
15/07/2025
Why is PI’s price down today?
Pi's price dropped 4.8% in 24h due to token unlock sell pressure, lack of major exchange listings, and bearish technical structure.
Token unlocks added 19M PI ($8.3M) to circulation on July 4, No Binance/Coinbase listing despite community demand
Technical breakdown below key moving averages ($0.47 SMA7, $0.51 SMA30)
Deep Dive
1. Primary catalyst
The July 4 unlock of 19.2M PI (per PiScan) marked the largest single-day release since February, increasing selling pressure from early miners and whales. This follows a pattern where 337M PI ($147M) will unlock through July 15 according to roadmap schedules (Pi Network Ventures).
2. Market dynamics
Pi remains excluded from top 10 exchanges (0.09% market dominance) due to unresolved issues:
- Closed-source blockchain code
- No third-party security audits
- Centralized control of 72% supply by Pi Foundation
These factors deter institutional liquidity - PI's 24h turnover ratio of 2.87% signals shallow markets vulnerable to whale moves.
Conclusion
Pi's decline reflects structural weaknesses in accessibility and trust, amplified by scheduled supply inflation. With RSI at 38.18 nearing oversold territory, watch for stabilization near $0.41 Fibonacci support. Can Pi overcome exchange listing barriers before September's 93M token unlock?