Pi Network token falls to a new all-time low amid weak demand and June token unlocks

Pi Network's PI token dropped to a new all-time low near $0.126 after declining more than 30% over the past month. The move came amid weak demand, thin liquidity, a broader crypto selloff, and over 163 million PI tokens set to unlock in June, including nearly 16 million on June 11. Ecosystem updates such as a developer center and new games from CiDi Games were mentioned as long-term positives but have not offset the current supply pressure.
AI Analysis
The article reports a new all-time low, a month-long decline of more than 30%, weak demand, thin liquidity, and a large June unlock schedule. These are direct bearish factors for the token and could drive short-term trading interest.