The altcoin Pi Network (Pi) has experienced a significant surge in the past week, with its value rising by a remarkable 90%. Although there was a slight decrease in the last 24 hours, analysts remain focused on the long-term potential of this project. Despite market fluctuations, Pi continues to trade at a premium of over 59% compared to the past month, highlighting strong investor interest. However, upcoming significant coin release events may exert pressure on this upward trend.
265 Million Coins Set to Impact Market Dynamics
As of May 14, 2025, approximately 5.17 billion Pi coins are locked with a total market value exceeding $6.19 billion. In the next 30 days, around 265.44 million Pi coins are set to be unlocked. This represents 5.13% of the total locked supply and could potentially trigger a shift in market dynamics as many coins become available.
Sudden Supply Surges Could Impact Investor Psychology
A daily average release of 8.85 million Pi coins (approximately $10.6 million) is expected, with a particularly notable single-day unlock on May 16th of 14.75 million coins (worth $17.67 million). These sudden increases in supply can significantly impact investor sentiment and psychology, especially given the history of price movements in similar circumstances.
Technical Analysts Remain Optimistic
Despite these potential challenges, technical analysis remains optimistic about Pi’s future. A potential parallel channel formation on charts suggests that if a breakout occurs, Pi could surge by another 234%. This would place the project alongside major players with an estimated market cap of $39 billion.
Pi Network Price Analysis: From Recent Low to Potential Breakout
Originally piquing interest with institutional support, Pi Network experienced a decline to around $0.40 before recovering to $1.20 on the strength of buying activity and an ascending trend line. This momentum led to breaking through resistance levels and moving averages, positioning investors for further gains.
While short-term price volatility may increase in anticipation of upcoming releases, mid-term expectations remain strong as technical indicators and release dates play a key role in shaping Pi’s trajectory.