At present, PI is priced around $0.38 – well below its all-time high of $2.99 and just above its 2025 low of $0.32. The token’s prolonged downtrend has been fueled by supply increases, exchange-driven selling pressure, and ongoing technical weakness.
A major factor weighing on Pi’s price is the upcoming wave of token unlocks. By August 16, approximately 170 million PI – worth around $64 million—will be released, with 9.8 million hitting the market on August 12 alone. Historically, similar unlock events have led to drops exceeding 30 percent, as early miners sell their holdings. Pi’s circulating supply has already grown by 22 percent since June, further diluting market value and straining demand.
The sell-side pressure is amplified by rising exchange reserves. Exchange-held PI has surged to 407 million tokens, an 82 percent increase since May, with Gate.io holding nearly half of that.
This trend suggests that more tokens are ready to be sold, a concern heightened by Pi’s low turnover ratio of just 3.3 percent. Thin liquidity means that even modest sell orders can have a significant impact on price.
From a technical perspective, Pi remains under bearish control. The token recently fell below both its 50-period simple moving average at $0.3796 and the 78.6 percent Fibonacci retracement level at $0.389.
While the RSI is at a neutral 46, the overall trend remains trapped in a descending channel since May. Resistance stands at $0.40, with support at $0.32 being the key level to watch. A minor bullish divergence on the MACD histogram has yet to confirm any meaningful shift in momentum.
Despite the challenges, there are potential triggers for a rebound. August’s daily unlock pace is slightly slower than in recent months, which could provide some relief if buying pressure picks up. Persistent rumors of a Binance listing also fuel speculation, and a softer U.S. inflation report on August 12 could lift overall crypto sentiment. However, Pi’s token-specific headwinds may limit the scale of any short-term rally.
Reaching $10 in the near term appears unlikely. While some overly bullish forecasts predict dramatic gains – citing global adoption and ecosystem expansion as catalysts – most conservative estimates keep Pi under $1 for the foreseeable future. Without significant utility growth, broader exchange adoption, and increased institutional interest, the journey to double-digit prices remains more of a long-term vision than an immediate reality.
In the weeks ahead, the market’s reaction to the August unlocks will be critical. Traders will also watch closely for changes in exchange reserve levels and any credible news of major exchange listings. Until Pi shows stronger demand fundamentals, its price path will likely remain constrained, making the $10 milestone a distant goal.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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