Today marks a significant moment for the Pi Network as 2.8 million PI tokens are officially unlocked and released into circulation—one of April’s most anticipated crypto events. With the token currently trading at $0.6174, down 79.62% from its all-time high, all eyes are on the market to see how it responds to the sudden influx.
According to PI Scan, a trusted blockchain explorer, this release is just the tip of the iceberg. April 2025 will see at least 108.9 million tokens unlocked, and over the next 12 months, a staggering 1.57 billion PI tokens are set to hit the market. The average monthly unlock stands at 134.39 million tokens, with the most substantial single-month release expected in December 2027—a massive 432.3 million PI tokens.
The token’s journey has been anything but dull. After debuting at $0.1071 on February 20, PI skyrocketed to over $3 in under a week—a 2,688.79% surge. However, since peaking on February 26, the coin has been on a downward trajectory, falling 81.58% between February 27 and April 4. Since then, it has been trading in a volatile range between $0.4040 and $0.7894.
The question now is whether today’s token unlock will trigger another price dip.
Historically, token unlocks tend to pressure prices, especially when circulating supply increases abruptly. PI currently has a circulating supply of 6.88 billion tokens and a market cap of $4.17 billion. The injection of millions of tokens may cause short-term volatility, although some investors argue that it demonstrates project transparency and ongoing development.
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Looking ahead, May will see 190.9 million tokens unlocked, with June and July following with 226.6 million and 233.4 million tokens, respectively. As the unlock schedule accelerates, market participants are advised to monitor liquidity shifts and price stability closely.
Whether this latest release leads to a dip—or renewed buying interest—remains to be seen.
