Shift of 14 Million Pi Coins from Exchanges to Wallets Explained as a Sign of a Bullish Market
In the cryptocurrency world, concerns about potential sell-offs by the Pi Core Team persist, as the market grapples with the ongoing effects of token unlocks. The latest of these unlocks, 7.6 million Pi Coins, is set to be released today, potentially adding to market volatility.
This large token unlock is expected to have a negative impact on the short term, with downward pressure on the price. This follows a broader pattern observed with larger token unlocks scheduled for July 2025, including a major 272 million Pi Coin unlock, which has already caused apprehension about price declines.
As of early July 2025, Pi Coin is trading around $0.4565, a significant drop from its peak earlier in the year. The increased supply from token unlocks could potentially drive prices lower if demand does not keep pace. The 7.6 million unlock adds to this increased supply pressure.
Historically, large token unlock events in cryptocurrencies often lead to sharp price drops, sometimes between 30% to 77%. Given that Pi Network has not yet been listed on major exchanges and liquidity is limited, absorbing this selling pressure may be difficult, heightening the risk of price crashes or sharp dips.
Analysts and community members expect a possible price drop below key support levels such as $0.40 if selling intensifies after the unlock. This would signal further downside momentum in the near term for Pi Coin.
However, there are some longer-term indicators for Pi Coins that suggest potential buying opportunities. If Pi Coin's user base grows and the project develops successfully, some experts predict it could reach $2.34 by June and $4.44 by November 2029.
Recent movements of Pi Coins also indicate potential bullish sentiment among investors. Approximately 14 million Pi tokens were moved from exchanges to wallets, suggesting that some investors or holders believe in Pi's future.
Despite these positive signs, the short-term technical signals for Pi Coins are mostly weak, suggesting a potential price drop. It's important to note that there are no new predictions about Pi Coin reaching specific prices by November 2029 in the current paragraph.
The current exchange holdings of Pi Coins remain at an all-time high of 397 million. The price of Pi Coin, however, is not specified in the provided paragraph.
In summary, the 7.6 million Pi Coin unlock is expected to add selling pressure that could depress the price further in the short term, continuing the bearish trend seen around larger token unlocks in July 2025. Unless new demand drivers emerge or liquidity improves, the Pi Coin market may experience increased volatility with downward price trends in the immediate aftermath.
Investors looking for alternative options may want to consider the potential impact of today's 7.6 million Pi Coin unlock on the cryptocurrency's price. Given the history of large token unlock events in the cryptocurrency world and the current limited liquidity, this release could potentially lead to price drops similar to previous events, possibly affecting other finance and investing opportunities tied to technology.
