Pi’s native token, PI, experienced a significant price drop of over 12% within just one hour following the start of major token unlocks. While this sudden decline has caused some concern, analysts remain optimistic about the long-term outlook for the cryptocurrency despite short-term fluctuations. As previously reported by CryptoPotato, Pi’s price rebounded in recent weeks after reaching a low point earlier this year. 6.8 million PI were unlocked today on April 15th, marking the beginning of a period where the release schedule will accelerate significantly in the coming days. Experts predict that the next few weeks will see even larger unlocks as almost 10 million tokens are set to be released on April 18th. This surge in releases is expected to trigger increased selling pressure, potentially leading some investors to sell off their holdings. However, prominent crypto figures remain optimistic about PI’s potential for growth, with X user MOON JEFF even suggesting that a potential surge to an all-time high of $5 may still be achievable.