Top 3 Reasons Pi Network Price May Surge Despite the Incoming Token Unlock
Pi Network faces a challenging period as 145.7 million tokens are unlocked within 30 days, leading to a sharp reaction in Pi coin price due to supply growth surpassing demand. A larger release of 173 million tokens is expected in December.
Unlocking of Pi Tokens and Its Market Impact
Pi Network has entered a tense period as 145.7 million tokens are set to unlock within the next thirty days. This significant increase in token availability poses challenges to the market dynamics.
Sharp Price Reaction Due to Supply Expansion
The Pi coin price has reacted sharply, primarily because the supply expands faster than the current demand. The rapid token unlock adds pressure to the ecosystem, causing heightened volatility.
Upcoming December Token Release
Looking ahead to December, the situation becomes even more critical as 173 million tokens are scheduled to enter circulation. This marks a significantly larger release, which could further intensify market dynamics.