Pi Network Crashes 16% to Record Low: Can PI Recover as 103 Million Tokens Unlock?

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• PI token fell 16% to a new all-time low as fresh token unlocks increased selling pressure.
  
• Lack of listings on major exchanges continues to limit Pi Network’s recovery prospects.
  
• Institutional investors are cautiously returning to crypto through Bitcoin and Ethereum ETFs despite market uncertainty.

Pi Network is facing renewed pressure after the PI token plunged another 16%, falling to a fresh all-time low near $0.0814. The latest decline extends the token’s losses to roughly 97% below its all-time high of $2.98, underscoring growing concerns about the project’s short-term outlook.

The sell-off comes as fresh token unlocks increase circulating supply and investor confidence remains fragile. At the same time, the broader cryptocurrency market is sending a different message. Despite geopolitical tensions and market uncertainty, institutional investors are gradually returning through crypto exchange-traded funds (ETFs), highlighting a widening gap between PI’s struggles and the resilience of leading digital assets.

Pi Token Unlocks Intensify Selling Pressure

A key driver behind PI’s latest decline is its ongoing token unlock schedule. More than 3.1 million PI tokens entered circulation during the latest unlock, with over 103 million additional tokens set to be released over the next month.

As previously locked holdings become available, many early participants appear to be cashing out. With buyer demand failing to keep pace with the expanding supply, the imbalance continues to weigh heavily on the token’s price.

Trading activity reflects this trend. Daily trading volume surged 169% to more than $21.8 million, indicating that many investors are choosing to exit positions rather than accumulate at current levels.

Lack of Major Exchange Listings Limits Recovery

Another obstacle for Pi Network is its limited availability on leading cryptocurrency exchanges.

While PI is listed on platforms such as OKX and Bitget, it remains absent from major exchanges including Binance, Coinbase, and Bybit. The project’s unique Know Your Business (KYB) verification process, along with broader concerns around transparency, technical readiness, and regulatory compliance, has slowed wider exchange adoption.

Without broader market access and stronger liquidity, attracting new buyers remains a difficult challenge.

Key Price Levels to Watch

After losing the important $0.10 support level, traders are now closely watching the $0.0800 area.

If buyers successfully defend this psychological support, PI could stabilize between $0.0800 and $0.0900 in the near term. However, a decisive move below $0.0800 could expose the token to another decline toward $0.0750.

While Pi Network struggles, institutional sentiment toward the broader crypto market is improving.

According to data highlighted by The Kobeissi Letter, crypto investment products recorded $281.8 million in net inflows last week, ending an eight-week streak that saw more than $7 billion leave the sector. Bitcoin investment products attracted $197.4 million, while Ethereum funds added $84.4 million.

The recovery remains modest, but analysts describe it as an early sign that institutional buyers are cautiously returning rather than abandoning the market.

BlackRock’s iShares Bitcoin Trust (IBIT) continued to dominate demand, attracting $291.9 million in fresh inflows. Meanwhile, investment products tied to XRP, Solana, and HYPE also posted positive inflows, suggesting investors are selectively expanding exposure beyond Bitcoin.

Pi Network remains under significant pressure as recurring token unlocks, rising selling activity, and limited exchange support continue to weigh on the PI token. Unless buying demand strengthens, further downside cannot be ruled out.

Also Read: Pi Network Crashes 97%: Is PI About to Break Down or Stage a Massive Comeback?

In contrast, the broader cryptocurrency market is showing signs of resilience. Despite geopolitical uncertainty and volatile macroeconomic conditions, institutional capital is gradually returning through crypto ETFs. The diverging trends highlight that while established digital assets are attracting cautious long-term investors, Pi Network still faces considerable hurdles before sentiment can meaningfully improve.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.