"Pi Coin Plummets Dramatically: Token Unlocking Creates Pressure, Community Outraged, Project's Future Uncertain"

Pi Coin is currently trading at $0.60, struggling to break through the resistance level of $0.65. Its price has fallen by about 60% over the past month and more than 80% from its peak on February 26. The main reason for this price fall is a large token unlock event taking place this month. PiScan data shows that over 119 million Pi tokens will be put into circulation in April, with another 188 million tokens expected to be put into circulation next month. These large token unlocks are putting serious downward pressure on the price of Pi. When millions of new tokens suddenly enter the market, the supply increases significantly while demand remains relatively unchanged. Many holders of newly unlocked tokens choose to sell immediately to secure profits, creating a series of sell orders that push the price down. This supply-demand imbalance can trigger additional selling as other investors exit positions to limit losses.

The unlocking of this token has caused anger in the Pi Network community. Pi Network Turkey, the largest community group in the country, has publicly criticized the core team. They claim that the developers are using a top-down approach, not listening to community feedback, and failing to deliver on their promises of decentralization. This group also mentioned broken promises, lack of transparency, and continuous delays for the launch of the Open Mainnet. Adding to the community’s concerns, the official X account of Pi Network (, previously Twitter), has been completely silent since April 1st. The halt in communication for 10 days during a critical phase of the token unlock has raised speculation about whether the development team has abandoned the project. This period of silence only adds to the anxiety among holders who are already worried about the price fall and the direction of the project. A disappointed community member shared: “More and more people are giving up mining #Pi. Why? Because the amount of Pi they have mined has not yet been transferred to their wallets. They are just waiting… waiting… and waiting even more, with no end in sight. Hope is fading, and frustration is rising.” Experts believe that the value of Pi is falling not only because of the unlocking of tokens but also due to increasing doubts about the project’s future plans and progress. As questions arise about whether Pi Network is truly building a useful Web3 system or simply riding the growing wave of cryptocurrency, the project’s reputation seems to be in trouble.