{"id":80046,"date":"2025-07-11T13:06:41","date_gmt":"2025-07-11T13:06:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=80046"},"modified":"2025-07-11T13:06:41","modified_gmt":"2025-07-11T13:06:41","slug":"no-major-gains-for-pi-network-pi-analyst-reveals-the-reason","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=80046","title":{"rendered":"No Major Gains for Pi Network (PI)? Analyst Reveals the Reason"},"content":{"rendered":"

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

PI\u2019s price increased by a mere 2.2% daily, possibly held back by low liquidity, concerns <\/span>over centralization<\/span>, and weak investor confidence.<\/span>
\nOver 215 million PI tokens <\/span>are set<\/span> to unlock soon, while exchange holdings have risen to 381.4 million, signaling potential selling ahead.<\/span><\/p>\n

<\/a><\/span><\/h2>\n

PI Lags Behind<\/h2>\n

The entire cryptocurrency market has been on fire over the past few days, with Bitcoin (BTC) tapping<\/a> a new all-time high price of over $118,000. The altcoins performed <\/span>quite<\/span> well, too: Ethereum (ETH) spiked by 8% daily to surpass $3,000, Ripple (XRP) jumped by 9%, and<\/span> Cardano (ADA) headed north by 16%.<\/span><\/p>\n

Pi Network (PI) has also posted some gains, albeit far insignificant compared to the majority of cryptocurrencies. Its valuation increased by 2.2% over the last 24 hours, and it currently trades at just below $0.50. Its market cap briefly exceeded $4 billion before retracing to the current $3.8 billion, making PI the 38th-largest digital asset.\u00a0<\/span><\/p>\n

<\/a>PI Price, Source: CoinGecko<\/p>\n

According to one popular X user, the native token of the controversial crypto project could follow BTC\u2019s bullish momentum. <\/span>However, they <\/span>suggested<\/span><\/a> that PI\u2019s \u201cmissing decentralization, communication from the CT, and liquidity\u201d would <\/span>hamper the<\/span> prospects <\/span>of<\/span> serious gains.<\/span><\/p>\n

\u201cIt won\u2019t rise any significantly as it does not have enough liquidity and no decentralization. No one wants to put capital into an ecosystem where<\/span> 1 <\/span>couple controls everything,\u201d the X user <\/span>claimed<\/span><\/a>.<\/span><\/p>\n

Despite a slight price uptick over the last 24 hours, PI is down 70% on a two-month scale. X user Zoe recently <\/span>argued<\/span><\/a> that the asset\u2019s \u201cmain problem\u201d lies in its massive supply and the constant release of new tokens.<\/span><\/p>\n

More than 215 million coins <\/span>are set<\/span> to unlock in the next month, with approximately 13.3 million PI scheduled <\/span>on July 11<\/span> alone. This development allows investors to sell their holdings, potentially pushing the valuation even lower.
\n<\/span><\/p>\n

<\/a>PI Token Unlocks, Source: piscan.io<\/p>\n

Zoe thinks PI\u2019s price may continue to \u201cbleed slowly\u201d as long as the team behind the project does not introduce a <\/span>burning<\/span> mechanism.<\/span>\u00a0<\/span><\/p>\n

Another Bearish Factor<\/span><\/h2>\n

The <\/span>rising<\/span> number of PI coins stored on centralized crypto exchanges <\/span>indicates <\/span>a<\/span> rising<\/span> selling pressure and could contribute to a renewed <\/span>downturn<\/span> in the asset\u2019s price.<\/span><\/p>\n

The total amount of coins on such platforms <\/span>stood<\/span><\/a> at 376 million as of July 10, but over the past 24 hours, there was an increase of approximately four million, <\/span>bringing<\/span><\/a> the figure to 381.4 million.\u00a0<\/span><\/p>\n

Gate.io leads with 178.5 million in their depositing wallet, whereas Bitget comes in second with 133.7 million.<\/span><\/p>\n

The post No Major Gains for Pi Network (PI)? Analyst Reveals the Reason<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR PI\u2019s price increased by a mere 2.2% daily, possibly held back by low liquidity, concerns over centralization, and weak investor confidence. Over 215 million PI tokens are set to unlock soon, while exchange holdings have risen to 381.4 million, signaling potential selling ahead. PI Lags Behind The entire cryptocurrency market has been on fire […]<\/p>\n","protected":false},"author":0,"featured_media":80047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80046","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\/80046"}],"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=80046"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/80047"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}