- Over $317M worth of Pi tokens will unlock in 30 days, possibly increasing short-term market volatility.
- Pi Coin’s breakout above $0.85 signals renewed bullish momentum and potential retest of key resistance levels.
- Major ecosystem updates, including exchange listings and the Open Network launch, are drawing renewed investor attention.
After a strong 105% weekly gain, Pi Network has entered a consolidation phase as the market reacts to upcoming token unlocks. The asset recently surged from $0.59 to a high of $1.62 before pulling back slightly to around $1.53. Despite the minor drop, Pi remains one of the top performers among major digital assets in May.
This rally has boosted its market capitalization to $8.41B with trading data suggesting heightened demand, with volume expanding across multiple exchanges. However, the real focus now shifts to token unlock schedules and ecosystem developments that could shape short-term price movements.
Token Unlocks May Stir Short-Term Volatility
Currently, 5.17 billion Pi tokens, worth $6.19 billion, remain locked as of May 14. Over the next 30 days, 265.44 million tokens—valued at approximately $317.92 million—will be unlocked. This represents 5.13% of the total locked supply.
Each day, an average of 8.85 million Pi tokens, or $10.6 million in value, is set to enter circulation. The largest single-day unlock is expected on May 16, when 14.75 million tokens, worth $17.67 million, will be released. These token releases may contribute to increased price fluctuations as the supply in active circulation grows over the coming weeks.
Technical Breakout and Current Market Structure
Pi is poised for a major breakout following a breakout from a descending triangle that formed between late March and mid-April. After stabilizing near the $0.60 level, the price rebounded sharply, breaching key resistance around $0.85.
At press time, Pi was trading at $1.18 marking a 6.61% increase. The current resistance zone lies between $1.32 and $2.00, with any strong push above this level opening potential for higher targets between $2.30 and $2.80. On the downside, failure to hold above $1.09 could prompt a pullback toward the $1.0 region.
Ecosystem Milestones and Market Attention
Pi Network’s recent growth aligns with major updates across its ecosystem. The February launch of the Open Network allowed external transactions and listings on major platforms like OKX and Bitget. Developer activity continues as the network pursues its goal of supporting 100 decentralized applications.
A key update is scheduled for May 14, coinciding with the Consensus 2025 Summit. Pi’s founder is expected to speak during the event. Meanwhile, speculation around a potential Binance listing has fueled further interest among market participants. Moreover, Pi Coin’s growing ecosystem, unlocks coming up and the breakout sentiment will fuel more price action – if community interest translates into demand.
