Pi Coin (PI) Price Under Pressure: Exchange Deposits Spike as Community Sentiment Craters Ahead of Pi Day 2

Pi Network's native token faces a crisis of confidence as traders rush for the exits.

Exchange wallets swell with PI deposits—just as the project gears up for its annual hype cycle. Will Pi Day 2 deliver salvation, or is this another 'to-the-moon' fantasy meeting cold, hard reality?

The timing couldn't be worse. With PI's price wobbling, the surge in exchange-bound tokens suggests holders are voting with their wallets. Some might call it panic; others, rational behavior when facing diminishing returns.

Proponents argue this is temporary FUD. Skeptics counter that even crypto's most loyal communities eventually face gravity—usually after the founders finish dumping their bags.

One thing's certain: in crypto, hope burns brightest right before the crash.

TLDR

• Pi Coin price dropped 12% this week as exchange deposits reached 347.6 million tokens
• Trading volume increased 9% to over $96 million amid selling pressure
• Community members express low expectations for Pi Day 2 event on June 28
• Pi Network faces liquidity challenges despite ranking in top 30 cryptocurrencies by market cap
• Analysts say altcoin season and ETF approvals could trigger future price rallies

Pi Coin has experienced downward pressure as exchange deposits climb ahead of the Pi Day 2 event scheduled for June 28. The cryptocurrency has fallen 12% over the past week.

Exchange data shows Pi token deposits have surged to 347.6 million coins. This increase in supply on exchanges typically indicates users are preparing to sell their holdings.

The PI Coin price currently trades at $0.55, down 3.08% in recent trading. Daily trading volume has jumped 9% to exceed $96 million, showing increased market activity.

Community sentiment appears subdued ahead of Pi Day 2. Many network participants have expressed little confidence in upcoming announcements from the Pi Core team.

Mr Spock, a community figure, called for clarity rather than HYPE from developers. He outlined five key areas needing updates: verified user statistics, app download figures, real-world partnerships, ecosystem growth metrics, and circulating supply transparency.

🚨 Pi2Day is Coming. Let’s Keep It Real.

We don’t need wild promises.
We don’t need hype.

What we do need — and what could make all the difference — are a few solid updates from the CORE Team:

✅ Total KYC-verified users
✅ Latest app download stats
✅ Real partnership news… pic.twitter.com/cpvSb1ZsLW

— Mr Spock 𝛑 (@MrSpockApe) June 18, 2025

Dr Altcoin conducted a poll asking followers about their expectations for Pi Day 2. Most respondents indicated they have “no expectations” from the event.

Market Position and Liquidity Concerns

Pi Coin maintains its position within the top 30 cryptocurrencies by market capitalization. However, the token faces liquidity challenges that affect its trading dynamics.

Analyst DAO World noted that Pi trades on only five known exchanges. This limited availability restricts trading options for investors and contributes to lower overall liquidity.

A lot of people keep asking:
“When will Pi's price go up?”

But here’s the thing—We need an altcoin season first.

And for that to happen, Bitcoin has to break a new ATH. Once BTC clears that, we usually see ETH follow with a solid rally, and only then do the alts start to… pic.twitter.com/caIlPQ3LVL

— Dao world (@Koreanteacher1) June 15, 2025

The modest trading volume and limited market depth differ from other digital assets with similar market capitalizations. This situation creates potential for price volatility when large orders enter the market.

Low exchange availability could lead to rapid price movements if demand increases. Market makers or large-scale buyers could drive quick price changes due to the limited trading venues.

Conditions for Future Price Growth

Analysts suggest Pi Coin’s performance remains tied to broader altcoin market trends. Historical patterns show altcoins typically rally after bitcoin reaches new all-time highs.

Bitcoin currently faces resistance near the $108,000 level. Chart data reveals multiple rejections at key resistance zones, with declining retail interest shown in Google search trends.

Once Bitcoin breaks through resistance levels, ethereum often follows with upward momentum. This pattern typically leads to capital rotation into smaller market cap tokens like Pi Coin.

Potential spot ETF approvals for altcoins could provide another catalyst for price growth. Regulatory developments in this area have historically increased institutional inflows to digital assets.

ETF approvals in major markets WOULD create new institutional exposure opportunities. Combined with lower interest rates and increased risk appetite, such developments could benefit tokens like Pi Coin.

Dr Altcoin identified internal benchmarks Pi Network must achieve for sustained growth. These include utility development, price stability, and genuine user adoption.

Pi Network will likely need at least another 5 years before it can be used as a global peer-to-peer currency.

Why?

1. Pi needs trusted and fully functional utilities. Without real-world use cases and widespread adoption in commerce, it cannot sustain meaningful economic value.… pic.twitter.com/GumHOJ70jz

— Dr Altcoin (@Dr_Picoin) June 14, 2025

While Pi Network claims over 70 million users, many accounts have not completed required migration processes. A large portion of tokens also remain locked within the network.

For Pi to function as a medium of exchange, price stability becomes essential. Daily transaction use requires the same reliability that fiat currencies provide.

The analyst estimates Pi’s price may need to exceed $10 for efficient ecosystem circulation. This valuation would support smaller daily transactions for average holders, many of whom reportedly hold 1,000 Pi or less.

Current market conditions show selling pressure continues as users deposit tokens on exchanges ahead of Pi Day 2.