Pi Coin is showing signs of life after climbing 6% in the past 24 hours. It’s now trading at $0.64, and the move has sparked fresh interest from the Pi Network community. Some traders are wondering if this could be the start of a new rally—but not everyone is convinced.
7.8 Million Coins Unlocking Could Shift Momentum
The price bump comes just ahead of a key event: 7.8 million Pi coins are set to unlock on April 19. This follows an ongoing trend of daily unlocks—around 6.8 million coins released each day.
According to market analyst Dr. Altcoin, most of these newly unlocked coins are heading straight to centralized exchanges, increasing sell pressure. In the last few days, the amount of Pi available on exchanges has risen from 354 million to 368 million. Meanwhile, total circulating supply has reached 6.88 billion coins.
coinpedia.org