The post Pi Coin Price Prediction Today: Can it Hit $1 Ahead of Massive 223M Token Unlock? appeared first on Coinpedia Fintech News
Pi Coin is currently showing decent gains of over 3% on the day, but the token remains trapped within a tight trading range, unable to break convincingly above the $0.70 resistance level. Despite a small price uptick, concerns are mounting as more tokens are set to hit the market in the coming weeks.
Today, approximately 5.8 million PI tokens are scheduled to unlock, with a much larger wave — 223 million tokens — expected to be released over the next 30 days. This influx of supply could intensify downward pressure on the price, especially in the absence of strong buying demand.
At the time of writing, Pi is hovering around $0.66, a critical level for bullish sentiment. If the price can close above this level on the daily chart, analysts suggest it could open the door for a potential rally toward $1 or higher. However, failure to hold this support might see the price slide further, especially as token unlocks flood the market.
Since being listed in February, Pi Coin has seen dramatic price swings — climbing as high as $3 at its peak before plunging to lows around $0.40. The decline has left many early adopters and miners, particularly those active since Pi’s early days in 2019 and 2020, disappointed.
Several factors have contributed to Pi’s ongoing price struggles:
Mass Selling After Token Releases: Like many airdropped tokens, Pi faces significant sell-offs after token generation events. A large portion of its user base, especially in regions like Africa and Asia, has been quick to liquidate holdings for cash, leading to increased supply pressure.
High Circulating Supply: Currently, Pi has a circulating supply of over 6.9 billion tokens, with a total supply cap near 100 billion. Compared to Bitcoin’s capped supply of 21 million, the sheer volume of Pi tokens makes high price expectations — like $100 or even $10 — highly unlikely under current conditions.
Limited Real-World Adoption: Although Pi’s vision includes becoming a widely-used medium of exchange, real-world usage remains minimal. While a few businesses accept Pi, broader adoption is still lacking, which limits utility-driven demand for the token.