Pi Network Price Plunge Continues As 2 Million Tokens Hit Exchanges

Key Insights

• Pi Network price has dropped over 50% from its May 12 high of $1.67, currently trading at around $0.74.
• Over 2.04 million Pi tokens have flowed into exchanges in 24 hours, signaling potential sell pressure.
• More than 72 million Pi tokens worth over $50 million are set to unlock within this week alone.

Pi Network price’s downward momentum has intensified, with over two million tokens moved into exchanges within the past 24 hours. The rapid token inflows arrive just ahead of a scheduled unlocking event that may increase supply further.

After reaching a high of $1.67 on May 12, Pi Network price has fallen sharply and is down 50%. On May 27, the price of the coin was hovering at around $0.74.

The drop places it among the weakest performers in the broader digital asset market despite a recent rebound in Bitcoin.

Token Inflows Add Pressure to Pi Network Price

Notably, blockchain data from PiScan indicated a combined net inflow of over 2.04 million Pi tokens to centralized exchanges in a single day.

OKX recorded the largest movement, receiving 4.1 million coins while only 2.2 million were withdrawn. Consequently, this resulted in a net increase of 1.88 million tokens.

Additional inflows were seen on Bitget and Pionex, with net movements of 712,097 and 2,176 coins, respectively. Only two platforms, MEXC and Gate, registered net outflows, suggesting broader exchange activity may be tilted toward distribution rather than accumulation.

Furthermore, large net inflows into trading platforms are often interpreted as a sign that holders are preparing to sell. When assets are moved from self-custodial wallets to exchanges, it typically reflects an intent to liquidate.

This pattern has coincided with the ongoing drop and has contributed to short-term bearish expectations around Pi Network price.

Over 72 Million Tokens Set to Unlock This Week

In addition to rising exchange activity, the Pi Network is set to release a substantial number of tokens into circulation over the coming days.

According to on-chain tracking data, approximately 72.3 million tokens are scheduled to be unlocked within the week.

On May 26 alone, 9.9 million coins were unlocked. The following three days will see 12 million, 15.2 million, and 13.2 million tokens released, respectively.

Based on current market prices, these unlocks are valued at over $50 million. Such events increase the available supply, and without matching demand, can contribute to further downward price action.

Meanwhile, the total supply of Pi currently sits at 11.1 billion coins, with a maximum cap of 100 billion. This ongoing unlocking process is expected to continue over the coming weeks.

With more than 280 million coins forecasted for release in the next 30 days, additional sell pressure could remain a challenge unless market demand increases.

Technical Setup Signals Potential for Further Pi Network Price Decline

More so, an eight-hour chart analysis of Pi Coin revealed that the asset has moved below both the 50-period Exponential Moving Average (EMA).

It has gone below the lower trendline of a bearish flag pattern. This flag structure typically forms after a steep decline followed by a brief period of consolidation within a rising channel.

Consequently, the break below this structure signaled that selling may accelerate. Technical levels indicate a possible retreat toward $0.6584, which served as a short-term support on May 17.

If the altcoin fails to hold that level, another drop toward $0.5545 could materialize, marking a further 30% decline from current prices.

Nevertheless, any reversal in the bearish outlook may likely require Pi Coin to reclaim the $0.8600 resistance level. That figure marks the highest price recorded last week.

A break above this point could open the path to a retest of the $1.00 zone, though this remains conditional on market sentiment and buying volume.

Broader Market Context and Bitcoin Role

While Pi Coin experienced heavy sell pressure, Bitcoin has shown relative strength by trading above the $110,000 mark.

Historically, altcoins have often mirrored Bitcoin movement. However, the current divergence may suggest that Pi-specific factors, such as supply unlocks and exchange inflows, are driving the asset independently.

Pi Network price weakness, despite favorable broader market conditions, may be attributed to the unlocking schedule and increased liquidity on exchanges.

The divergence between Bitcoin’s strength and Pi Coin drop highlights the sensitivity of low-liquidity tokens to distribution events and short-term trader sentiment.