PI Network has officially released 2.8 million PI tokens into circulation today as part of its monthly unlock plan. This event marks one of the most closely monitored developments in the cryptocurrency space this April due to the potential impact on market dynamics.
According to PI Scan, the blockchain explorer tracking PI Network activity in real-time, the unlock is a small part of a more extensive release schedule expected to run throughout the year.
A total of 108.9 million PI tokens are set to be unlocked in April alone. Over the next twelve months, the network will gradually introduce more than 1.56 billion PI tokens into the market.
Also Read: Pi Coin Explodes 80% as Bitunix Launches Futures Trading for PI Token
During this release cycle, the network will expose approximately 134.39 million tokens to monthly unlocking events. December 2027 holds the maximum monthly token release record, with 432.3 million tokens expected to become available to the market that month.
Price Movement and Investor Reactions Post-Unlock
The price of PI has experienced significant volatility since its initial launch earlier this year. On February 20, the token began trading at $0.1071. It then surged by 2,688.79 percent, reaching a high above the $3 mark just six days later.
The positive market momentum started disappearing not long after reaching its peak. The sell-off activities and market uncertainty resulted in an 81.58% decrease in PI value from February 27 to April 4. From April 5 onwards, the token price fluctuated within limited boundaries, spanning from $0.4040 to $0.7894.
Source: Tradingview
Trading data indicates that PI is currently priced at $0.6174, which is much lower than when it reached its peak in late February. The market shows a keen interest in its reaction to the newest token additions as protocols release a substantial volume into circulation today.
Trading volumes showed no significant change despite a recent rise in supply. Several market participants choose to observe and evaluate the complete ramifications of the new unlock schedule before making their moves.
Conclusion
With 2.8 million new tokens entering circulation today, the PI Network’s unlock strategy is entirely underway. The coming weeks could be critical for understanding how the market absorbs the added supply.
While immediate price impact remains limited, sustained movements in either direction may depend on broader market trends and investor sentiment.
Also Read: Chainlink Adds Pi Network to Data Feeds as PI Coin Rallies to $0.75
