Pi Network’s token has spent weeks locked between $0.20 and $0.22, even as the wider crypto market surged at the start of the year.
At a Glance
- Bitcoin’s January rally to $98,000 left PI behind
- 4.5 million PI tokens will unlock in the next 30 days
- No outside capital is flowing into the ecosystem
- Why it matters: Holders wait for a catalyst that could break the stalemate
While bitcoin ripped almost $10,000 higher to a two-month peak, PI failed to follow. Altcoins posted mid-week gains, yet PI’s price action stayed flat, prompting Olivia M. Hartwell to ask ChatGPT what could end the deadlock.
Supply Glut Caps Upside
ChatGPT pointed to a mounting supply overhang. Unlike liquid altcoins, PI faces steady token unlocks. Early recipients who have waited months for transferability are selling into any uptick, capping rallies.
PiScanUnlock data shows an average of 4.5 million PI will become transferable over the next 30 days, a pace that is expected to swell immediate selling pressure.
No Fresh Capital
The AI tool stressed that external money is absent. Recent altcoin moves were driven by bitcoin profits rotating downstream, but PI remains isolated from that flow. Ecosystem expansion has not translated into buying demand.
What Could Spark a Breakout
ChatGPT told News Of Losangeles that PI needs “one or more major catalysts, not just routine updates.” The list includes:
- Large-scale merchant adoption that uses PI as payment
- A widely-used PI-native app that requires the token
- Network mechanics that cut circulating supply via burns, locks, or staking
Liquidity must also broaden beyond the core community. This does not hinge on a Binance or Coinbase listing, but it does require capital from outside the PI universe.
A narrative shift on supply would help. If the Core Team slows unlock schedules, adds long-term lock incentives, or introduces deflationary features, then even modest demand could have outsized price impact.
First Update of 2025 Falls Flat
The Core Team released its first major update of the year, promising to cut PI payment integration time to under ten minutes. The market shrugged; the announcement did not move the token’s range.
Price Gridlock Continues
With unlock pressure rising and no fresh buyers in sight, PI remains stuck. Traders are watching for the catalyst-or supply change-that could finally push price out of the $0.20-$0.22 channel.
