Pi Network is facing a substantial token unlock, with 304.7 million tokens set to release over the next 30 days, starting tomorrow.
Despite recent network upgrades, Pi Coin price has fallen to $0.49, with significant selling pressure expected as 1.6 billion tokens are set to unlock in the next year.
The Pi Core Team holds around 90% of the total supply, potentially preventing a steep price decline below $0.40 and maintaining market cap position in the top 30 Cryptos.
Technical indicators for Pi show a neutral to bearish trend, with price prediction hovering around $0.40 till August, followed by a possible gradual uptrend post the token unlock completion.