Crypto
Pi Coin Price Crashes 36% In 7 Days As 103M PI Unlock Nears
Pi Coin fell 36% in a week as another 103.7 million PI unlock nears, intensifying concerns over supply and weak demand.
11h ago 4,280
BLOCKINSIDERLoadingPi Coin fell 36% in a week as another 103.7 million PI unlock nears, intensifying concerns over supply and weak demand.
Pi Coin just crashed 36% in seven days, and worse supply pressure is coming. The token hit a fresh all-time low near $0.08 this week.
Notably, 103.7 million PI are set to be unlocked in July 2026. Who gets hurt most are retail holders facing thinning liquidity and weak demand.
Why the timing matters: demand has never kept pace with new supply. Pi's price problem isn't sentiment alone; it's simple, unrelenting token math.
The prior unlock event already failed to stabilize an abysmal price trend. Fresh tokens hit exchanges while buyers stayed largely absent from the market.
Now, 103.7 million more PI will unlock soon, up sharply from June's release. That’s a fresh, sellable supply entering a market already testing record lows.
Pi Network has unlocks scheduled continuously throughout 2026. Unlocks scheduled for 2026 reach roughly 851.4 million PI across the full year.
Demand simply hasn't matched that flood. Market cap has already dropped below $1 billion for the first time.
Without stronger buying pressure, each unlock risk pushes the price lower still. The pattern shows no signs of reversing anytime soon.
Open interest data tells a clear story about fading demand. OI sits near $20.58 million, far below May's $35.42 million high.
Funding rates recently turned deeply negative, near -2.15% on some exchanges. That signals traders are actively betting on further downside.
The RSI has plunged to around 5.85, an extremely oversold reading. Yet oversold conditions haven't triggered any meaningful bounce so far.
Whale concentration compounds the risk further across the network. Just 21 to 22 wallets hold over 10 million PI each.
Meanwhile, over 80% of all Pi accounts hold fewer than 10 PI tokens. That imbalance leaves the price highly vulnerable to a handful of large holders.
The Pi Foundation itself still controls over 52 billion PI in reserve. Any sudden shift in that wallet's behavior could move markets instantly.
Community frustration is growing louder over repeatedly delayed utility promises. Without real demand catalysts emerging soon, unlocks alone could keep dragging Pi Coin lower through the rest of 2026.
Pi Coin price extended its bearish trend this week, falling 36% over the past seven days. A further 28% decline in the last 48 hours intensified selling pressure and pushed the token to a new all-time low of $0.0703.
The persistent downtrend reflects weak market confidence and continued investor caution. Until buyers regain control, Pi Coin could remain vulnerable to additional downside as bearish sentiment dominates the broader price structure.
The Chaikin Money Flow indicator continues to signal strong capital outflows, suggesting the decline is driven by sustained selling rather than short-term speculation. Weak demand and limited real-world utility since Pi Coin's launch have weighed heavily on investor confidence.
Meanwhile, the Money Flow Index has dropped below the 20 level into oversold territory, indicating selling pressure has reached extreme levels. Such conditions often precede temporary stabilization, although they do not guarantee a trend reversal.
Despite oversold technical readings, Pi Coin faces another headwind with a scheduled token unlock later this month, which could increase circulating supply and add fresh selling pressure.
For the bullish outlook to improve, Pi Coin must first reclaim the 23.6% Fibonacci retracement level at $0.0806. A sustained move above the 61.8% Fibonacci resistance at $0.0974 would confirm stronger buying momentum and increase the probability of a broader recovery rally.
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