Pi Coin Under Pressure: 263M Token Unlock Threatens $0.741 Support as Bears Dominate

Pi coin is hovering NEAR a critical support level at $0.7411 as a massive wave of token unlocks threatens to outpace fragile demand. The protocol is set to release 263 million PI tokens in June alone, followed by 233 million in July and 132 million in August—totaling over 1.5 billion coins entering circulation within the next year.

On-chain metrics show concerning trends: accelerating exchange inflows indicate holders may be preparing to sell, while technical indicators signal bearish momentum. The BBTrend sits at -34.26, with MACD confirming downward pressure. Market sentiment is fracturing following CCN’s report of potential insider dumping during May’s price peak, fueling rug pull speculation.

Privacy concerns surrounding Pi Network’s app add to the bearish outlook. While retail investors remain hopeful, the combination of supply inflation, weakening demand, and eroding confidence creates a challenging technical picture for this altcoin.