✅ Pi Coin Under Pressure: 359M Tokens Now Held by Exchanges
Pi Coin Faces Potential Sell-Off as Exchange Balances Surge
Pi Coin, the native token of Pi Network, could be heading for increased selling pressure as a growing number of coins make their way onto crypto exchanges. Such inflows often signal that holders are preparing to offload their assets.
In the past 24 hours alone, 6.5 million Pi coins have been transferred to exchange wallets. According to data from Piscan, exchanges now collectively hold over 359 million Pi coins. Gate.io and Bitget lead the pack, holding 168 million and 122 million Pi respectively, while OKX and MEXC account for the rest.
Gate.io saw the biggest spike in deposits, with 2.1 million Pi added in a single day. Bitget followed closely with 1.4 million Pi deposited. OKX had mixed activity—receiving 2.2 million Pi but withdrawing 4.1 million Pi, resulting in a net loss of 1.9 million Pi from its exchange balance.
Despite this flurry of activity, Pi Coin’s price has remained relatively stable. The token is down just 0.90% today, trading at $0.5302, according to CoinMarketCap. Trading volume, however, has dropped sharply—down 45% in the last 24 hours to $43.1 million. This suggests that, so far, the large inflows have not translated into major selling.
The Pi Network recently marked its first 100 days since the launch of its Open Mainnet on February 20, 2025. The launch has been hailed as a milestone, enabling developers, merchants, and users to build and transact directly on the Pi blockchain. Since going live, the Mainnet has attracted over 3 million new participants, bringing the total number of users to 13 million.