Pi Network, once seen as a quiet underdog, is now facing one of its biggest tests yet. Starting late June, around 337 million Pi tokens will be unlocked — and that’s just the beginning.
With over 1.4 billion tokens expected to hit the market in the coming year, many Pi holders are asking the same question: Can the price survive this much pressure, or is a major drop on the way?
337 Million Pi Tokens to Unlock In July
According to the Pi scan, a large number of Pi tokens will be unlocked in June and July 2025, with around 337 million Pi tokens being unlocked — roughly 4.1% of Pi’s circulating supply.
Meanwhile, the current total volume of the upcoming 337 million Pi tokens will be around $179 million worth of Pi potentially entering the market.
This isn’t just a routine event. Historically, big unlocks like this have been followed by sharp price drops across many tokens. Some have lost anywhere between 30% to 77% of their value in similar situations.
Many in the Pi community are now concerned that this upcoming unlock could result in heavy sell-offs from early holders or project insiders.
No Exchange Listing, No Strong Partnerships
Adding to the concern is the fact that Pi is still not listed on any major exchanges. That means there’s limited liquidity, making it harder for the market to absorb large sell volumes.
On top of that, there have been no significant enterprise partnerships or inflows of new capital to support demand.
Even during Pi2Day — one of the most symbolic events for the Pi community — the coin failed to see any meaningful price rally. Without major catalysts, the sentiment around Pi seems to be fading.
Impact On Pi Coin Prices
Meanwhile, token unlocks often impact how traders feel and can quickly move prices, especially for newer and more volatile coins like PI. Meanwhile, in late June & late July, 337 million new PI tokens are hitting the market.
If many of these unlocked tokens are sold right away in a market with low trading volume, the price could fall sharply, possibly even back to its previous low of $0.37.
As of now, PI has a circulating supply of 7.68 billion tokens and a market cap of about $4.06 billion. Currently, Pi coin is trading near $0.533.
Upcoming Token Unlocks Ahead
According to Pi Scan, a large number of Pi tokens will be unlocked in the coming months:
- Around 33 million in June
- Nearly 305 million in July
- Over 132 million in August
In total, more than 1.4 billion tokens are expected to be unlocked within the next year.
