#PI #PI 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 is hovering around $0.35, facing dual pressure from the exchange supply hitting a new high and 164 million tokens being unlocked. The market is asking: Is this a precursor to Pi falling to new lows, or a signal for takeoff after long-term accumulation? Exchange supply surges: a warning of increased selling pressure (Source: Bitcoin Magazine) According to Piscan data, the Pi coins held by CEX (Centralized Exchange) have surpassed 420 million, setting a historical high. Compared to 409 million in mid-August, there has been an increase of 11 million coins in just two weeks, indicating a massive influx of tokens into exchanges, leading to potential selling pressure. Daily trading volume is less than $100 million → Low liquidity High supply + low transaction → Easily amplifies the challenges of a bear market The greater challenge is that 164 million PI will be unlocked in September, according to the issuance roadmap, this is part of a long-term release plan that continues until 2028. Even if released in batches daily, it may further depress prices in the short term. Favourable Information: Technical upgrades and ETP listing Despite the heavy supply pressure, the Pi team is still advancing infrastructure: 1. Linux Pi Node launch → Expanding node participation and technical community activity 2. Upgrade to v23 → Improving processing speed, security, and scalability 3. Valour launches Pi ETP → Listed on the Swedish Spotlight exchange, opening a new entry point for traditional investors However, these positive developments have yet to be reflected in prices, indicating that in the short term, technological and financial innovations are insufficient to offset the selling pressure from the supply side.