In a dramatic turn of events, Pi Coin has slumped to its lowest-ever value of $0.35, sparking widespread debate and concern across the crypto space. This drop comes at a particularly sensitive time—just ahead of Pi Network’s planned token unlock, a move that could significantly change the token’s supply dynamics.

🔍 What’s Happening ?

Pi Network, known for allowing users to “mine” crypto from their mobile phones without draining battery or needing advanced hardware, built up a global user base of tens of millions during its testnet phase. However, until now, the Pi tokens earned within the network remained locked and largely unavailable for open trading.

With the token unlock event on the horizon, a major shift is expected: a large volume of Pi tokens will soon become transferable, allowing early adopters and miners to finally trade or liquidate their holdings.

📉 Why the Price Drop ?

The anticipation of a sudden increase in token supply appears to have rattled the market. Many users fear a classic “sell-off scenario,” where a flood of unlocked tokens might overwhelm demand, leading to a further collapse in price.

In reaction, some holders are preemptively selling, possibly through grey markets or peer-to-peer exchanges, driving the current price downward. This behavior reflects not just concern about the unlock itself, but also uncertainty surrounding Pi’s actual utility and listing status.

❓ Still No Official Listing

Adding to the confusion is the fact that Pi Coin is not officially listed on any major centralized exchange (CEX). While some platforms show speculative prices, the Pi Network core team has not confirmed any recognized market valuation or exchange partnership. This has led to an environment full of speculation, misinformation, and volatility.

💬 What Are Analysts Saying ?

Crypto analysts suggest that the current situation is a classic case of "sell the news" behavior. When a major event like a token unlock looms, especially without clear listing plans or utility adoption, early holders often choose to exit rather than risk loss.

On the flip side, some believe the token unlock could increase transparency and market accessibility, allowing Pi to finally transition from a closed ecosystem to a real-world tradable asset—but only if handled with clarity and timing.

Note: Investors should remain cautious and rely only on verified sources before making any financial decisions related to Pi Coin or similar assets.