- Pi Network (PI) token price has fallen by more than 40% in a month, contrary to expectations after mainnet.
- An upcoming $91M token unlock threatens to flood the market and worsen selling pressure.
- The Pi Network team has rolled out updates to strengthen the ecosystem and counteract market challenges.
PI, the native token of Pi Network, has plunged over the past month, losing more than 40% despite hopes for a post-mainnet boost. This sharp decline has surprised many investors, even as the broader cryptocurrency market shows tentative signs of recovery.
Pi Network, known for its mobile-first mining model that lets users earn tokens via smartphones, has struggled to convert that innovative vision into sustained market value. The token’s performance since mainnet has been particularly disappointing.
Disappointing post-mainnet performance
The launch of Pi Network’s mainnet was widely expected to be a turning point for PI, enhancing credibility and price momentum. Instead, the token has tumbled from a high of $2.99 in February 2025 to $0.9287 on March 25, 2025—a dramatic drop of 68.9% from that peak.
This slide contrasts sharply with the earlier optimism surrounding the project, which had been driven by promises of accessibility and a growing user base. Analysts cite sustained supply pressure and uncertainty over major exchange listings as primary contributors to the token’s poor trajectory.
The looming PI token unlock challenge
Adding to market anxiety is a forthcoming token unlock expected to release 99.3 million PI tokens over the next 30 days, valued at roughly $91 million at current prices. That amounts to an average of about 3 million tokens entering the market daily, with a peak unlock of 6.8 million tokens scheduled for April 3, 2025. Such a substantial inflow is likely to intensify selling pressure and push PI’s price lower.
Looking further ahead, additional unlocks planned for April, May, and June—totaling about 115.57 million, 182 million, and 222 million tokens respectively—cast a long shadow over the token’s short-term stability and could continue to weigh on price action.
Technical signals favor further weakness
On the technical side, PI’s current price of $0.9287 sits near critical levels. Immediate support is near $0.70, while resistance stands at $1.00. Bollinger Bands show the price hugging the lower band, indicative of seller dominance.
The 4-hour Relative Strength Index (RSI) around 35.87 points to a bearish bias while nearing oversold territory. In addition, moving averages and MACD reinforce downward momentum. A break below $0.85 could trigger a test of $0.70, whereas a sustained move above $1.00 might open the door for a rally toward $1.34.
Pi Network team’s efforts to strengthen the ecosystem
Amid these headwinds, the Pi Network team has introduced several updates aimed at improving usability and engagement. One recent feature allows PI holders to view their tokens in an official Telegram wallet, though functionality is currently limited.
The wallet lets users buy, sell, or store PI within Telegram, but it does not yet support sending PI to contacts, withdrawing to external wallets, or receiving tokens from other users.
The team also extended the PiNet migration period to May 28, 2025, giving developers additional time to secure domains and complete migration tasks without competitive bidding. These measures, while not immediately lifting the token’s price, indicate a continued focus on accessibility and developer participation—foundations that could support a more resilient ecosystem over time despite current market volatility.