Recent data indicates a sharp increase in Pi Network token supplies on centralized exchanges alongside a significant decrease in trading activity, prompting warnings from analysts.
Surge in Pi Network Token Supply
According to data presented on Piscan, the number of Pi tokens stored on centralized exchanges has risen from 263 million in March to 346 million by June 2025. Currently, centralized exchanges collectively hold 346.8 million PI tokens.
Decline in Trading Activity
Overall trading activity for PI tokens has dramatically decreased, dropping over 90%. Trading volume fell from over $5.4 billion weekly in May to under $500 million this week. For instance, trading on OKX showed over 28.5 million PI tokens, amidst a net outflow of 741,272 tokens in the last 24 hours.
Community Discussions
In recent days, there has been active discussion among Pi Network community members regarding the transfer of 50 million PI from the Pi Foundation team wallet, raising concerns about potential sell-offs and market impacts. Meanwhile, many community participants known as Pioneers continue to hold faith in the token's true value.
The situation surrounding Pi Network tokens reflects a contrast between increasing stockpiles on centralized exchanges and decreasing trading volume. This raises concerns among investors and community members, as evidenced by the growing number of discussions and comments about the future of the token.
