Pi Network's PI token has climbed 25% over the past week, reaching roughly $0.093. The move comes after the token hit a new all-time low of about $0.07 in mid-July. But a looming unlock of 127.5 million PI tokens over the next 30 days could test the rally's staying power.
The price move
PI's recovery mirrors a broader crypto market uptick — Bitcoin is above $66,000 and Ethereum is targeting $2,000. The token had been sliding for weeks before bouncing off that $0.07 floor. Still, the gain is modest in absolute terms: PI remains well below its all-time highs from earlier in the year.
The unlock pressure
Approximately 127.5 million PI tokens are scheduled to be unlocked in the next 30 days. That's a significant chunk of circulating supply hitting the market all at once. The Pi Network team has been quiet lately — no new ecosystem updates, no announcements. That silence doesn't help sentiment when supply is about to balloon.
Analyst takes
Not everyone is bearish. Analyst Crypto Gopal spotted a 'Falling Wedge' pattern on PI's chart, which often signals a potential bullish breakout. Another analyst, OxNeena, pointed to signs of accumulation after months of selling pressure. But some analysts warn the rally may be short-lived. High supply and previous pullbacks after similar bounces give them reason to be cautious.
Market tailwind
The broader crypto recovery is giving altcoins a lift. Bitcoin reclaiming $66,000 and Ethereum pushing toward $2,000 has pulled many tokens higher. PI is riding that wave, but it's unclear whether the token has enough independent momentum to withstand the unlock. The next few weeks will show whether the rally has legs or if it's just a dead cat bounce.
