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Title: Can Pi Network Hit $10 by December 28?
The pi network has witnessed a significant drop in its value over the weekend, with its price falling to $0.532, which is down by an impressive 20% from last week’s high and a massive 56% decline since May’s peak. This drastic fall has resulted in a market capitalization below the $4 billion mark, despite several key updates announced on Pi Day 2.
Pi Network’s Price Movement Despite New Features
The Pi Core Team had recently announced an array of new features, including AI initiatives, upgrades to the Pi App Studio, and an Ecosystem Directory Staking system that enables users to stake Pi in order to increase app visibility. Other notable highlights included integration with Onramper, a Pi Wallet upgrade, and Node version 0.5.2 with enhanced security measures.
Notwithstanding these developments, the price failed to rally substantially due to concerns related to the impending token unlocks and centralized control of the project. Token Unlocks Pose Significant Sell Pressure
In the period spanning from late June to July 2025, approximately 276 million Pi tokens – which represents around 3.7% of the total circulating supply – will be unlocked. This will lead to an influx of over $215 million in potential sell pressure on the market.
Historically, similar token unlocks have been followed by drastic price declines ranging from a low of 30% up to as high as 77%. Given this precedent, there is a significant chance that this trend may continue.
Lack of Major Exchange Listings Hinders Growth
At present, Pi Network lacks crucial exchange listings, substantial partnerships with large enterprises, and new capital inflows, all factors which are essential for providing the necessary support and driving growth. Without these, the price of Pi is at risk of either falling further or remaining stagnant near its current lows.
The Future: A Bullish Second Half in 2025?
According to CoinDCX, Pi Network is expected to experience a bullish second half of 2025. It may begin around $1.20 in July and reach as high as $2.80 by December. There may be a slight dip in September before regaining momentum again.
Predicting the short-term price movement, Pi started the month at approximately $0.70 before falling steadily, eventually reaching a low of $0.42 mid-month. Between June 24-26, the price surged to nearly $0.66 before declining once more. Currently, it is trading around $0.52 – a level that has been tested multiple times and may function as short-term support.
It’s also worth noting that Pi recently broke out of a bullish falling wedge pattern and is currently retesting the breakout level. If momentum continues to build, the next target could potentially be the crucial $1 mark.
Source: coinpedia.org
