Pi Network Set To Unlock 276 Million PI Tokens: Key Dates To Know

Pi Network will unlock more than 276 million PI tokens over the next 30 days, with June seeing one of the largest scheduled unlocks this year. According to on-chain data, this represents roughly 5.31% of the total locked supply.

The daily average unlock stands at over 9.2 million PI, translating to approximately $6.8million in USD equivalent. On 28 May, Pi Network is releasing 13.63 million tokens — the highest single-day unlock in the period.

These unlocks are based on claimable balances, which include both user-locked tokens and those distributed by the Pi Core Team. Unreleased PI coins, still held in inaccessible balances, is not included in this tally.

Pi coin token unlocks can increase volatility

June 2025 will open with sustained high-volume unlocks. Between 1 June and 6 June, daily unlocks will range from 8.1 to 11.9 million tokens. This elevated volume will set the tone for the month.

The chart shows two more notable spikes — on 6 June and 11 June — where unlocks again approach the 12 million mark. Between those days, releases temporarily dip to around seven million PI before rebounding.

From mid-June onward, unlocks stabilize between 7 and 8.5 million tokens per day. This steadier rate could help moderate sell pressure, though volumes remain significant.

Over the past two weeks, PI’s price has dropped nearly 40%, falling from its early May peak near $1.20 to $0.75. The unlock cycle is contributing to this slide, with increasing supply entering circulation amid weak demand.

On-chain analytics show a steady movement of newly unlocked PI to centralized exchanges. This trend signals that many holders intend to liquidate their assets rather than hold.

At current market prices, the total June unlock represents over $204m worth of tokens entering potential circulation. Unless matched by increased buying activity or new ecosystem developments, the price may continue to face downward pressure.

The total locked supply of Pi remains above 5.19 billion tokens, valued at approximately $3.85bn. However, as more users unlock tokens and gain the ability to sell, that locked figure will steadily shrink.

The Pi Network ecosystem is expanding, including a newly launched venture fund, but those efforts have yet to reverse the short-term market sentiment.

Traders are closely watching whether the network can absorb the unlocks without triggering further price drops.

As June begins, investors will need to monitor daily unlock volumes and exchange flows. These metrics will likely dictate short-term price action and community sentiment around PI.