Will Pi Coin Reach $1 or Drop Even Deeper? 223 Million Tokens Set to Be Unlocked

Pi Coin, one of the most debated projects in the cryptocurrency field, has seen a modest recovery today with a bullish increase of over 3%. Despite this increase, the token continues to struggle below a significant resistance level of $0.70, constrained within a narrow trading range. Is a challenge lurking? A large supply shock is ahead, with 223 million Pi tokens expected to be issued in the next 30 days. Unlock today: A glimpse of what is to come Starting today, 5.8 million Pi tokens are being unlocked. Although it has its own significance, this event is just the beginning of a much larger issuance. If not met with significant demand, the upcoming supply could put downward pressure on an already volatile asset. The main concern is that many of these tokens belong to early miners, who may rush to liquidate their assets—adding to market instability. Bit Journal notes that the limited practical application of Pi Coin and the lack of a strong ecosystem exacerbate risks, making the organic demand to absorb newly issued tokens limited. Holding at 0.66 dollars: Important support or a pitfall? At the time of the press report, Pi Coin was trading near $0.66, a level that analysts have identified as technically significant. A daily close above this support level could spark hopes for a bullish move towards the elusive $1 mark. However, if it cannot hold, especially when facing such a large unlock, the token could quickly revert to the $0.50 area—or lower. For bullish speculators, a sustainable price increase will require a surge in buying volume to offset the anticipated wave of selling pressure. Otherwise, the market may stagnate under the weight of excessive supply. Reality check: Is the price target of Pi Coin reasonable? One of the most obvious weaknesses of Pi Coin is its excessively large supply. With 6.9 billion tokens in circulation and a maximum supply of 100 billion, ambitious targets like $10 or even $1 per coin start to seem unrealistic. Conversely, the limited supply of 21 million coins of Bitcoin is the main driver behind its value. Without a similar scarcity model or an increase in real-world adoption, Pi Coin may continue to struggle to justify even its current market valuation. There is still no strong use case in the real world. Despite its initial ambition to become a globally accepted payment solution, the use of Pi Coin in the real world has not met expectations. While some small businesses have started accepting Pi as a payment method, these individual examples are still far from reaching the necessary scale to change the fundamentals of the market. To realize long-term value, the project must prioritize expanding the ecosystem and promoting utility. Otherwise, the price will primarily remain speculative and easily affected by supply shocks. Conclusion Although the short-term bullish trend remains within the realm of possibility, the large token issuance poses a clear and present threat to the stability of Pi Coin. Until the project demonstrates stronger economic applicability and usage, its long-term viability remains uncertain. As usual, traders should closely monitor the price levels, token issuance schedule, and the evolving community strategy.