4,000,000 PI in 24 Hours: Is Pi Network’s Price Ready to Rebound?
The downfall of Pi Network’s native token has solely intensified as of late, prompting many neighborhood members to query the mission’s legitimacy and to define bearish forecasts.
However, one indicator suggests {that a} short-term rally is likely to be knocking on the door.
Abandoning Exchanges
Earlier this week, Pi Network’s PI slipped to roughly $0.18, fairly shut to the all-time low of $0.17 witnessed in October final 12 months. There was a minor resurgence, but it surely presently trades round that stage, representing a 9% decline on a weekly foundation and an enormous 94% collapse for the reason that historic peak of $3 recorded in February 2025.
It is necessary to be aware that PI’s retreat isn’t an remoted case, because the broader crypto market headed south following elevated geopolitical pressure between the USA and the European Union stemming from the Greenland saga.
While the continuing setting appears closely in favor of the bears, the exodus from exchanges hints that not every part is misplaced for Pi Network’s token. More than 4 million cash have been transferred from such platforms to self-custody strategies in the previous 24 hours alone, lowering the fast promoting strain.
As of this writing, the entire quantity of PI saved on exchanges equals roughly 419.7 million. Over 50% of these are located on Gate.io, whereas Bitget comes in second with 145.7 million.
Are the Bears Here to Stay?
Pi Network boasts an unlimited and devoted neighborhood base, but its persistent downtrend and ecosystem points have fueled mounting backlash from some members. Not way back, X person Pi Update described the mission as “the longest-running crypto cope” and criticized “the infinite KYC queues, frozen balances, compelled lockups, and nonetheless no actual open mainnet.”
They additional famous the shortage of main alternate listings, arguing that “in some unspecified time in the future you have got to admit this isn’t early – it’s late and nonetheless unfinished.”
X person pinetworkmembers additionally just lately chipped in, claiming it’s “onerous to keep bullish” on PI in the mean time. They famous that the coin has failed to observe the general market resurgence in the opening days of the 12 months and pointed to unclear provide, “no actual open mainnet,” centralized management, and locked balances as most important hurdles.
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