Pi Network token falls below $0.13 as 127.5 million PI unlocks approach

The cryptocurrency Pi Network continued its decline, slipping below the $0.13 support level and reaching a new trough around $0.1187. Sellers retained control, with the token trading inside a descending channel and technical indicators showing bearish momentum.

Approximately 127.5 million PI, about 2 % of the locked supply, are set to unlock within the next 30 days, raising concerns about additional selling pressure. The daily unlock schedule peaks on June 25 with roughly 7.45 million PI becoming available.

Exchange data revealed net outflows of about 260 000 PI, indicating active sellers across major platforms such as Gate.io, Bitget and Kraken. The broader crypto market also weakened, with the Fear & Greed Index dropping to 46 and major assets like Bitcoin and Ethereum falling.

Pi Network is preparing ecosystem upgrades ahead of the Pi2Day event on June 28, including a new staking‑based app directory aimed at boosting visibility for developers.