1,200,000 PI Tokens in 24 Hours: Is Pi Network’s Price Poised for a Further Recovery?

Find out what could trigger a potential rally for PI.

However, the price of its native token has failed to make a decisive breakout and remains in red territory on both the weekly and monthly time frames. However, one key factor indicates that a wave could be knocking on the door.

Leaving exchanges

Earlier this week, the PI fell to $0.19, but in the following days the bulls recovered some of the losses, and the price is now hovering around $0.20 (according to CoinGecko data).

While this could only be a small resurgence, the recent shift from exchanges to self-control methods suggests that a more substantial pump could be on the way. Data shows that in the last 24 hours, more than 1.2 million tokens left such centralized platforms, which typically translates into reduced selling pressure.

At the time of writing, there are approximately 428 million PI on exchanges, more than half of which is stored on Gate.io. Bitget is in second place with 147.6 million assets.

Furthermore, the upcoming token unlocks are less aggressive than those of recent months. Nearly 165 million coins will be released over the next 30 days, which equates to an average daily unlock of approximately 5.5 million units.

Some die-hard fans of PI remain optimistic and continue to make bullish predictions. Recently, X user Web3_Vibes suggested that the price could head north once it bounces off the support level around $0.192. Others have predicted scenarios where PI reaches the amazing goal of $100 and even beyond. Of course, that seems pretty ridiculous and even impossible at this point.

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Some community members are losing patience

Despite the optimism shared above, many industry participants are disappointed with PI’s negative performance. X user pine network members claimed the project started as an “ambitious idea” but has turned into “years of button tapping, unclear timelines, shifting goals, and endless ‘coming soon’ updates.”

“There is still no solid utility service, no trust in the open market and very little transparency about where this is actually going. A strong community deserves real progress, not forever waiting and repeated promises,” they added.

X-user Pi Update is also in the bearish corner. She claimed the token “is starting to look like a case study in hype that exceeds execution,” adding that holders continue to wait for basic improvements like clear tokenomics, real liquidity, and a use case that extends beyond the native ecosystem.

In conclusion, the X user argued that vague promises from the core team and enthusiasm from the community cannot unlock the full potential of the project.

“Until PI delivers independent pricing and practicality, it will feel less like a hidden gem and more like a project stuck between vision and viability,” they stated.