Pi Network has dropped to $0.46 today, down 6% in the past 24 hours. However, trading volume has surged to $20 million, an increase of 80% compared to the same period. The combination of falling prices and soaring trading volumes often indicates that traders are probing the market rather than rushing to enter or exit.

Surge in Trading Volume of Pi Network Signals New Interest

According to on-chain data, the weekly growth of 1.1% indicates new interest in the Pi Network token. The recent price surpassing $0.48 may have drawn attention back to the network. The sharp increase in trading volume suggests that people are moving coins more than usual, even if the price doesn't follow the same upward trend.

In the past few days, two separate transfers of exactly 3.14 Pi have attracted attention. These small transfers are related to the number Pi, the namesake of the project.

Based on reports, these sending orders come from a single wallet—labeled GASWBD…—which has also withdrawn over 10 million Pi in just six days. The same address had previously linked to around 320 million Pi in prior activities, leading many to wonder if it is a large miner, some organization backing, or someone within the Pi team behind this incident.

Symbolic Trading Stirring Speculation

The timing of these 3.14 fluctuations is very significant. They occur just as the price approaches the psychological threshold of $0.48. Some community members view this transfer as a rallying call, a return to the origins of Pi.

However, traders tend to monitor these numbers for clues about actual buying or selling pressure. So far, this pattern resembles a planned message rather than a panic sell-off.

Talk of deploying the mainnet or new trading pairs has spread across forums. People point to the organized nature of the withdrawals as evidence that larger plans are underway.

They suggest that there may be significant news coming soon—possibly new partners or additions that will take Pi out of the test network and into official use.

Forecast: Caution Ahead

According to current forecasts, the value of Pi could drop to $0.35 by August 11, 2025, representing a 25% decrease. Technical indicators are showing a downward trend, and the market Fear & Greed Index is at 79 (Extreme Greed).

Pi has experienced 11 days of price increases in the past 30 days (37%) and recorded a price volatility of 9% during that time. The divergence between a strong upward trend and a downward price trend presents a picture of conflicting indicators for anyone considering entering the market at this time.

So far, Pi Network is a project that generates both hope and skepticism. The $208 million increase in trading volume indicates that people are genuinely paying attention. However, predictions and on-chain activity suggest caution until stronger milestones appear.