Pi Coin Shows Bullish Signs? 14 Million Tokens Moved to Wallet!

Jakarta, Pintu News – Pi Coin is the center of attention after plummeting more than 50% from its highest price. Behind the market turmoil, large movements between wallets and exchanges show the actions of large holders.

While the future price outlook looks promising, the market remains risky with record holdings on exchanges and potential volatility from token releases.

14 Million Pi Tokens Change Places

According to Coinpedia (5/20), Pi coin has dropped more than 50% in the last week from its high of $1.40. However, large amounts of Pi Coins are being moved between wallets and exchanges. Here’s an explanation.

Read also: Pi Network Hiring Spree Sparks Buzz Amid Fraud Allegations and Crashing Token Price

Recently, around 14 million Pi tokens have been moved from an exchange to Pi wallets. This usually signifies that some large investors or major holders are withdrawing their Pi from the market to keep it safe.

This move often shows that they have confidence in Pi’s future.

Previously, as much as 70 million Pi Coins have been withdrawn from OKX. There are speculations that the wallet is owned by OKX or even by the Pi Core Team itself. However, concerns regarding a possible massive sale by the Pi Core Team still remain.

Bullish Scenario for Pi Network

According to the CoinCodex website, the Pi Network (PI) coin is expected to rise to $0.937 in May, a 24% increase from its current price.

Read also: Pi Network Surges 3% Today — Here’s What You Need to Know About the 5.7 PI Token Unlock!

Some experts even predict the price of Pi could reach $2.34 in June and potentially rise to $4.44 by November 2029, provided the user base continues to grow and the project is successfully developed.

Recently, the amount of Pi Coin held on exchanges reached a record high of 397 million Pi. However, concerns have been raised that around 7.6 million Pi Coin will be unlocked today, potentially adding to volatility in an already sluggish market.

Technically, the signals for Pi Network show mixed results. The short-term price trend appears weak and indicates a possible price decline in the near future.

However, some long-term indicators point to future buying opportunities.

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*Disclaimer

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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Pi Coin News: 14M Tokens Shifted from Exchange to Wallets, Bullish Case Explained. Accessed on May 21, 2025