Pi Coin, the native currency of Pi Network, might face some selling pressure soon as more and more coins are being sent into crypto exchanges. When events like this happen, it often means that holders might be preparing to sell.
Over the last 24 hours, a total of 6.5 million Pi coins were moved into exchange wallets. Data from Piscan shows that over 359 million Pi coins are now held by exchanges like OKX, Gate.io, Bitget, and MEXC, with a large 168 million Pi of that on Gate.io and 122 million Pi on Bitget.
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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