Pi Network’s native token, PI, is facing significant headwinds as it approaches a major unlocking event this month. Analysts warn of potential price drops, with a move towards $0.314 appearing more likely than reaching the symbolic $3.14 or higher. 160 million PI tokens are set to be unlocked by the end of April, potentially driving further selling pressure and leading to a significant price drop. Here’s why: The current supply is already low at around 6.8 billion tokens, with more than 5.1 billion locked in mining rewards. Recent shifts in token movement also indicate investors may be cashing out their holdings. This has further compounded the concerns, leading some to believe a price crash could be imminent.