{"id":79667,"date":"2025-07-10T10:59:27","date_gmt":"2025-07-10T10:59:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=79667"},"modified":"2025-07-10T10:59:27","modified_gmt":"2025-07-10T10:59:27","slug":"376000000-pi-hits-exchanges-is-a-pi-netowrk-sell-off-inevitable","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=79667","title":{"rendered":"376,000,000 Pi Hits Exchanges: Is a Pi Netowrk Sell-Off Inevitable?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Over 246 million PI unlocking this month adds pressure despite recent short-term price gains.
\nPI trades inside a descending channel; $0.50 breakout may shift current bearish trend.
\n376 million PI now on exchanges, with Gate.io leading\u2014fueling concern over sustained sell-offs.<\/p>\n

<\/a><\/p>\n

PI Price Sees Modest Recovery<\/h2>\n

Pi Network (PI) traded at $0.4755 at press time, up 3.08% in the last 24 hours. The token has seen a 7-day decline of 5.54%, with a market cap of $3.62 billion. Its 24-hour trading volume stands at $78.8 million. PI has been fluctuating between $0.4612 and $0.4738 in the past day and between $0.4477 and $0.5053 over the past week.<\/p>\n

Despite short-term gains, the broader price trend shows a long-term downtrend. PI<\/a> continues to trade within a descending channel, which has held since its recent peak. The price is now rebounding from a key demand zone near $0.44\u2013$0.47.<\/p>\n

Notably, immediate resistance is located near $0.50. If PI breaks through this zone, it may test higher levels around $0.5486 and $0.6506.<\/p>\n

<\/a>Source: TradingView<\/p>\n

However, the Stochastic RSI is currently above 90, signaling an overbought condition. This may suggest a short-term pullback or price consolidation before any extended upward move.<\/p>\n

Maintaining support above the $0.44 demand zone is important for any bullish continuation. Traders are watching for a sustained close above $0.50 to confirm a potential trend reversal.<\/p>\n

Exchange Activity and Token Unlocks Raise Concerns<\/h2>\n

Crypto analyst Moon Jeff noted that 376 million PI is now held on exchanges, with Gate.io holding 177 million PI in its deposit wallet.<\/p>\n

\u201cAll these coins are from pioneers who are bringing the selling pressure,\u201d he said. \u201cIf this stops, PI will pump to $1 easily.\u201d<\/p>\n

We now have 376 million $PI<\/a> in exchanges.
\nGateIO leads with 177 million $PI<\/a> in their depositing wallet.
\nAll these coins are from pioneers who are bringing the selling pressure. .
\nIf this stops $PI<\/a> will pump to $1 easily. .#PiNetwork<\/a> pic.twitter.com\/5oGRt8rCoy<\/a><\/p>\n

\u2014 MOON JEFF (@CRYPTOAD00) July 10, 2025<\/a><\/p>\n\n

Pi Network\u2019s supply continues to grow, with over 246 million PI set to unlock over the next 30 days, including 16.4 million on July 10.<\/p>\n

As CryptoPotato reported<\/a>, the token has dropped nearly 70% in the past two months. This ongoing release has created consistent sell pressure, allowing more holders to exit. Without a change in pace or demand, price recovery may remain limited.<\/p>\n

The post 376,000,000 Pi Hits Exchanges: Is a Pi Netowrk Sell-Off Inevitable?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Over 246 million PI unlocking this month adds pressure despite recent short-term price gains. PI trades inside a descending channel; $0.50 breakout may shift current bearish trend. 376 million PI now on exchanges, with Gate.io leading\u2014fueling concern over sustained sell-offs. PI Price Sees Modest Recovery Pi Network (PI) traded at $0.4755 at press time, […]<\/p>\n","protected":false},"author":0,"featured_media":79668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79667"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79667"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/79668"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}