Pi Network’s 265 Million Token Unlock Looms—Will It Fuel a 234% Surge or Trigger a Sell-Off?

Pi Network traders brace for volatility as 265 million tokens hit the market—just as technicals hint at a potential moonshot. The project’s ’mobile mining’ gimmick faces its first real liquidity test.

Bull case: If demand absorbs the unlock, Pi could rocket past resistance levels toward that juicy triple-digit rally. Bear case: Early adopters might finally cash out those ’free’ tokens—because nothing screams ’hold’ like a 200% profit.

Bonus cynicism: Another day, another crypto project betting retail FOMO will outweigh basic tokenomics. Place your bets.

Over the past 24 hours, Pi Network has cooled down, following its explosive 90% rally in the past week. But analysts are unfazed by the pullback. Historically, such corrections are natural after rallies, and Pi still remains up 59% over the last month.

While Bitcoin, Ethereum, and solana continue to dominate conversations, Pi Network is carving out a niche with its mobile mining app and decentralized Pi browser, aiming to bring real-world utility and mass adoption closer to reality.

However, Pi’s year-to-date performance tells a different story. After institutional investors initially pumped massive amounts into PI Network, its price sharply declined. But since bottoming out at around $0.40, Pi has climbed back to nearly $1.20, breaking through major resistance levels and moving averages.

Where Is Pi Network Headed Next?

Technical analysts have identified a parallel channel pattern forming on Pi’s chart. If the token breaks out of this formation, the price could surge another 234%, potentially reaching $5.27 per token. That WOULD equate to a market cap of roughly $39 billion — putting it in the same league as other established projects. 

As of May 14, 2025, at 13:00, a total of 5.17 billion Pi tokens — valued at approximately $6.19 billion — are currently locked. Over the next 30 days, around 265.44 million Pi (worth about $317.92 million) are scheduled to be unlocked, which accounts for 5.13% of the total locked supply. 

On average, about 8.85 million Pi tokens (equivalent to $10.6 million) will be unlocked daily. The highest single-day unlock is expected on May 16, with approximately 14.75 million Pi tokens — valued at $17.67 million — set to be released. This upcoming unlock activity could lead to increased price volatility in the Pi market, as a surge in token availability often influences market dynamics and investor sentiment.