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Pi Coin Stalls Near $0.20 as Supply Grows and Volume Thins

Persistent token unlocks with muted volume leave the token vulnerable to a fresh leg lower.

Overview

  • PI trades around $0.2050 after weeks of sideways action and remains more than 90% below its 2025 peak.
  • Reported 24-hour turnover sits near $7 million, a small figure relative to a market value cited above $1.7 billion.
  • Circulating supply continues to expand through mainnet migrations and scheduled unlocks, including over 100 million tokens this month and about 1.2 billion over the next 12 months.
  • Holder data indicate whales have declined to 20 from 23 as the largest address accumulated roughly 393 million PI.
  • Technical analysis highlights a rising wedge and bearish pennant, with some forecasts pointing to a possible retest of the October low near $0.1534 if support breaks.