The Pi Network token (PI) is facing significant downward pressure as exchange inflows surge and the number of tokens released continues to increase. The price has fallen nearly 54% from its May peak, currently trading around $0.7570 after a drop of over 13%. This decline comes amidst a growing number of transactions by investors who are shifting their holdings to centralized exchanges. 3.075 million Pi coins flowed into these platforms in the last 24 hours alone. Net flows to major exchanges like OKX, Bitget, and MEXC all exceeded significant levels. This suggests that many investors are selling off their Pi Network holdings following a dramatic 80% price drop from its all-time high. Adding to this pressure is a continual increase in the number of Pi coins being unlocked daily. Over 263 million coins will be released in June, followed by 233 million in July, and 132 million in August. This significant supply release coincides with decreasing demand for Pi Coin. When supply increases while demand softens, this usually results in further price decline. A recent drop in retail interest is also contributing to the downward trend. As social dominance scores have fallen from 1.15% in April to 0.24%, and social volume has declined significantly, suggesting that investor engagement may be waning. Technical analysis shows that Pi’s price continues to fall, dropping below the 25-period EMA and falling into a bearish flag pattern, often a precursor to further downside. If confirmed, initial support levels sit at $0.6300, aligning with the ascending trendline connecting recent swing lows since April 5th. A break below this level could open the door for more significant losses, with the next key support at $0.40, Pi’s lowest point on April 5th.