Pi Network price nears all-time lows as supply pressure mounts

Pi Network’s token price is nearing its all-time low as over 126.6 million PI tokens are set to be unlocked this month, increasing supply and pressuring demand.

Social cryptocurrency project Pi Network’s price approaches all-time lows as more and more coins are unlocked.

CoinMarketCap data shows that Pi Network (PI) is trading at $0.6722 as of press time, very close to its all-time low of $0.6152 reported on Feb. 20. The price action comes as over 126.6 million PI tokens are expected to be unlocked this month, equivalent to just under 1.87% of the coin’s current circulating supply.

Monthly Pi unlock chart. Source: PiScan

Read more