- Pi Network (PI) fell to a new all-time low of $0.07059 before staging a modest rebound.
- The upcoming unlock of 130 million PI tokens is expected to significantly increase circulating supply.
- A recovery will likely depend on stronger demand and an improvement in overall crypto market sentiment.
Pi Network has fallen to its lowest price on record, extending a prolonged downtrend that has weighed on the cryptocurrency since its explosive rally in early 2025.
PI dropped to an all-time low of $0.07059 on July 14 before recovering slightly, but the token continues to trade well below previous support levels. Over the past 24 hours, PI has declined more than 10%, while its monthly losses have reached roughly 44%, reflecting continued selling pressure.

The sharp decline comes as investors prepare for a significant increase in token supply, adding another challenge for a project already struggling with weak demand.
Massive Token Unlocks Increase Selling Pressure
One of the biggest factors behind Pi Network’s recent weakness is the project’s upcoming token unlock schedule.
Approximately 130 million PI tokens are expected to enter circulation over the coming months, increasing the available supply of the cryptocurrency.
Large token unlocks often create downward pressure on prices, particularly when demand fails to keep pace with the additional supply. Many investors are concerned that the increased circulation could make it more difficult for PI to establish a sustained recovery in the near term.
Demand Has Continued to Fade
After reaching an all-time high of $2.99 in February 2025, Pi Network gradually lost momentum as trading activity and investor interest slowed.

While the project attracted significant attention during its rapid rise, buying demand has weakened considerably over the past year. The combination of declining demand and expanding supply has contributed to the token’s prolonged price correction.
Without renewed investor interest, additional supply entering the market could continue weighing on prices.
What Could Trigger a Recovery?
For Pi Network to stage a meaningful rebound, analysts believe two key conditions would need to improve.
First, the project would likely require a noticeable increase in buying demand capable of absorbing the large number of new tokens entering circulation. Stronger adoption, ecosystem development, or increased exchange activity could help improve market confidence.
Second, broader cryptocurrency market sentiment would need to strengthen. Although Bitcoin has recently recovered following softer U.S. inflation data, the overall digital asset market remains volatile, and many altcoins continue trading well below previous highs.
Until both demand and market sentiment improve, Pi Network may continue facing pressure as investors monitor the impact of upcoming token unlocks on the token’s circulating supply.
Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.

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