Pi Coin Drops to $0.485 After Pi2Day as 318M Token Unlock Sparks Sell-Off Fears

Key Takeaways:

• Pi Coin dropped 5% to $0.485 after the Pi2Day event, continuing a multi-year trend of post-announcement sell-offs.
  
• A massive 318 million Pi token unlock looms, potentially pushing the price toward $0.40 by August.
  
• Pi/USD1 trading volume is rising, but whale concentration and limited decentralization remain major red flags.

Pi Coin (PI) continues to struggle under bearish pressure, falling by 5% in the past 24 hours and touching $0.485. Despite major announcements during the Pi2Day event on June 28—including the launch of Pi App Studio, an AI-powered no-code platform—investor sentiment remains weak.

This marks the third consecutive year Pi Coin has seen a post-Pi2Day decline, turning the event into a consistent “sell-the-news” moment. Analysts now forecast a potential dip toward $0.40 by August, fueled by market fatigue and upcoming token unlocks.

318 Million Pi Tokens Set to Unlock, Sparking Investor Concerns

Adding to downward pressure, data from Pi Scan shows that over 318 million Pi tokens are scheduled to unlock in the next 30 days. With only 7.6 billion Pi tokens currently in circulation, this substantial release—more than 4% of the total circulating supply—could trigger additional selling in an already fragile market.

Experts warn this supply influx might overwhelm current demand, especially with Pi’s price action showing limited strength since the June update.

Pi/USD1 Trading Volume Surges Amid Stablecoin Shift

While traditional Pi/USDT trading remains dominant, a surprising trend is emerging: the Pi/USD1 trading pair on MEXC has surged to nearly 50% of the Pi/USDT volume. USD1, a stablecoin owned by World Liberty Financial—a company reportedly linked to the Trump family—has seen growing adoption.

Only a handful of major cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Pi trade against USD1, indicating Pi’s growing relevance in certain trading circles despite broader market weakness.

Pi Coin’s Wealth Concentration Raises Red Flags

According to BscScan data, the top 100 Pi Coin wallets control a staggering 96.37% of the supply. With only 15,316 holders controlling roughly 96 billion tokens—valued at nearly $48.6 billion—wealth concentration remains a key concern in the Pi ecosystem.

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Such centralization raises questions about price manipulation and long-term decentralization, limiting trust from wider crypto investors and reducing retail confidence in Pi Coin’s future.

Despite ecosystem advancements like Pi App Studio and staking directories, Pi Coin continues to face significant challenges. With a looming 318 million token unlock, centralized holdings, and lackluster price action post-Pi2Day, bearish momentum appears likely to continue.

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.

Andrew Chen

I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.