{"id":153,"date":"2025-08-28T13:46:33","date_gmt":"2025-08-28T13:46:33","guid":{"rendered":"https:\/\/blog.pikkaexchange.com\/?p=153"},"modified":"2025-08-28T13:46:35","modified_gmt":"2025-08-28T13:46:35","slug":"pi-network-faces-pressure-as-price-drops-nearly-8-heres-why","status":"publish","type":"post","link":"https:\/\/blog.pikkaexchange.com\/index.php\/2025\/08\/28\/pi-network-faces-pressure-as-price-drops-nearly-8-heres-why\/","title":{"rendered":"Pi Network Faces Pressure as Price Drops Nearly 8% \u2014 Here\u2019s Why"},"content":{"rendered":"\n

Pi Network (PI) has seen its price fall by 7.96% in the last 24 hours<\/strong>, underperforming the broader crypto market\u2019s 3.6% dip. While the project continues to attract attention with its large community and developer initiatives, several challenges are weighing on investor sentiment.<\/p>\n\n\n\n

Why PI is Struggling<\/h2>\n\n\n\n

1. Token Unlock Pressure<\/h2>\n\n\n\n

Over 167 million PI tokens<\/strong> (worth more than $60 million) are set to be released into circulation over the next 30 days. A key milestone is the 10 million tokens unlocking on August 16<\/strong>.<\/p>\n\n\n\n

Currently, centralized exchanges hold a record 409 million PI<\/strong>, with Bitget and Gate.io accounting for 70% of that total. With PI\u2019s daily trading volume at around $61M, the market fears that this new supply could outpace demand<\/strong> and push prices lower. Historically, PI has dipped 2\u20135% during major unlock events.<\/p>\n\n\n\n

2. Technical Breakdown<\/h2>\n\n\n\n

From a charting perspective, PI has slipped below the $0.38 support level<\/strong>, a critical Fibonacci retracement zone, and is now testing the 200-day EMA around $0.335<\/strong>.<\/p>\n\n\n\n

The RSI<\/strong> currently sits near oversold territory at 43.5, while the MACD<\/strong> shows weakening bullish momentum. If PI closes below the $0.335\u2013$0.35 support zone, it could trigger further automated sell orders. Traders are closely watching whether Bitcoin\u2019s dominance (currently 59.02%) continues to pressure altcoins like PI.<\/p>\n\n\n\n

3. Ecosystem Growing Pains<\/h2>\n\n\n\n

Despite launching its Hackathon 2025<\/strong> with a prize pool of 160K PI and partnering with ERC-3643 for RWA tokenization, Pi Network still struggles with migration delays<\/strong> and KYC bottlenecks<\/strong>.<\/p>\n\n\n\n

Only 7.8 billion PI<\/strong> of the total 100 billion supply<\/strong> is circulating, leaving questions about how future unlocks will be managed. While developer activity is growing (with over 21,000 apps<\/strong> reportedly building on Pi), adoption concerns linger.<\/p>\n\n\n\n

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Community sentiment<\/figcaption><\/figure>\n\n\n\n

Community Sentiment: Optimism vs. Anxiety<\/h2>\n\n\n\n

Pi\u2019s global community remains divided:
1. Optimists<\/strong> point to a possible technical breakout<\/strong>, with some traders spotting a falling wedge pattern that could lead to a bullish reversal.<\/p>\n\n\n\n

2. Skeptics<\/strong> highlight the looming 630M+ PI tokens set to unlock by August<\/strong>, warning that supply inflation may overwhelm demand.<\/p>\n\n\n\n

3. Developers<\/strong> continue to build, with 9,120 AI-powered apps<\/strong> created via Pi App Studio. However, daily usage metrics and transaction volumes remain undisclosed, fueling doubts about real-world traction.<\/p>\n\n\n\n

What\u2019s Next for PI?<\/h2>\n\n\n\n

Looking ahead, analysts are watching two key events:<\/p>\n\n\n\n