#PI Pi Network is facing supply pressure in September! Can it hold the $0.35 level? Or will it surge after the accumulation period? In September 2025, Pi Network (PI) is at a critical moment—prices are hovering around $0.35, facing dual pressures from exchange supply hitting a new high and the unlocking of 164 million Tokens. The market is asking: Is this a precursor to Pi falling to new lows, or a signal for takeoff after long-term accumulation? Exchange supply surges: Warning of increased selling pressure (Source: Bitcoin Magazine) According to Piscan data, the Pi coins held by CEX (Centralized Exchange) have surpassed 420 million, setting a new historical high. Compared to 409 million in mid-August, this has increased by 11 million in just two weeks, indicating a large influx of Tokens into the exchange, significantly raising the potential dumping pressure. Daily trading volume is less than $100 million → Low liquidity High supply + low turnover → Easily amplifying challenges in the Bear Market. The greater challenge is that 164 million PI will be unlocked in September, according to the issuance roadmap, this is part of a long-term release plan extending to 2028. Even if released in batches daily, it may further depress prices in the short term. Favourable Information: Technological upgrades and ETP listing Despite the heavy supply pressure, the Pi team is still advancing infrastructure: 1. Linux Pi Node goes live → Expanding node participation and technical community activity 2. Protocol upgraded to v23 → Enhancing processing speed, security, and scalability 3. Valour launches Pi ETP → Listed on the Swedish Spotlight stock exchange, opening new avenues for traditional investors. However, these favourable developments have yet to reflect in the price, indicating that short-term technological and financial innovations are insufficient to counter the dumping pressure from the supply side.