Pi Coin is showing signs of investor resilience even after falling from $1.40 to nearly half its value in just one week. According to Pi Scan, around 14 million Pi tokens were recently moved from an exchange to private wallets. Such activity is often interpreted as a bullish signal—suggesting that major holders are moving assets into cold storage to hold for the long term.
This mirrors a previous withdrawal of 70 million Pi from the OKX exchange, which sparked speculation that the Pi Core Team or insiders were behind the move. While some fears of a sell-off linger, the trend of large transfers to wallets may reflect growing investor confidence in Pi’s long-term potential.
Exchange Holdings Hit Record High as Unlock Nears
At the same time, Pi Coins held on centralized exchanges have reached a record-breaking 397 million. This coincides with today’s scheduled unlock of 7.6 million Pi, which could inject fresh supply into the market and spark short-term price volatility.
This contrast—record-high exchange balances alongside massive wallet transfers—suggests a split in investor sentiment. While some traders may be preparing to sell, others are clearly positioning for future gains.
Also Read: What Could Move Pi Coin’s Price Today? 3 Updates from Pi Network That Could Have a Big Impact
Bullish Forecasts Offer Hope for Pi Holders
According to CoinCodex, Pi Coin could see a recovery this month, with a projected price increase of 24% to $0.937. Longer-term projections are even more optimistic, with estimates of $2.34 by June and potentially $4.44 by November 2029, depending on user growth and platform development.
While short-term technical signals remain weak, long-term indicators hint at possible buying opportunities for strategic investors.
Conclusion: Despite market turbulence and a major unlock event, Pi Coin is seeing significant on-chain movement that may indicate growing investor faith. If predictions hold true, Pi could be poised for a steady climb throughout 2025 and beyond.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m the cryptocurrency guy who loves breaking down blockchain complexity into bite-sized nuggets anyone can digest. After spending 5+ years analyzing this space, I’ve got a knack for disentangling crypto conundrums and financial markets.
