376 Million Pi Hits Exchanges: Will the Pi Network Crash or Soar?

Massive Pi Dump Sparks Market Jitters

A staggering 376,000,000 Pi tokens just flooded exchanges—triggering instant speculation about a fire sale. The Pi Network’s 'earn-now, trade-later' model faces its first real liquidity test.

Bull vs. Bear: Who Blinks First?

Miners who’ve waited years for this moment now face a brutal choice: HODL for the promised 'mainnet moonshot' or cash out before the crowd. Early adopters are sitting on zero-cost bags—will greed or fear win?

Exchange Volatility Looms

Trading pairs are live, but order books look thinner than a DeFi whitepaper. Market makers weren’t ready for this volume. Brace for wild spreads and possible flash crashes.

The Cynic’s Take

Another 'people’s crypto' meets cold, hard liquidity—just in time for the next 'macro downturn.' How very… predictable.

PI Price Sees Modest Recovery

Pi Network (PI) traded at $0.4755 at press time, up 3.08% in the last 24 hours. The token has seen a 7-day decline of 5.54%, with a market cap of $3.62 billion. Its 24-hour trading volume stands at $78.8 million. Pi has been fluctuating between $0.4612 and $0.4738 in the past day and between $0.4477 and $0.5053 over the past week.

Despite short-term gains, the broader price trend shows a long-term downtrend. PI continues to trade within a descending channel, which has held since its recent peak. The price is now rebounding from a key demand zone NEAR $0.44–$0.47.

Notably, immediate resistance is located near $0.50. If PI breaks through this zone, it may test higher levels around $0.5486 and $0.6506.

However, the Stochastic RSI is currently above 90, signaling an overbought condition. This may suggest a short-term pullback or price consolidation before any extended upward move.

Maintaining support above the $0.44 demand zone is important for any bullish continuation. Traders are watching for a sustained close above $0.50 to confirm a potential trend reversal.

Exchange Activity and Token Unlocks Raise Concerns

Crypto analyst Moon Jeff noted that 376 million PI is now held on exchanges, with Gate.io holding 177 million PI in its deposit wallet.

“All these coins are from pioneers who are bringing the selling pressure,” he said. “If this stops, PI will pump to $1 easily.”

We now have 376 million $PI in exchanges.
GateIO leads with 177 million $PI in their depositing wallet.
All these coins are from pioneers who are bringing the selling pressure. .
If this stops $PI will pump to $1 easily. .#PiNetwork pic.twitter.com/5oGRt8rCoy

— MOON JEFF (@CRYPTOAD00) July 10, 2025

Pi Network’s supply continues to grow, with over 246 million PI set to unlock over the next 30 days, including 16.4 million on July 10.

As CryptoPotato reported, the token has dropped nearly 70% in the past two months. This ongoing release has created consistent sell pressure, allowing more holders to exit. Without a change in pace or demand, price recovery may remain limited.