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Pi Network (PI) Price Prediction: The token supply lacks a "clear" control mechanism, trading volume is sluggish, and selling pressure is increasing.
Today (9) in the Asian early session, Pi Network (PI) has slightly rebounded, currently reporting at 0.4604 USD, still unable to return to the important threshold of 0.5000 USD. Due to an increasing number of token issuances and a lack of clear supply management methods, Pi coin is facing growing dumping pressure. As a result, community members have now lost confidence in the long-term prospects of this token. Against the backdrop of a general rise in the crypto assets market, the sluggish attitude of the Pi Core Team (PCT) has also dampened investors' optimism.
Analyst Shares Reasons for Pi Network Price Stagnation
Cryptocurrency expert Zoe recently mentioned in an article on X (formerly Twitter) that she believes the main issue lies in the continuously growing supply of the Pi Network. Since its inception, the network has allowed users to mine through mobile devices. However, as more and more Pi coins enter circulation, the price is under downward pressure, especially in the absence of deflationary mechanisms (such as token burning).
A community member pointed out that the total supply of Pi is 100 billion tokens, and currently only about 2.5% have been unlocked and are available for trading. In addition, there are 5.2 billion tokens that have been transferred but are in a locked state due to time restrictions.
Currently, only 7.6% of the Tokens are available. The remaining 92.4% is still uncertain. The official schedule for when or how the remaining Tokens will be released into the market has not yet been announced.
The lack of transparency in token issuance, circulation, and distribution remains a key issue. Institutional investors and major exchanges may remain cautious until Pi Network provides clearer details.
Pi Network Token Unlock Continues
As the Pi Foundation prepares to issue a large number of tokens, short-term concerns are intensifying. It is expected that over 19 million Pi coins will be unlocked, worth nearly 10 million dollars at current market prices. Next month, there are plans to issue over 272 million Pi coins, with an average of 10 million tokens entering circulation each day.
The unlocking plan may release tokens worth over 106 million dollars. Such a significant increase in the available number of tokens may exceed current market demand, which could lower the price of the PI coin unless its usage or popularity significantly increases.
Will token burning increase the price of Pi coin?
According to CoinGape analysis, with the development of Pi Network, many community investors hope to establish a token issuance system to alleviate inflation. They are concerned that without this system, the price of Pi coins may continue to slowly decline.
This situation highlights a critical moment for the Pi Network. The Pi Network has strong community support and is well-known. However, its long-term price stability depends on better supply management and the growth of demand.
As of the time of publication, the price of PI coin remains stable, with fewer buying and selling activities, and the decrease in trading volume indicates a reduction in sellers.
(Source: Trading View)