Ah, Pi Network. Such a tantalizing concept, yet its price has been as thrilling as watching paint dry over the past few weeks. We’ve had a few desperate attempts to climb, but it’s kind of like trying to convince your cat to take a bath – not exactly happening. 🐱🛁
And as we wade into August, here’s a fun twist: a massive token unlock looms like a dark cloud waiting to unleash its fury on this already fragile market. Just what we need, right?
156 Million PI Tokens Are About to Party Like It’s 1999 – But Who’s Invited?
Brace yourselves, folks. According to PiScan (it’s like a magic eight ball, but less useful), 156 million tokens worth a staggering $68 million are scheduled to be released over the next month. And let’s just say… this isn’t exactly the day at the amusement park we were hoping for.
With this token unlock, we’re looking at a potential tsunami of supply—because what better way to celebrate summer than to make this token even less appealing? Cheers! 🍹
Trading at a stunningly thrilling $0.43, Pi has somehow managed to lag behind a crypto market that’s throwing crazy parties. While other tokens are out there hitting all-time highs like they’re at a Beyoncé concert, Pi is awkwardly sitting in the corner, nursing a cheap drink.
With over 250 million tokens released into circulation this month alone, it’s like trying to navigate a crowded subway at rush hour—good luck finding any real buying demand to balance out this avalanche.
PI Faces A Grim August: Is Anyone Buying?
The daily chart is flashing all sorts of “run for the hills” warnings. Sadly, Pi’s Accumulation/Distribution (A/D) line, which shows how much people are buying versus selling, has been on a downward spiral since June 26. Ouch! 📉
Currently sitting at -1.01 million, it’s plummeted over 85% since quaintly optimistic June. If you’re looking for signs of life or interest in Pi, you might want to search for a psychic because it’s not showing up here.
Seriously, when your A/D line is tumbling like an Olympic gymnast, selling volume is clearly outweighing buying pressure. Anyone seen that demand we talked about? Anyone? Bueller? 🚶
And word on the street: following a failed attempt to break above the neutral line on July 22, Pi’s Relative Strength Index (RSI) is sliding downwards like a snail on a slippery slope, currently resting at a sad 38.92. The sellers, it seems, are just loving their front-row seats to this show.
The RSI is like that fickle friend who keeps telling you to leave the party when it clearly shows no signs of a good time. It hangs in the realm of 0-100, with anything under 30 basically shouting “oversold” while Pi grimly hovers at 38.92.
Can PI Survive August’s $68 Million Supply Flood? Or Is It All Over?
Unless some brave buyer courageously steps forward to soak up those 156 million tokens, Pi could be on a direct flight to its all-time low of $0.40. Sad face. 😢
But wait! In the fickle world of crypto, anything is possible. If buyers suddenly decide it’s their time to shine and help stabilize Pi’s price, we might just see a glimmer of hope above the $0.46 resistance level. Until then, it’s a wild ride!
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2025-07-30 05:36