The post Upcoming $91M token unlock adds to Pi Network market woes appeared on BitcoinEthereumNews.com.

Pi Network (PI) token price has plunged over 40% in a month, contrary to post-mainnet hopes. Upcoming $91M token unlock to flood market, worsening sell pressure. The Pi Network team has rolled out updates to boost the ecosystem, aiming to counter market woes. PI, the native token of Pi Network, has been on a free fall over the past month, losing over 40% contrary to what the majority expected, especially after the mainnet launch. This steep decline has caught investors off guard, particularly as the broader cryptocurrency market shows tentative signs of recovery. Unfortunately, the Pi Network, celebrated for its unique mobile mining model that allows users to mine tokens via smartphones, has struggled to translate its innovative vision into sustained market value. A disappointing post-mainnet performance The launch of the Pi Network mainnet was anticipated as a turning point for PI, with many expecting it to bolster the token’s credibility and price. Instead, the token has plummeted from a high of $2.99 in February 2025 to $0.9287 by March 25, 2025—a staggering 68.9% drop. This downturn stands in stark contrast to the optimism that once surrounded the project, fueled by its promise of accessibility and a growing user base. Analysts point to persistent supply pressures and a lack of clarity on major exchange listings as key contributors to this disappointing trajectory. The looming PI token unlock challenge Adding to the market’s unease is an imminent token unlock set to release 99.3 million PI tokens over the next 30 days, valued at roughly $91 million at current prices. This translates to an average of 3 million tokens flooding the market daily, with a peak unlock of 6.8 million tokens scheduled for April 3, 2025. Such a significant influx is likely to intensify selling pressure, threatening to push PI’s price even…

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Filed under: News - @ March 25, 2025 11:24 am