Check it out! Pi Network (PI) Reserves on the Exchange Touch Record High, What Impact?

Jakarta, Pintu News – Pi Network (PI) ended the month at its lowest level since it was first listed on an exchange. Despite positive news in early July, it was not enough to stop Pioneers from continuing to transfer Pi to the central exchange (CEX), which increased selling pressure.

PI Buildup on Exchanges Increases Selling Pressure

Based on BeInCrypto’s observations, the number of PI tokens on the central exchange has steadily increased over the past five months. The figure rose from 263 million in March to more than 370 million currently-an increase of more than 40%. In May, Pi Network founder Nicolas Kokkalis made a rare public appearance.

His presence sparked excitement and strong Pi accumulation, leading to a sharp decline in the number of Pi on the exchange. However, in June, negative sentiment returned amid rising geopolitical tensions. This change drove the trend back to a rising balance of exchanges. Investor Moon Jeff noted that in just the last two days, 8 million Pi was deposited into the exchange.

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Addition of PI Tokens to be Opened

Data from PiScan shows that 232.9 million PI tokens will be unlocked in July, further depressing Pioneer sentiment. In the first week of July, the Pi price fell 9%, from $0.51 to $0.46. Recent analysis by BeInCrypto suggests that Pi may continue to decline towards a new low of $0.40. Since Pi2Day, the Pi Core Team has released several major updates. The two most significant are the Pi App Studio and the new staking feature. Other updates include KYC synchronization, Pi Desktop, and account management tools.

Community Response to Reform

The first week of July brought many positive developments for Pioneers. However, it was still not enough to boost holders’ confidence. Many holders often wait for promised news, but when those updates arrive, the price tends to drop further. This cycle fueled growing discontent within the Pi community, which was reflected in the ever-increasing number of Pi’s on the exchange.

Conclusion

With the increase in the number of Pi Networks (PIs) on the exchange reaching a record high, the growing selling pressure is a major concern. Despite renewal and development efforts from the core team, the market response is still likely to be negative. Investors and Pi users should consider these dynamics in their investment strategies.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Pi Exchange Reserves Hit All-Time High in July. Accessed on July 8, 2025