Pi’s market value slides back to the previous demand territory, while the unlock schedule spells more trouble for Pioneers.
Pi Network’s (PI) main token Pi Coin has fallen into a very harsh market correction after last week’s 41% rally, infused with bullish news in relation to the ISO 20022 compliance and AI-driven partnership with OpenMind to build “Android for robots” that’ll serve Pi Network.
Regardless, the technical price readings suggest that Pi Coin’s (PI) upswing last week was not sustainable, but rather driven by the hype surrounding the Pioneer community. Poised for ISO 20022 activation, the altcoin briefly tackled $0.26 before sliding back to $0.20.
Pi’s Price Rally Stumbles Upon Familiar Hurdles
With Pi’s mainnet now showing 16,411,806 active accounts, the migration procedures seem to have picked up pace. Last week, Pi’s Core team scored a deal with OpenMind, bringing the AI start-up to Pi Network in the full-fledged utility push.
However, the Pi community is showing concern over the hefty Pi Coin unlocking rate, now averaging a monthly unlock worth $5 million, according to PiScan’s blockchain explorer. On top of that, the highest Pi daily unlocks are looming in late 2027, with 432.34 million of Pi tokens to be unlocked in one go.
This schedule shall take a break in November, 2028, pouring all of the 12,763,462,185 Pi Coins into circulation. With Pi’s price coming off a fresh all-time low at $0.1721 on October 10, 2025, market connoisseurs are worried about the inflation rate overshadowing Pi Network’s new utility cases, citing stagnant trading volumes as the key reason.
With $44 million in daily trading volume on Spot markets, Pi garners substantially less in trading volume than lower-ranked altcoin peers, including VeChain (VET), Algorand (ALGO) & Story (IP). For bulls to regain the steering wheel, Pi’s $0.26 resistance level is the one to watch out for. If matched with sufficient trading volume, Pi can tackle the September levels of $0.35.
As of press time, the altcoin recouped $0.22 as a major demand area, but Bitcoin’s (BTC) slide below $105,000 could dictate a selling tone among large holders, otherwise known as whales. At the moment, the crypto whales are divided, with the Chaikin Money Flow (CMF) dwelling at -0.03 after intense profit-taking earlier this month.
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