Pi Network Alarm: Is Pi Coin Headed for a Crash? Exchange Reserves Spike Suddenly
Exchange wallets are filling up with Pi—and traders are bracing for impact.
Is this the calm before the storm? Pi Network’s once-scarce token is flooding onto exchanges at an alarming rate. The community that preached ‘HODL’ now faces its first real liquidity test.
Behind the numbers
On-chain data doesn’t lie. The same wallets that hoarded Pi through years of ‘testnet purgatory’ are now moving stacks to trading platforms. Market makers smell blood in the water.
Survival of the shrewdest
Early adopters face a classic crypto dilemma: cash out during the first real price discovery, or gamble on the ‘next Bitcoin’ narrative. Meanwhile, exchange order books look like a game of chicken—everyone’s waiting to see who blinks first.
Just another Tuesday in crypto—where every ‘revolutionary project’ eventually meets its mercenary traders.
Exchange’s PI Wallet Balance: Source: CoinMarketCap
Gate.io had the most in deposit increase, with over 2.1 million Pi deposited in a day. Bitget followed with over 1.4 million Pi deposited. OKX had a rollercoaster day; it deposited 2.2 million Pi but sent 4.1 million Pi. All this results in a net loss of 1.9 million Pi.
Meanwhile, the price of Pi Coin has stayed mostly flat, according to CoinMarketCap. It dropped slightly by 0.90% today to $0.5302. The trading volume also fell hard, now down to $43.1 million, a 45% dip over the last 24 hours. So, even with all this activity, there hasn’t been a major impact on the market price just yet. However, the next few days could show if holders are ready to sell or just moving assets around.
The network recently celebrated its first 100 days since the launch of its Open Mainnet on February 20, 2025. Its launch was a major breakthrough as it opened the doors for developers, merchants, and users to connect directly with the Pi blockchain.
According to a previous report, over 3 million people have joined the Mainnet since it was launched. Currently, it has a total number of 13 million users.
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