Can Pi Coin Survive Its Bearish Pressure? Looking at the Current Sentiment

Pi Coin, the digital asset connected to the Pi Network, has had a rollercoaster journey in the crypto space. Its massive user base, the so-called "Pioneers," has held onto a vision of Pi being the next big thing in cryptocurrency.

However, the market’s volatility and recent sell pressure present challenges to Pi’s continued success. The question on everyone’s mind is whether Pi Coin can survive this bearish pressure, especially as the Pi unlock events approach.

Let’s take a deep dive into the situation to understand what’s happening and what could be next for Pi Coin.

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Pi Network Faces Heavy Sell Pressure

Pi Network has always been a project filled with optimism, and it still maintains a strong community of Pioneers. However, as Q2 2025 rolls in, Pi faces significant sell pressure. The unlocking of Pi tokens will play a major role in this.

In May, June, and July, millions of Pi tokens are scheduled to be unlocked, which will increase the circulating supply drastically. To put it into perspective, May alone will unlock over 212 million tokens, and by July, that number will rise to 233 million. This increase in circulating supply puts downward pressure on Pi’s price.

For many, these unlock events raise concerns. More Pi tokens in circulation means more potential selling, which could lead to further price declines, especially when trading volumes are already low.

This is exacerbated by the lack of liquidity in the market, as Pi Coin’s trading volume has seen a drastic drop of 96% from its launch. With trading volume falling from over $1.3 billion to just about $45 million, it's becoming increasingly difficult for the market to absorb the new supply.

Rising Supply and Falling Demand: A Perfect Storm?

As the unlock events approach, one of the biggest concerns for Pi Coin is the rise in supply coupled with a severe drop in demand. The Pi Coin’s availability on centralized exchanges (CEXs) has surged in recent months.

From February to May 2025, the Pi supply on exchanges has doubled, with exchanges like Bitget and OKX holding over 200 million Pi tokens combined. With this much Pi on exchanges, many investors could be ready to sell, which increases the risk of Pi’s price continuing to drop.

What makes this even more challenging is the lack of liquidity growth to match the increasing supply. While more tokens are entering the market, the demand simply isn’t there to balance it out.

The result? A situation where investors may be left holding onto tokens that are difficult to sell without impacting the price. This could further drive the bearish sentiment surrounding Pi Coin.

Is There Hope for Pi Coin? A Community With Optimism

Despite the tough market conditions, many in the Pi community remain hopeful about Pi Coin’s future. Several factors support this optimism, including rumours that Binance, one of the largest cryptocurrency exchanges, may soon list Pi.

Unconfirmed reports suggest that Pi’s Core Team is in the final stages of negotiating with Binance. If this happens, it could provide a significant boost to Pi’s liquidity and exposure in the crypto market.

Another point of optimism comes from Dr. Nicolas Kokkalis, the founder of Pi Network, who will be attending Consensus 2025. His appearance could be a sign that the Pi Network is moving forward with new developments.

In addition, Pi Network has achieved several significant milestones since launching its mainnet, including integrations with Chainlink and Telegram Crypto Wallet. These steps forward demonstrate that the Pi Network is still growing and evolving, despite the bearish pressure.

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Pi Price Prediction: Can Pi Overcome the Bearish Pressure?

Currently, Pi Coin’s price is hovering around $0.58, holding steady since early May. This reflects the cautious sentiment among Pi traders, as many await the results of upcoming unlock events and potential exchange listings.

While the bearish pressure is undeniable, some factors could give Pi Coin a chance at recovery.

If Binance does indeed list Pi, it would likely provide much-needed liquidity to the market. Additionally, if the Pi Core Team continues to achieve significant milestones, such as more integrations and partnerships, the long-term outlook could improve.

However, short-term price fluctuations are likely, and Pi’s performance may remain volatile for the foreseeable future.

Conclusion: A Rocky Road Ahead

The future of Pi Coin is still uncertain, and it’s clear that Pi Network faces significant bearish pressure in the short term. The upcoming unlock events and rising supply, combined with a lack of liquidity and falling demand, create a challenging environment for Pi Coin.

However, the Pi community’s optimism, along with rumours of exchange listings and new partnerships, suggests that Pi Coin may yet have a chance to bounce back. The road ahead for Pi will not be easy, but with the right developments and continued growth, Pi Coin could surprise the market.

FAQs

1. What is Pi Coin and why is it important?

Pi Coin is a cryptocurrency connected to the Pi Network, a project with a large community of users (Pioneers). It aims to make cryptocurrency accessible to everyone, though its market performance remains volatile.

2. What is causing Pi Coin’s current bearish sentiment?

Pi Coin is facing bearish pressure due to a sharp increase in circulating supply from upcoming unlock events, coupled with a dramatic drop in trading volume and liquidity.

3. Could Pi Coin’s price recover soon?

While Pi Coin’s price is facing pressure, factors like the potential Binance listing and new partnerships could lead to a price recovery in the long term. However, short-term volatility is expected.