Why Pi Network Price Is Not Rising?

The Pi Network price is facing increased selling pressure as more tokens are being released without a clear way to manage the supply. As a result, community members are now losing confidence in the token’s long-term future. 

Analyst Shares Why Pi Network Price is Stuck

In a recent post on X, crypto expert Zoe mentioned that she thinks the main problem is Pi Network’s growing supply. Since its inception, the network has allowed users to mine tokens through mobile devices. However, as more Pi tokens are put into circulation, the Pi Network price has come under downward pressure, especially since there are no deflationary mechanisms, such as token burns, in place.

A community member pointed out that only about 2.5% of Pi’s total supply of 100 billion tokens is currently unlocked and available for trading. Additionally, 5.2 billion tokens have been moved but remain locked due to time limits. 

Currently, only 7.6% of the tokens are usable. There is uncertainty about the remaining 92.4%. No official timeline has been provided for when or how the remaining tokens will be released to the market.

The lack of transparency around token emissions, circulation, and distribution remains a key problem. Until Pi Network provides clearer details, institutional investors and major exchanges are likely to stay cautious.

• Pi Network Token Unlocks Continues

Short-term concerns are escalating as the Pi Foundation prepares to release a substantial number of tokens. Over 19 million Pi tokens, worth nearly $10 million at current market prices, are expected to be unlocked. Over the next month, more than 272 million tokens are scheduled for release, with an average of 10 million coins entering circulation daily.

This unlock schedule could potentially result in over $106 million in total value being released. Such a large increase in the amount available could exceed current market demand, potentially lowering the price of Pi Network unless there is a significant rise in its use or popularity.

Will Token Burn Boost Pi Coin Price?

As the Pi Network develops, many community investors want a token-burning system to help mitigate inflation. They worry that without this system, the Pi coin price may continue to drop slowly.

The situation highlights a critical moment for Pi Network.  The Pi Network has strong community support and is well-known. However, its long-term price stability depends on better management of its supply and a rise in demand.

Pi Coin is trading at about $0.45 as of press time. The price remains stable, with minimal buying and selling activity. The lower trading volume shows that fewer people are selling, which might lead to a price increase soon.

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.