Pi Network has made significant strides in 2025, marking a new era for the project.
On February 20, 2025, Pi Network launched its Open Network, transitioning from an enclosed mainnet to an open one. This pivotal move enabled external wallet transfers and allowed PI to be traded on centralized exchanges such as OKX and Bitget.
In April, Pi Network integrated with Chainlink, a leading decentralized oracle network. This integration allows Pi’s real-time price data to be utilized across various blockchain platforms, enhancing its utility in smart contracts, decentralized finance (DeFi) applications, and Web3 services.
Additionally, Pi Network completed its advertising network pilot phase, opening opportunities for developers to monetize applications within the ecosystem.
Token Unlock Schedule
On April 16, 2025, Pi Network released 7.1 million PI tokens into circulation, valued at approximately $4.34 million. This event contributed to a price decline, with PI trading around $0.61, marking an 80% drop from its all-time high of $3.00. The sudden increase in supply, without a corresponding rise in demand, has raised concerns about potential further price erosion.
Pi Network plans to unlock approximately 1.6 billion tokens over the next 12 months, averaging about 134 million tokens per month. In the near term, over 203 million tokens are set to be released in the next 30 days, equating to an average of 6.78 million tokens daily. This steady influx could exert additional downward pressure on PI’s price if demand doesn’t keep pace.
Investor sentiment appears cautious amid the increasing supply. While some community members remain optimistic, the broader market shows signs of reduced buying pressure. Technical indicators, such as the on-balance volume (OBV), have been declining, suggesting waning investor interest.
However, there are efforts within the Pi community to bolster confidence. The core team has called for coordinated buying to support the token’s price, aiming to counteract the effects of the unlocks.
Technical Analysis
As of April 17, 2025, PI is trading around $0.61, experiencing a 17% decline amid bearish market sentiment . Technical indicators suggest a challenging outlook:
Resistance Levels: PI faces significant resistance at $0.71.
Support Levels: Key support is identified at $0.595 and $0.55.
Market Indicators: The Money Flow Index (MFI) stands at 23, nearing oversold territory, while the Accumulation/Distribution (A/D) indicator reflects consistent selling pressure.
Despite these challenges, some analysts point to a potential double-bottom pattern forming at $0.7663, which could indicate a bullish reversal if confirmed.
Conclusion
Pi Network’s transition to an open mainnet and integration with Chainlink mark significant milestones in its development. However, concerns regarding its tokenomics and recent price volatility underscore the challenges ahead. Investors should monitor these developments closely and consider both the potential and risks associated with PI.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/can-pi-network-hold-its-ground-as-millions-of-tokens-flood-the-market/