The latest data shows that Pi Network has completed the migration mapping of 7.8 billion Tokens, of which 5.2 billion are in a Lock-up Position. Currently, 2.6 billion Tokens have completed the staking period and have been unlocked for circulation. It is worth following that approximately 5.5 million Pi Tokens are unlocked and released daily, which means that about 160 million new Pi Tokens will enter the market for circulation each month.

This large-scale and continuous unlocking pattern undoubtedly exerts tremendous pressure on the price of the Pi Token. From a market perspective, such a significant increase in supply is likely to exceed the current demand, thus creating downward pressure on the token price.

However, this unlocking mechanism may also be seen as a necessary path for the project to mature. It allows early supporters to receive returns while gradually releasing tokens to meet market demand. However, during this process, how to balance the new supply with market demand will be a significant challenge for the Pi Network team.

For Pi holders and potential investors, closely following the market reactions in the coming months is crucial. At the same time, how the project team utilizes these newly released Tokens to promote ecosystem development will also be a key factor in determining the future direction of Pi.