Pi Coin’s price is currently hovering around $0.66, needing to close above this level for a potential surge to $1. If not, a flood of newly unlocked tokens could drive prices down. Today marks the unlocking of approximately 5.8 million PI tokens and another 223 million within the next month. This upcoming influx of supply comes amidst muted demand and may intensify downward pressure on prices. Pi Coin continues to struggle below $0.70 despite a modest 3% intraday gain. A strong close above $0.66 would pave the way for a rebound, but failing this could fuel selling pressure, potentially pushing prices down further as more tokens become available. Since its exchange debut in February, Pi Coin has experienced significant volatility – surging to highs near $3 before plummeting to around $0.40. Many early miners and long-term holders have been frustrated by these rapid price fluctuations. 3 primary factors have hindered Pi’s growth: **1. Selling Pressure After Unlocks:** Like other airdrop tokens, a surge in selling pressure is expected as lockup periods end. This occurs as users in regions like Africa and Asia sell their holdings for cash, releasing more supply to the market. **2. Limited Real-World Use:** PiCoin’s goal is to become a digital currency, but its real-world adoption remains limited. Only a small number of merchants accept Pi, suppressing demand driven by actual usage. **3. Immense Token Supply:** With over 6.9 billion circulating tokens and a potential maximum issue of up to 100 billion, Pi Coin faces the challenge of competing with Bitcoin’s fixed supply of 21 million. This creates a significant obstacle for achieving high target prices like $10 or $100. With hundreds of millions of tokens poised to enter the market over the next few weeks, and little sign of new buying pressure, Pi Coin’s price remains fragile unless there is a shift in market sentiment or adoption expands.