Pi Network Price Under Pressure as Daily Token Unlocks Hit 12.5M

Pi Network: 12.5 Million Tokens Released Daily Amid Data Blackout

One figure summarizes Pi Network’s problem better than any chart: 12.5 million tokens unlocked in a single day, according to announcements regarding the March 3 unlock. Social media is flooded with messages urging immediate purchases, but most share a common trait: the authors already hold tokens and need prices to rise. The warning circulating in specialized channels is the opposite: research before buying, because key information remains hidden.

What Developers Hide: Migrations, Referrals, and Locks

The core issue isn’t technology, but the schedule. Developers haven’t published details on how many tokens will be released or when. Three pending factors remain: a huge volume of unexecuted migrations delaying delivery for months; an uncaculated volume of referral tokens; and constant releases from locked balances. The daily drip is the most visible part. Each day brings a new tranche, which the market absorbs as best it can.

This opacity directly impacts price: if no one knows how much supply is entering circulation, the current price is an illusion. Not necessarily because the project is fraudulent, but because it trades on incomplete information. Buyers today are betting blindly on a schedule only known by its designers.

Developers Sent 100 Million Tokens to Exchanges

A frequent accusation is that the core team sent 100 million tokens to exchanges and is selling them. If true, sell pressure comes not just from miners claiming rewards, but also from those controlling the project. This combination explains why the price struggles to hold.

Technical analysis supports this view. On the daily chart, behavior resembles a textbook pump & dump: rapid rise, late buyers entering, then decline. Whales reportedly sold near $3. Now, traders wait for price floor discovery, potentially below 30 cents, without ruling out 3 cents.

Narrative Manipulation: Bitcoin as Excuse

Another recurring argument involves using Bitcoin as an explanation. When Pi fell, blame was placed on BTC’s drop. However, BTC had been falling for days while Pi rose, because whales needed higher exit prices. When BTC rebounded strongly, Pi barely moved. The uncomfortable conclusion: Pi behaves like a meme coin or shitcoin, a toy for manipulating price volatility.

Project defenders cite market cap. With 100 billion tokens and a valuation around $100 billion, some argue this is absurd for such ambition, suggesting buys between 60 cents and $2. Full calculations including release scenarios and sell pressure indicate a much wider range.

Price Floor: Between 30 Cents and $3

Disagreement on the floor is total. One group sees $1.70 as support; if it holds, it’s a buy signal; if broken, next target is $1.20. Another marks $1.51 as reference and $1.09 as liquidity search zone. The most pessimistic third places the floor below 30 cents, with 3 cents as extreme scenario.

Notably, most positions assume violent price movement continues. The difference lies in direction. Those who bought at $3 and didn’t sell view charts differently than those who collected €1,000 or €3,000 by clicking daily.

Recurring Warning: Don’t Buy, Only Sell

The message underpinning warnings is simple: until transparency and full migration data are published, do not buy; only sell. This isn’t a crusade against crypto, but against information asymmetry. Those urging buys hold tokens; warners don’t necessarily profit from price drops.

Optimists’ comparison to Bitcoin—that Pi could replace it—is met with disbelief. For that, BlackRock would need to launch a Pi ETF, which isn’t happening. Overvaluation claims, like predictions of $314,000 per token, are laughed off.

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One unsettling fact remains: in a community-focused project, the loudest voices already hold tokens. Those seeking pure information still await the next day’s unlock.