Pi Network is facing supply pressure in September! Can it hold the $0.35 mark? Or will it surge after the accumulation period?

In September 2025, Pi Network (PI) is at a critical moment – the price hovers around $0.35, facing dual pressure from record high exchange supply and the unlocking of 164 million Tokens. The market is asking: Is this a sign of Pi's fall to new lows, or a signal for To da moon after long-term accumulation?

Exchange supply surge: Warning of increased selling pressure

(Source: Bitcoin Magazine)

According to Piscan data, the number of Pi coins held by CEX (centralized exchange) has surpassed 420 million, setting a new historical high. Compared to 409 million in mid-August, it has increased by 11 million coins in just two weeks, indicating a large influx of tokens into the exchange and a potential surge in selling pressure.

Daily trading volume below 100 million USD → Low liquidity

High supply + low trading volume → easy to amplify bear market fluctuations

The greater challenge is that in September, 164 million PI will be unlocked. According to the issuance roadmap, this is part of a long-term release plan that continues until 2028. Even with daily batch releases, it may further suppress prices in the short term.

Positive event: Technical upgrade and ETP listing

Despite heavy supply pressure, the PI team is still advancing the infrastructure:

1. Linux Pi Node launch → Expand node participation and technical community activity.

2. Upgrade to v23 → Improve processing speed, security, and scalability

3. Valour launches Pi ETP → Listed on the Spotlight exchange in Sweden, opening a new entry for traditional investors.

However, these positive factors have not yet manifested in the price, indicating that in the short term, technological and financial innovations are insufficient to offset the selling pressure from the supply side.

Accumulated strength: Psychological barrier at 0.35 USD

(Source: Trading View)

Although selling pressure is heavy, PI has consistently held at $0.35 for more than a month, indicating that long-term investors and "whales" are continuously accumulating.

Technical Analysis: MACD and RSI indicators show bullish signals.

Market observation: If more exchanges list + whales continue to accumulate, there may be a short-term challenge to 0.64 USD.

Risk Warning: If the support is breached, it may first test 0.20 dollars before rebounding.

This type of accumulation trend is commonly seen in altcoins during the buildup phase before a breakout.

Signal of market sentiment warming up

Recently, Pi Network has returned to the CoinMarketCap trend list and bullish sentiment list, indicating a resurgence in community enthusiasm.

Positive interpretation: Emotional recovery can become a short-term price catalyst.

Potential risks: If the overall cryptocurrency market continues to fall, PI may still be affected.

Conclusion

In the short term, Pi Network faces a dual challenge in September with supply reaching a new high and large-scale unlocking, which may result in continued fluctuations in price or even a retest of lower levels.

In the long term, technological upgrades, the listing of ETPs, the resurgence of community activity, and the ongoing accumulation by whales lay the foundation for a rebound in the coming months.

For pioneers, this may be a key period for "accumulating experience and tokens"—once market conditions warm up, Pi is expected to take off from the $0.35 defense line, ushering in the next growth cycle.