Pi Network is facing a critical moment: while its AI ambitions gain traction, upcoming token unlocks and exchange inflows are sparking fears of a price collapse. October 31st’s developments reveal both promise and pressure.
The crypto world is watching Pi Network with bated breath. After weeks of buzz around its AI partnership with OpenMind, the project now faces a sobering reality: 119.93 million PI tokens are scheduled for release in November, representing 2.4% of its locked supply. That’s a tidal wave of liquidity—and it’s making traders nervous.
Price Pressure Builds
In just 24 hours, 6.28 million PI tokens flowed into centralized exchanges, suggesting that some holders are preparing to sell. Analysts warn that this could drive Pi to new cycle lows, especially if demand doesn’t keep pace with supply. The coin, which recently rallied to $0.2918, has already slipped back to $0.2592, down 2.7%.
The question now: Can Pi’s utility outpace its inflation?
AI Integration Gains Momentum
On the innovation front, Pi Network is still charging ahead. Its partnership with OpenMind, a robotics OS developer, marks its first foray into AI. Together, they’ve completed a proof-of-concept project that could bring Pi into real-world machine coordination. It’s a bold move—one that positions Pi as more than just a speculative asset.
If successful, this could anchor Pi’s value in tangible use cases, from decentralized robotics to smart infrastructure.
Technical Signals: Bullish or Bear Trap?
Technically, Pi recently broke above its 50-day Exponential Moving Average at $0.2638, a bullish signal. But with token unlocks looming, some traders fear this could be a bull trap. The next few days will be critical: if Pi holds above this level, momentum may continue. If not, the sell-off could accelerate.
What’s Next?
Pi Network is no longer just a mobile mining experiment. It’s a project straddling two worlds: the speculative chaos of crypto markets and the structured ambition of AI integration. Whether it thrives or stumbles will depend on how well it balances these forces.
For now, the market is watching. And waiting.