Network activity for Pi Network enters a critical phase in April, as approximately 239.5 million Pi tokens will be unlocked over the next 30 days. The largest release will occur on April 9 — 18.28 million Pi, with the peak reaching 22.78 million on April 16. Daily trading volumes remain weak — $21–26 million, which is insufficient to support the price. Currently, Pi is stabilizing around $0.17–$0.18, significantly below its 2025 highs. Network metrics indicate that the supply growth outpaces demand, creating bearish pressure.

The network enters a decisive phase this month, with about 239 million Pi tokens being unlocked over the next 30 days. This is a significant portion of the new supply that will suddenly become available for trading.

And since demand is not yet strong enough to absorb this supply easily, Pi may face difficulties in short-term growth, despite efforts to stabilize prices.
April 9–19: Unlocking — supply peaks in the middle of the month

Between April 9 and 19, a substantial amount of Pi will be unlocked according to Piscan. The highest peaks occur in the middle of the cycle, with around 18.28 million Pi unlocked on April 9.

April 9: ~18.28 million PI
April 11: ~17.19 million PI
April 15: ~20.19 million PI
April 16: ~22.78 million PI (maximum)
April 17: ~18.87 million PI
April 18: ~5.98 million PI
April 19: ~3.90 million PI
In total, approximately 239.5 million Pi tokens will be unlocked over the next 30 days, accounting for about 4% of the total locked supply. On average, nearly 8 million Pi tokens enter circulation daily.
Supply growth meets weak demand

The main issue for Pi right now is imbalance. While supply is growing sharply, demand is not keeping up. Daily trading volumes, fluctuating around $21–26 million, are relatively low compared to the scale of incoming tokens.

This mismatch creates bearish pressure on the Pi price.
Price is held but not turning around

As of early April 2026, Pi stabilized in the range of $0.17–$0.18. However, this followed a sharp correction of more than 90% from its 2025 highs.

Such sideways movement at low levels indicates that the market is trying to absorb the supply but has not yet signaled a strong recovery. A similar pattern was observed in March, when bullish events triggered growth followed by sharp sell-offs due to holder exits.