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In the past week, the altcoin Pi Network (Pi) has experienced an impressive 90% rise. While there’s a slight decline in the past 24 hours, analysts remain focused on the bigger picture. Despite market corrections, Pi continues to trade with a premium of over 59% in the last month. The project, which bolsters its claim as a real-world usable cryptocurrency through its mobile mining application and decentralized browser, maintains strong market interest. However, impending significant coin release events could exert new pressure on this upward trend.
265 Million Coins to Unleash New Dynamics in Pi Network
As of May 14, 2025, approximately 5.17 billion Pi coins are locked with a total market value of about $6.19 billion. In the next 30 days, around 265.44 million Pi coins are set to be unlocked. This amount represents 5.13% of the total locked supply, holding potential to create substantial selling pressure in the market.
On a daily basis, an average of 8.85 million Pi coins (approximately $10.6 million) are expected to be released into circulation. Specifically, on May 16, a single-day unlock of 14.75 million coins (worth $17.67 million) is planned. Such sudden supply surges can significantly impact investor psychology. Given the history of sharp price movements in similar situations, investors need to exercise caution with short-term risks.
Optimism Prevails as Technical Analysts Eye Pi Coin’s Growth
Despite the looming supply pressure, the technical analysis front maintains its optimism. A potential parallel channel formation in the charts indicates that if a breakout occurs, Pi price could ascend by another 234%. If this scenario unfolds, the altcoin’s price might reach $5.27, placing the project alongside major market players with an estimated market cap of $39 billion.
Initially catching the market’s attention with a surge driven by institutional interest, Pi Network later saw a rapid decline to $0.40. However, buying interest from these levels, supported by an ascending trend line, paved the way for a recovery to $1.20. This rise also led to breaking through critical resistance levels and moving averages upward.
Now, investors are monitoring not only fundamental data but also technical indicators and the timeline of coin release dates. While price volatility might increase in the short term, mid-term expectations remain robust.
