Pi Network Faces Downside Risk Ahead of 8.7M Token Unlock on Christmas Day
is bracing for potential tradeing pressure as the largest token unlock of December approaches on Christmas Day. This is happening at a time when technical signals are pointing to a bearish trend and market enthusiasm is waning.
The price of the Pi Network has already dropped 31% from its November high of $0.279 to an annual low of $0.192 last week. This shows that it is fragile. Recent market data shows the token rose above $0.214 over the weekend but has since dropped back to about $0.203624.
Investors are more cautious now that the release of about 8.7 million PI tokens is set for December 25, 2025. At present rates, these tokens are worth about $1.76 million. shows this is the largest single unlock of the month. In total, roughly 54.7 million tokens will be distributed in December, worth around $11.07 million.
When many tokens are unlocked at once, they become less rare and add more supply to the market. This might create tradeing pressure if there isn’t enough purchaseing demand to offset it. The article says that “investor demand also fell because of the 8.7 million PI token unlock,” leaving many in a wait-and-view mentality.
A Bearish Technical Setup Appears
Since late October, PI has made a traditional double top pattern on the daily chart. The tops are around $0.285, and the neckline support zone is between $0.192 and $0.196. If the support fails, this bearish reversal formation signals that prices could decline further.
The Supertrend has turned red, indicating bearish control, and the lines have struggled to cross above the zero line, suggesting consolidation is ongoing, or the market is still down.
Analysts say that if the neckline support fails, could drop to $0.153, a decrease of around 24% from current levels. But if the defence holds and the price bounces back from this zone, it might invalidate the bearish setup and allow for a recovery.
Mixed Outlook Despite Ecosystem Efforts
The unlock comes alongside recent updates from the Pi core development team at improving infrastructure and making it more useful in the real world. These efforts could get people more involved and assist ease some of the tradeing pressure if they lead to real growth in the ecosystem. However, the market is still cautious.
Token unlocks have been a common topic in Pi Network in 2025, making the project more volatile as it moves toward greater . Traders are keeping a close eye on whether demand can handle the fresh tokens or if the bearish trends will take over, as the Christmas Day event added to monthly supply pressures.
As the holidays get closer, the crypto community will be keeping a close eye on PI’s price movements. The unlock could be a turning point for short-term sentiment in this well-known project. Right now, the downward bias remains very strong due to a combination of technical fragileness and heightened supply concerns.
