Pi Network (PI) community sounds the alarm: 600 million tokens will be unlocked before the end of this year, with limited practicality or exchange support.

The Pi Network (PI) community has issued a critical warning signal, stating that in the next five months, over 600 million tokens of Pi coin are planned to be unlocked. Among them, 139 million will be unlocked in August, 116 million in September, 93 million in October, 102 million in November, and 170 million in December.

Today (16th) in the European morning session, Pi coin is currently priced at 0.4474 USD, failing to reclaim the important level of 0.4500 USD.

Pi coin will unlock over 600 million tokens by the end of this year. At the same time, the daily migration activities of Pi Network will additionally add 3 to 5 million tokens into circulation. As Pi coin is already under pressure, many in the community are concerned that this surge may lead to a further price drop.

(Source: X)

Pi Community Sounds the Alarm

Supporters of Pi Network are not backing down. User @pinetworkmember warned in a post: "The price trend of $PI is expected to be more volatile in the coming months and could face tough times."

What are they most worried about? The lack of real demand to meet the ever-expanding supply. Liquidity is thin, and buyers are few and far between. Exchanges remain hesitant. Critics argue that the Pi core team (PCT) has not made enough effort to change this situation.

Although Pi App Studio has introduced low-cost application development, its ecosystem is still largely in an isolated state. "They don't want to give up control," a member said. "This is exactly their pain point. They are not ready to truly achieve decentralization."

Pi Token Unlock Concerns: Usability, Exchange Support

For millions of Pi coin supporters, this lack of openness comes at a cost. Many users have spent years mining $PI and promoting the network. Today, with the unlocking of tokens entering the market, their usability or exchange support is limited, and these efforts seem to have lost value.

Just the day before, on July 15, Pi Network unlocked 7.7 million Tokens. This raised further concerns: what does the issuance of each new batch of Tokens mean for Pi coin users and long-term market stability? As @pinetwork_world said: "Pi coin unlocked 7.7 million Tokens in a single day: what does this mean for pioneers and the market?" For many, the answer is simple: dilution.

What is the next step for Pi coin?

Given that the market value of Pi coin is 3.43 billion USD and the circulating token supply is 7.7 billion, its fundamentals seem precarious in the face of this unlocking storm. Its fully diluted valuation reaches as high as 44.55 billion USD, far exceeding current demand. Critics argue that unless the Pi core team opens the ecosystem to external developers, exchanges, and investors, market volatility will intensify.

The ecosystem needs real-world adoption, not just more tokens. Nevertheless, some remain hopeful. If Pi Network can shift towards true decentralization and better market integration, it may be able to regain the community's trust. But time is running out. For a project that once promised to reshape cryptocurrency for the masses, Pi coin must now prove that it can withstand its greatest test to date.