Over the next month, concerns arise as more than 300 million PI tokens are set to be unlocked, potentially leading to a heavy supply shock and sharp corrections.
Negative sentiment among PI holders is on the rise, while bullish posts lack strong fundamentals, heightening worries over the network's future.
Efforts to reshape PI's narrative with real-world use cases through initiatives like Pi App Studio have not yet translated into significant momentum or adoption.
PI is on the verge of a crucial moment as it approaches a squeeze zone, with analysts warning of a potential price drop to its all-time low or a revival if support is maintained and utility rollout proves successful.