2,700,000 PI Tokens in 24 Hours: Pi Network’s Price Will Rise Soon? – BitRss – Crypto World News

While Pi Network’s native token has seen minimal volatility over the past week, one key factor suggests it may be gearing up for an upward move.

However, some analysts are pessimistic that the price could rise soon and criticize the project for its numerous shortcomings.

Pump on the horizon?

At the time of writing, PI ($0.20) is trading at around $0.20, which represents an increase of only 0.2% on a weekly scale. At the same time, current levels represent a staggering 93% collapse from the all-time high of $3 in February this year.

What bulls may consider good news is that the number of PI tokens stored on exchanges has decreased recently. Data shows that over 2.7 million coins left such centralized platforms in the last 24 hours.

This indicates that investors have turned to self-control methods, which in turn reduces immediate selling pressure. Conversely, when the number of PI tokens rises on exchanges, it is usually seen as a presell signal and a bearish factor for the price.

Currently, a total of 427.2 million coins are stored on centralized platforms, with more than half of them on Gate.io. Bitget comes in second with approximately 145.1 million.

PIs ‘biggest risk’

While some optimists believe that the price of Pi Network’s native token will indeed head north in the short term, others are quite pessimistic and believe that the team has many issues to solve first.

Pinetwork’s X-user members argued that the biggest risk of PI is not its price, but its credibility. The commenter criticized Pi Network for its limited transfers, unclear tokenomics and circulating supply, and for being “nearly ready” for years.

“Without open liquidity, independent verification, and real-world usage that doesn’t rely on internal marketplaces, it’s hard to justify long-term value. Adoption without trust isn’t decentralization – it’s just scaling,” she added.

Earlier this month, the X user shared another critical post. They suggested that Pi Network started as an “ambitious idea” but eventually turned into “years of button tapping, unclear timelines, shifting goals, and endless ‘coming soon’ updates.”

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