Pi Network falls to record low of $0.10 as 127M token unlock looms

Jason Wu

·Jul 08 2026, 11:30

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Key Takeaways:

Pi Network fell 10% to $0.102, hitting a new all-time low on Wednesday
A 127 million token unlock threatens to add further selling pressure
The token has declined for five consecutive sessions amid bearish sentiment

Pi Network fell 10% to $0.102 on Wednesday, hitting a record low as a 127 million token unlock threatened to add further supply pressure.

The token has declined for five consecutive sessions, with 24-hour trading volume reaching $13.8 million, according to CoinGecko. Pi Network's market capitalization stood at $1.12 billion as of Wednesday, ranking 62nd among all cryptocurrencies. The previous all-time low was set just a day earlier at $0.101, which the token briefly touched during the session.

The circulating supply is 10.9 billion tokens out of a total supply of 16.8 billion, with a maximum supply capped at 100 billion. Pi Network has lost 77.5% of its value over the past year and trades 96.6% below its all-time high of $2.99, set on Feb. 26, 2025, shortly after its initial exchange listings. The token's 30-day decline stands at 20.5%, accelerating from a 10.3% weekly drop. Bitcoin fell about 12% over the same period, highlighting Pi's relative underperformance.

The 127 million token unlock, representing about 1.2% of the circulating supply, is scheduled to release tokens to early adopters and contributors. If recipients choose to sell, the additional supply could push PI below the $0.10 level for the first time. Pi Network operates in an enclosed mainnet phase where transfers are restricted to whitelisted parties, with no confirmed date for open mainnet migration. This prolonged transition has constrained price discovery and left token holders unable to freely trade or transfer their holdings outside of centralized exchange listings.

This article is for informational purposes only and does not constitute investment advice.