Pi Network (PI) is experiencing bearish pressure in November as significant token unlocking occurs. According to Piscan data, up to 4.85 million Pi tokens are being unlocked daily, with a total of 145 million expected to be released over the next 30 days. Additionally, exchange holdings of Pi have surged to a record 426 million, suggesting potential selling pressure. Despite these developments, some Pi supporters remain optimistic. They point to the limited actual circulation of the tokens and the core team's decision not to engage in active selling as factors that could mitigate the impact of the increased supply.