Pi Network is facing market pressure as the token supply exceeds market demand, with only 2.5% of the total 100 billion Pi tokens currently tradable.
As more tokens are unlocked, the Pi Coin's price is experiencing downward pressure, currently hovering around $0.4612.
The network's lack of transparency around token release schedules and absence of a concrete proposal for the release of the remaining tokens are raising doubts among market participants.
Community members are calling for supply management measures like token-burning to address inflation concerns, but the Pi Network team has not confirmed any such features yet.