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Is Pi Network Price Heading For a Major Crash? 600M+ Tokens Unlocking by Year-End
The Pi Network is bracing for an unprecedented surge in token unlocks, with over 620 million tokens set to enter circulation by the end of this year. This sudden influx of supply has sparked concerns about price pressure and liquidity, potentially sending the token’s value plummeting.
Recent reports indicate that a staggering 139 million Pi tokens will become available in August, followed by 116 million in September, 93 million in October, 102 million in November, and an astonishing 170 million in December. This massive supply surge is expected to continue with daily migrations pumping 3-5 million Pi tokens into the market.
The sudden increase in circulating supply has raised alarm bells among analysts and users alike, who are worried that there may not be enough demand or liquidity to absorb this flood of new tokens. Without these essential elements, the price of $Pi could face significant downward pressure.
Critics have expressed concerns that the Pi Network’s reluctance to decentralize further and form external partnerships or secure exchange listings will only exacerbate the problem. They argue that such a move would help to provide much-needed liquidity and attract real-world demand.
The sudden unlock of hundreds of millions of tokens has already caused chaos in the market, with a single-day release of 337 million Pi tokens leading to a sharp 25% decline in price. This development serves as a stark warning about the perils that lie ahead should the token’s value not stabilize.
As the dust settles on these unprecedented unlock events, it remains unclear what the long-term implications will be for holders of $Pi. However, one thing is certain: without drastic changes to attract real-world demand and bolster liquidity, Pi Network’s price may be doomed to crash in the face of this monumental supply surge.
It is essential that the Pi Core Team takes immediate action to revamp their strategy, embracing decentralization, partnerships, and exchange listings to prevent a catastrophic decline in $Pi’s value.
Source: coinpedia.org
