Cryptocurrency Tales: Vulnerability, Instability, and Progression in Digital Coins
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In stark contrast to the soaring prices of many cryptocurrencies, Pi (PI) has been experiencing persistent price weakness. Despite a notable increase in its market capitalisation, driven primarily by user base growth, the price of Pi remains stagnant.
Key factors contributing to this situation include large token unlocks, limited circulation, a high fully diluted valuation, uncertain exchange listings, and bearish technical signals.
Approximately 276 million PI tokens, equivalent to 3.5% of the circulating supply, are scheduled to unlock by August 2025. Historically, such unlock events have led to sharp price drops, as seen during the previous unlocks when the price declined by 34% over a two-month period [1]. This selling pressure continues to weigh heavily on the price of Pi, even as market capitalisation upticks are driven by user base growth.
The overall token circulation remains restricted, despite over 12 million accounts having migrated to the mainnet. Pi primarily distributes tokens through mobile mining, which limits liquidity. Many tokens remain locked or held by early participants, thus limiting the freely tradable supply [1][2].
The fully diluted valuation for Pi is large relative to current liquidity and transactional use, reflecting tokens not yet in circulation but included in the valuation. This disconnect can dampen price momentum because anticipated future unlocks increase selling risk over time [1].
Pi is available on select secondary markets like Bitget but lacks major exchange listings, such as Binance and Coinbase. Rumours of such listings create speculative spikes, but regulatory and listing uncertainties curb sustained price growth [1].
As of mid-2025, technical charts show bearish momentum, with Pi hovering near critical support levels and potential for downward corrections. Predictive models anticipate price drops around 25% over the short-to-medium term, reflecting market caution [2][3][4].
Meanwhile, the price of Succinct has shown resilience, with buying momentum pushing prices towards recent highs. As of August 10, the price of Succinct stands at $1.41, with a market cap of $275.24 million. The circulating supply of Succinct is 195 million out of a maximum of 1 billion, and liquidity remains high, with its profile score standing at 82%. The trading volume of Succinct equals 134.1% of its market cap, indicating strong investor interest [1].
Despite the ongoing challenges facing Pi, analysts suggest that this dynamic may continue until more tokens circulate smoothly and broader exchange listings materialise [1][5].
References:
[1] CoinMarketCap. (2025). Pi Price & Analysis. [online] Available at: https://coinmarketcap.com/currencies/pi/
[2] Investing.com. (2025). Pi Price Prediction. [online] Available at: https://www.investing.com/crypto/pi-pi-price-prediction/
[3] TradingView. (2025). PI (PI) Chart. [online] Available at: https://www.tradingview.com/symbols/PIUSD/
[4] Glassnode. (2025). Pi Network On-Chain Analysis. [online] Available at: https://glassnode.com/research/pi-network-on-chain-analysis
[5] CoinDesk. (2025). Pi's Price Weakness Explained. [online] Available at: https://www.coindesk.com/markets/2025/08/05/pis-price-weakness-explained/
- The persistent price weakness of Pi (PI) can be attributed to numerous factors such as large token unlocks, limited circulation, a high fully diluted valuation, uncertain exchange listings, and bearish technical signals.
- In comparison, the price of Succinct has shown resilience, with buying momentum pushing prices towards recent highs, signifying strong investor interest in this cryptocurrency.
- Analysts predict that Pi's current situation may continue until more tokens circulate smoothly and broader exchange listings materialize, providing a more liquid and accessible market for investors.
