The post Will the 10M Token Unlock Trigger More Losses? appeared on BitcoinEthereumNews.com.

Pi Coin struggles to hold above its current support level as 10.4 million of the tokens are set to be unlocked today as part of the 231 million Pi expected to be released in May.  Analysts have observed the impact on the price; however, they anticipate a bullish reversal triggered by other catalysts, including major exchange listings.  Pi Coin has been trading sideways since April, printing losses across all the major trading sessions. According to our market data, the asset has declined by 0.46% in the last 24 hours, 2.4% in the last seven days, 8.6% in the last 30 days, and 65.4% in the last 90 days. While Pi Coin has struggled to break above the $0.73 resistance level, it has also been able to hold above the $0.53 support level on the monthly chart despite its disappointing trading volumes. Currently, the asset trades at $0.58 with a market cap of $4.14 billion, making it the 27th largest crypto in the world. Pi Coin Token Unlocks and the Impact on Price The short-term outlook of Pi Coin does not look promising as demand continues to decline amidst the ongoing token unlocks. According to our research, 231 million Pi Coins would be unlocked in May, with 10.4 million of the asset set to be released today. Looking into data from PiScan, we also found that 222 million Pi Coins would be unlocked in June as part of the strategic decision to gradually release 1.4 billion tokens ($850 million) into the market over the next year. Source: PiScan The impact of this exercise on the price could be similar to the April performance, where Pi moved in a tight range. Within the month, the daily unlock ranged from 5 million to 6 million Pi tokens. As also indicated in our previous…

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Filed under: News - @ May 6, 2025 12:28 pm