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PI Token on the Brink: $68M Unlock Set to Shake the Market
August could be brutal for PI holders. A looming token unlock is about to inject 156 million PI into circulation—worth over $68 million at current prices. With the altcoin already teetering near its all-time low of $0.40, this unlock could trigger a deeper breakdown.
PI Price Under Pressure as Supply Skyrockets
PI is currently trading at $0.43, unable to ride the bullish momentum lifting much of the crypto market. While other altcoins are printing new all-time highs, PI Token is sinking under the weight of relentless supply. Over 250 million tokens hit the market in July alone—and the sell pressure shows no signs of slowing.
This oversupply has left buyers sidelined. With weak demand and limited bullish momentum, PI Token remains stuck in a narrow, fragile range.
Bearish Signals Flashing Across the Board
Technical indicators paint a grim picture. The Accumulation/Distribution (A/D) line, a key metric tracking buying versus selling volume, has collapsed. Since June 26, it has fallen over 85%, currently sitting at -1.01 million.
Such a sharp drop reveals a disturbing trend: sellers are in control, and buyers are drying up fast.
Is a Breakdown Inevitable?
Unless new demand steps in quickly, August’s token unlock could flood the market and push PI Token below critical support. With bearish sentiment rising and no reversal signals in sight, PI Token faces a make-or-break month.
