PI Coin could become really scarce in three years' time

Monthly Unlocks Set to Fall Sharply After 2029

Pi Network's (@PiCoreTeam) token unlock schedule is drawing fresh attention from analysts and community members, with projections showing monthly releases could shrink to just a few thousand $PI per month by 2029. That would mark a dramatic slowdown from the volumes being released today.

According to the unlock schedule being tracked by community observers, July 2029 is set to see 3,405 PI unlocked. The months that follow show similarly modest figures: 2,488 PI in September, 2,841 PI in October, 2,698 PI in November, and 3,694 PI in December, with a single-month spike of 15,722 PI in August representing the only notable outlier in that window.

To put those numbers in context, roughly 128 million PI, worth around $10.5 million at current prices, were set for release in July 2026 alone . The contrast with the 2029 projections is stark.

What Declining Supply Could Mean for $PI

The bull case is straightforward: with far fewer coins entering circulation each month, the persistent sell pressure that has weighed on $PI since its open mainnet launch in early 2025 would ease considerably. A major reduction in monthly unlock amounts could have different implications depending on ecosystem growth, user demand, and overall adoption.

That context matters because the road to 2029 is not without its headwinds. Crypto analyst Travladd has warned that Pi's long-term unlock schedule could create selling pressure, estimating that around $505 million worth of PI could unlock between now and June 2029. However, token unlocks do not automatically mean immediate selling, as some users may continue holding or using PI within the ecosystem.

There is also the question of token burns. Most major cryptocurrencies with supply pressure issues have implemented burn mechanisms to permanently remove tokens from circulation. Pi Network has not. The practical consequence is that PI has no supply-side deflationary pressure, and every token ever issued will eventually enter circulation. That means the 2029 unlock slowdown is best understood as a reduction in new supply flow rather than a structural contraction of total circulating supply.

On the broader tokenomics picture, the maximum supply of Pi is 100 billion tokens, of which 65 billion (65%) are allocated for community mining rewards, 10 billion (10%) for foundation reserves, 5 billion (5%) for liquidity, and 20 billion (20%) for the Core Team.

For now, the 2029 projections offer a longer-term narrative for holders: if demand holds or grows while new supply dries to a trickle, the conditions for a tighter market in $PI would be in place. Whether that translates to price appreciation will depend heavily on real-world adoption and ecosystem utility in the years ahead.

Sources
Coinpedia: Pi Network Token Unlocks and Supply Wave Analysis
Pi Network Official Blog: Mainnet Migrations Roadmap and Tokenomics
BingX: The 2026 Pi Tokenomics Guide