PI Network Faces Bearish Pressure as Exchange Reserves Spike 30% Amid Plummeting Volume

Pi Network's exchange reserves have surged to 345 million coins, marking a 30% increase since March. This buildup on centralized platforms coincides with a 90% drop in trading volume—a classic bearish signal.

Analysts point to simultaneous outflows from Pi Foundation wallets, suggesting potential sell pressure or operational costs. "The only consistent trend is the daily rise in exchange-held PI," notes Investor Moon Jeff, highlighting the current 347.6 million coin inventory.

Market dynamics appear unfavorable: increasing supply meets dwindling demand. Some forecasts warn of a potential test of $0.10 support if this imbalance continues. However, the PI community's strong resilience remains a wildcard—retail conviction could still trigger counter-trend rallies.