$PI The activity level of the Pi network entered a critical phase in April, with approximately 239.5 million Pi unlocking over the next 30 days. The largest unlock occurs on April 9, with about 18.28 million Pi, and the peak will reach 22.78 million Pi on April 16. Daily trading volume remains relatively low, around $21 million to $26 million, insufficient to support the price. Currently, Pi's price stabilizes around $0.17 to $0.18, well below the high point in 2025. Network indicators show that supply growth is outpacing demand, creating bearish pressure.

The network enters a critical phase this month, with about 239 million Pi set to unlock in the next 30 days. This is an important part of the new supply, which suddenly becomes tradable.
Since demand is not yet sufficient to easily absorb this supply, Pi may face short-term growth difficulties, even as efforts are made to stabilize the price.
April 9 to 19: Unlocking — Supply peaks mid-month
Between April 9 and 19, according to Piscan, a large amount of Pi will be unlocked. The peak is mainly concentrated in the middle of the period, with about 18.28 million Pi unlocking on April 9.
April 9: approximately 18.28 million Pi
April 11: approximately 17.19 million Pi
April 15: approximately 20.19 million Pi
April 16: approximately 22.78 million Pi(Maximum value)
April 17: approximately 18.87 million Pi
April 18: approximately 5.98 million Pi
April 19: approximately 3.9 million Pi
Over the next 30 days, a total of about 239.5 million Pi will be unlocked, accounting for roughly 4% of the total locked supply. The average daily circulation of Pi approaches 8 million.
Supply growth versus weak demand
Pi currently faces an imbalance. While supply is growing rapidly, demand is not keeping up. Daily trading volume is between $21 million and $26 million, far below the scale of supply.
This mismatch exerts bearish pressure on Pi's price.
Price remains stable but shows no signs of reversal
By April 2026, Pi's price remains stable within the range of $0.17 to $0.18. However, this occurs after a significant correction of over 90% from the 2025 high.
This low-level consolidation indicates the market is trying to absorb the supply but has yet to show a strong rebound. Similar situations also appeared in March, where a bullish event triggered a price increase, but then a sharp sell-off occurred as holders exited.