI reclaiming the $0.15 level on a roughly 4% uptick.
While PI still sits outside the top 50 altcoins by market capitalization, its market cap on CoinGecko has climbed above $1.6 billion. The upcoming token unlocking schedule adds nuance to the outlook: over the next week roughly 5 million PI are expected to be released each day, then the release rate will spike to more than 15 million tokens per day toward the end of the month and around June 2.
Token releases should taper off after June 3, which may reduce immediate selling pressure from holders who have been waiting to access their allocations.
PI in the US
Beyond the selective market recovery—larger-cap tokens largely failed to stage significant rebounds—another development likely supported PI’s move above $0.15: expanded accessibility for US users.
The Pi Network team announced that the native token has been made available to “millions of people in the US” through OKX. Although the exchange had previously listed PI, this update creates an additional access point to the Pi ecosystem for US customers, the team said.
They noted that broader access should result in “more users, more usage, [and] stronger network,” as the project continues to grow its global base of Pioneers and partners.