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One of the most significant developments closely monitored by cryptocurrency enthusiasts this April occurred today with the Pi Network releasing 2.8 million Pi coins into circulation. Currently, the Pi coin trades at approximately 79.62% below its all-time high, which may trigger a new selling pressure among traders. Experts believe that this increase in supply could lead to downward price movements in the short term.
2.8 Million Pi Coins Unlocked
According to data from the real-time blockchain tracking platform Pi Scan, a total of 2.8 million Pi coins were unlocked and released as of April 16. This release is a fraction of the total 108.9 million coins expected to be unlocked throughout April.
However, this is merely the beginning. Over the next 12 months, an additional 1.56 billion Pi coins are set to be unlocked, averaging about 134.39 million coins each month. Such a substantial figure can significantly impact prices, especially for newly listed and highly volatile projects. The largest coin unlock will occur in December 2027, with 432.3 million coins released in that month alone.
Additionally, 190.9 million coins are scheduled to be unlocked in May, followed by 226.6 million in June and 233.4 million in July.
Severe Price Fluctuations for Pi Coin
Pi coin debuted on February 20, 2025, at a price of $0.1071. However, just a few days later, on February 26, it skyrocketed by an astonishing 2,688%, crossing the $3 mark. This price surge reflects a peak period of investor interest.
However, this upward trend was short-lived. From February 27, Pi lost momentum, decreasing by 81.58% by April 4. Since April 5, the price has fluctuated between $0.4040 and $0.7894, trading around $0.6174 at the time of writing, with a market cap of $4.17 billion.
Supply Pressure Influences Investor Psychology
Today’s release of 2.8 million coins directly increases the circulating supply, which could put pressure on prices. This situation might lead to selling activities, particularly among short-term traders. The total circulating supply now stands at 6.88 billion Pi coins.
Coin unlocks are generally interpreted in two ways: some investors view it as a sign of trust and transparency in the project, whereas others perceive it as a threat that increases liquidity and pressures prices. The impact of the more than 1.5 billion coins to be unlocked over the next year should be closely monitored.
