Pi Network, once seen as a quiet underdog, is now facing one of its biggest tests yet. Starting late June, around 337 million Pi tokens will be unlocked — and that’s just the beginning.
With over 1.4 billion tokens expected to hit the market in the coming year, many Pi holders are asking the same question: Can the price survive this much pressure, or is a major drop on the way?
337 Million Pi Tokens to Unlock In July
According to the Pi scan, a large number of Pi tokens will be unlocked in June and July 2025, with around 337 million Pi tokens being unlocked — roughly 4.1% of Pi’s circulating supply.
Meanwhile, the current total volume of the upcoming 337 million Pi tokens will be around $179 million worth of Pi potentially entering the market.
This isn’t just a routine event. Historically, big unlocks like this have been followed by sharp price drops across many tokens. Some have lost anywhere between 30% to 77% of their value in similar situations.
Many in the Pi community are now concerned that this upcoming unlock could result in heavy sell-offs from early holders or project insiders.
No Exchange Listing, No Strong Partnerships
Adding to the concern is the fact that Pi is still not listed on a
