Pi Network Faces Crucial Token Unlock Tomorrow: Can $0.40 Support Hold?

Pi Network is approaching a critical moment as it prepares for a major token unlock event starting July 4. According to Coinpedia Fintech News, the network will release 304.7 million tokens (valued at approximately $151.9 million) over the next 30 days, with the largest single-day unlock of 19.39 million tokens occurring tomorrow.

The Pi coin currently trades at $0.49, showing a modest 1.8% 24-hour gain but a 14% weekly decline. Market sentiment remains fragile following recent network upgrades during Pi2Day that failed to prevent an 11-16% price drop. Analysts anticipate continued selling pressure as an additional 1.6 billion tokens are scheduled to unlock within the next year.

Centralized exchanges have already seen a net inflow of over 6 million tokens in the past 24 hours, signaling potential short-term selling activity. Analyst Dr. Altcoin suggests the Pi Core Team, controlling about 90% of the total supply, may intervene to prevent prices from collapsing below $0.40 - a critical psychological and technical support level. A breach of this threshold could see Pi drop out of the top 30 cryptocurrencies by market capitalization.

Technical indicators present a mixed outlook, with moving averages signaling bearish momentum while select oscillators suggest possible support. Trading volumes remain subdued as the token consolidates near $0.50. Market participants await the unlock event's impact, which could determine Pi's next significant price movement.