It’s been 5 months and 11 days since $PI started trading on exchanges, and to be honest, I’m still waiting to see its true potential. Back in February, it reached an all-time high (ATH) of $2.98, which got a lot of people excited. But since then, things have gone quiet, and the price hasn’t come close to that level again.
Now, with the upcoming token unlock, there’s been some fresh sentiment on X.
Some platforms are even offering rewards to people who deposit PI, probably to build hype and help the token grow again.
That brings up a couple of questions I’ve been thinking about:
What’s holding $PI back right now? Is it lack of interest, weak market conditions, or something else?
Can $PI reach its ATH again soon? Or is it going to take more time and real progress to get there?
It still feels like the project has potential, but something is stopping it from taking off. I’m curious to hear what y'all think—especially with all the talk around the new rounds of unlock scheduled.
You’ve raised some solid questions, and I think you’re not alone in wondering what’s really holding $PI back.
In my opinion, there are three main factors at play:
1.Token unlocks = selling pressure: When early adopters or insiders get access to unlocked tokens, many of them take profits, especially in a shaky market. That creates downward pressure and kills short-term momentum — even if the fundamentals are promising.
2. Uncertain utility and adoption: While $PI generated massive hype during the pre-listing phase, we're still waiting to see strong real-world use cases or clear utility that separates it from other L1s or “community-driven” tokens. Without strong demand drivers, price recovery becomes a waiting game.
3. Macro conditions + market fatigue: Altcoins are in a weird spot. Unless a project is part of a hot narrative (like AI, RWAs, or L2s), it's hard to attract new capital. Right now, many retail investors are sitting on the sidelines, and smart money is being selective.
That said, I wouldn’t write $PI off. The community is still active, and if the team delivers real tech or integrations beyond the hype, we might see a more organic climb — though probably slower and less explosive than some expect.
What we need now isn’t more hype — it’s proof of traction. If that shows up post-unlock, then $5 won’t sound so far-fetched.