5.6M Pi tokens unlock today – Will it trigger a breakout on the charts?

• 5.6M Pi tokens will be unlocked today as part of a larger 1.56 billion annual release schedule
• Sentiment has weakened lately amid roadmap confusion, with $0.60 support at risk too

With 5.6 million Pi Network tokens scheduled to be unlocked today, market watchers are split – Will this influx spark renewed momentum, or trigger a wave of profit-taking?

Well, the price action so far has held firm at the $0.60 support level, but the coming hours could define the short-term trajectory. As holders weigh their next move, the community is preparing for heightened volatility and potentially, a shift in sentiment.

Pi token unlock – What you need to know

Today’s 2.8 million PI token unlock may seem modest, but it’s just the tip of the iceberg. Throughout April 2025, over 108.9 million PI tokens are set to be released, according to data from PI Scan.

This month marks the beginning of an aggressive unlock schedule that will see more than 1.56 billion PI tokens enter circulation over the next year.

Monthly unlocks are expected to average 134.39 million tokens, peaking in December 2027 with a massive 432.3 million release.

With 190.9M, 226.6M, and 233.4M tokens scheduled for May, June, and July respectively, supply pressure could steadily build – Testing investor conviction.

Past unlocks show mixed reactions as roadmap concerns mount

PI’s token unlocks have had unpredictable market impact. The 19 April unlock of 7.8 million tokens led to a 6% price hike, suggesting bullish sentiment. On the contrary, the 16 April release of 2.8 million tokens triggered a price dip of over 2%, highlighting how supply shifts can quickly impact market dynamics.

However, sentiment is now being shaped by more than just token flows.

Pi Network’s long-awaited migration roadmap was meant to usher users into the open Mainnet era. Instead, vague timelines and inconsistent token visibility have sparked confusion. Many “pioneers” are voicing frustration over the lack of clarity on when their tokens become usable – Adding pressure to a community already bracing for more supply.

PI price outlook

At press time, Pi Coin was hovering just above $0.63 after shedding over 75% of its early March gains. The RSI sat at 43.8, indicating muted momentum and keeping the asset in neutral territory – Neither oversold nor ripe for a rebound.

Meanwhile, the OBV has steadily declined to -13.66M, reflecting weakening buying pressure amid steady sell-offs.

With no strong volume support and broader market uncertainty around unlocks, the $0.60 support zone could face a test. A breakdown below might open the door to further downside unless bullish conviction returns swiftly.