Pi Coin Deposits Skyrocket Before Pi Day 2 — Is a Price Crash or Breakout Coming Next?

Jakarta, Pintu News – Pi Coin, the native cryptocurrency of Pi Network, is facing significant selling pressure due to the increasing number of deposits to exchanges ahead of Pi Day 2 which will take place on June 28.

This trend reflects the declining confidence of network participants, with many expressing low expectations of the announcement from Pi’s core team.

In the past week, Pi’s token price has fallen by 12%, impacted by broader market volatility.

Pi Coin Supply on Exchanges Reaches 347.6 Million

The amount of Pi Coin supply circulating on crypto exchanges continues to increase, and has even reached a high of 346.7 million.

Read also: Pi Network Crashes to Just $0.53 – Could It Dive to $0.40 Next? Analysts Sound the Alarm!

This trend shows no signs of slowing down, as the amount of Pi Coin held on exchanges continues to grow every day.

The increase in Pi Coin deposits to exchanges indicates declining investor confidence ahead of the Pi Day 2 deadline on June 28.

Currently, Pi Coin’s price is down 3.08% to $0.55, while its daily trading volume jumped 9% to over $96 million. This suggests that selling pressure on the altcoin is high at this stage.

What to Expect from the Pi Network Team on Pi Day 2?

The Pi Network community is looking forward to a number of important announcements from the Pi core team, including the launch of the mainnet.

However, previous users have experienced disappointment due to various delays and empty promises.

One popular figure in the Pi community, Mr. Spock, stated: “We don’t need grandiose promises. We don’t need hype. No need to talk about ‘to the moon’. We just need clarity and credibility.”

Read also: The Battle for .pi Domains Is Exploding — Who Will Reign Supreme Before June 28?

He also added that Pi’s core team needs to take important steps. In his latest statement, Mr. Spock highlighted five key areas that, if clearly announced, could increase community trust and engagement:

• Statistics of users who have been verified through the KYC process.
• Latest data on the number of app downloads and user adoption.
• A concrete announcement of a real-world partnership.
• Insights into ecosystem growth and usage metrics.
• Full transparency regarding supply dynamics in circulation.

Meanwhile, another community member, Dr. Altcoin, conducted a poll on the X platform. The majority of respondents stated that they were “hopeless.”

One user named Lil’ Sniffy mentioned that the core team might just be creating hype to sell their Pi tokens.

Dr. Altcoin also warned that if the Pi core team does not make a major announcement, the Pi Network price could plummet back to the April low of $0.40.

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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:

• BeInCrypto. Pi Network: Pi Supply on CEXs Surges. Accessed on June 19, 2025
• Coingape. Pi Coin Exchange Deposits Surge: Are Pi Network Users Dumping Before Pi Day? Accessed on June 19, 2025