In recent days, there has been a significant increase in the movement of Pi Coin to cryptocurrency exchanges, which may indicate potential selling by holders.
Transfers of Pi Coin to Exchanges
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 in exchanges like OKX, Gate.io, Bitget, and MEXC, with 168 million Pi on Gate.io and 122 million Pi on Bitget.
Price Dynamics of Pi Coin
Despite the activity with transfers, the price of Pi Coin has remained relatively stable, with a slight drop of 0.90% today to $0.5302, according to CoinMarketCap. The trading volume has also decreased to $43.1 million, a 45% dip over the last 24 hours.
Network Development and Achievements
Recently, the network celebrated its first 100 days since the launch of its Open Mainnet on February 20, 2025. This event was a significant milestone, opening access for developers, merchants, and users to the Pi blockchain. Since the launch, over 3 million people have joined the Mainnet, and currently, there are a total of 13 million users.
Given the current transfer dynamics and declining trading volume, the future of Pi Coin may depend on the actions of holders considering selling their assets.
