Pi Core Team Moves Over 500 Million Pi in Early February as Token Falls More Than 94%
Nearly a full yr has handed since Pi opened its community and was listed on exchanges. However, Pi’s worth efficiency has disenchanted many Pioneers, as the token has dropped round 94% from its all-time high. Recent exercise suggests the Pi Core Team could also be rolling out new plans to strengthen the ecosystem.
At the identical time, heavy unlock strain is elevating considerations that the downtrend might worsen.
Pi Core Team Moves Over 500 Million Pi in Early February
Wallet addresses labeled by Piscan — a Pi Network knowledge monitoring platform — as belonging to the Pi Core Team recorded a number of giant transactions in the primary days of February. This exercise got here as Pi’s worth fell about 25% yr to this point, buying and selling close to $0.16.
One main transaction concerned the PI Foundation 1 pockets moving 500 million Pi, value greater than $80 million. The pockets didn’t switch Pi to exchanges. Instead, the funds have been despatched to a different inside pockets additionally labeled as PI Foundation 1.
The transfer adopted an announcement from the Pi Core Team stating that greater than 16 million Pioneers have accomplished Mainnet migration. Around 2.5 million Pioneers who have been beforehand blocked on account of safety checks have now been unblocked and might migrate.
The staff additionally introduced that over the subsequent few weeks, greater than 700,000 Pioneers will acquire entry to use for KYC. In addition, a reward distribution system for KYC validators is at the moment being examined. Deployment is anticipated by the tip of March 2026.
Many Pioneers believe the staff’s on-chain transfers are preparations for upcoming plans.
“These updates mirror ongoing efforts to broaden entry to KYC and Mainnet migration, enabling broader participation in Pi’s ecosystem,” Pi Network stated.
On the optimistic aspect, extra Pioneers finishing Mainnet migration might make the Pi ecosystem extra lively and increase demand. However, it might additionally check long-term investor confidence, pushing holders to resolve whether or not to promote or proceed holding.
More Than 193 Million Pi to Unlock in February
Piscan knowledge reveals that greater than 193 million Pi will unlock in February, value over $31 million. This is the most important unlock quantity scheduled for the interval from now to October 2027.
On common, the subsequent 30 days will see more than 7 million Pi unlocked per day, equal to round $1.1 million.
A current BeInCrypto report noted that Pi’s buying and selling quantity on exchanges has dropped sharply. Daily quantity stays weak, exhibiting no enchancment and staying below $20 million. Low quantity mixed with heavy unlock strain creates a unfavourable combine that continues to weigh on worth.
However, early February has proven some indicators of demand returning. Exchange steadiness knowledge compiled by Piscan signifies that Pi reserves on exchanges have began to say no after months of staying elevated.
Pi trade balances at the moment stand at round 419.9 million Pi, down from 427 million Pi final month. While the decline continues to be modest, it means that early accumulation may be underway as costs stay low.
BeInCrypto’s newest evaluation suggests optimistic sentiment might return. February is seen as the anniversary month of Pi Network’s trade debut. Investors are additionally looking forward to Pi Day in March.
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