Pi Network gold sponsor TOKEN2049! October may welcome an explosive opportunity, but a major risk must be heeded.

Pi Network (PI) will be the gold sponsor at the TOKEN2049 event in Singapore on October 1-2, with co-founder Dr. Fan Chengdiao giving a speech focusing on real-world applications and innovative solutions in Web3. This global top-tier encryption event may become an important opportunity for Pi Network to enhance its international exposure, but the upcoming token unlocking wave may also bring short-term pressure to the price.

Pi Network takes the global stage

Event Information: TOKEN2049 is one of the largest encryption cryptocurrency events in the world, expected to attract over 25,000 attendees and 300 speakers.

Dr. Fan's Theme: Exploring how encryption and blockchain can achieve social utility, analyzing the challenges of Web3, and proposing innovative solutions to promote real-world applications.

Strategic significance:

1. Enhance the brand awareness of Pi Network in the global Web3 community.

2. Demonstrate its commitment to "real-world practicality + community building".

3. Attract more developers, investors, and partners.

This is not the first time Pi Network has appeared on the international stage. Earlier this year, co-founder Nicolas Kokkalis gave a speech at the Consensus conference in Toronto, Canada.

PI Price Status and Technical Analysis

(Source: CoinGecko)

Current price: approximately 0.34 USD

Recent trend: There was a brief rebound at the end of August, but the monthly performance is still a loss.

Technical key level:

Support: $0.344 (If it falls below, it may create a new low)

Resistance: $0.37 (technical rebound after breakthrough)

Potential Risks: Token Unlocking Tide

Time point: On September 21, 13 million PI will be unlocked, setting a new historical high for single-day unlocks.

Influence:

After unlocking, token holders may sell off long-term locked assets.

An increase in short-term supply may trigger a price correction.

Positive factors:

After September 21, the unlocking rhythm will slow down, possibly providing breathing room and rebound space for PI.

Market Outlook

Bullish Scenario

The international exposure brought by TOKEN2049 attracts new capital and partnerships.

After the unlocking tide ends, selling pressure eases, and prices stabilize and rebound.

Bearish Scenario

The unlocking pressure on the day was too high, breaking the support at 0.344 US dollars.

International exposure has not translated into substantial demand, and market sentiment has cooled.

Conclusion

Pi Network is about to receive global attention at TOKEN2049, which could be an important opportunity to push PI out of its slump. However, the massive unlocking on September 21 is a "double-edged sword"—it could trigger short-term selling pressure but may also pave the way for a rebound in October after the selling pressure is digested. For investors, the next three weeks will be a critical window to observe PI's trend.