乔乐
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Bullish
Using data to explain why Pi is rising
Even though all the coins were falling yesterday and the day before, it hasn't fallen at all. According to Pi's block explorer, there are 1.6 billion coins that are circulating, but they cannot be traded on-chain; they can only be sent to exchanges.
Now let's take a look at the data from the exchanges: OKEx has 45 million coins (not open to KYC for Chinese citizens), Bitget has 70 million coins, Zhima Kaimen has 50 million coins, and MEXC has 11 million coins. All these exchanges combined have only about 200 million coins, which means there are still 1.4 billion coins that have not been sent in. This is the key to the rise: high-intensity control of the market.
Even though all the coins were falling yesterday and the day before, it hasn't fallen at all. According to Pi's block explorer, there are 1.6 billion coins that are circulating, but they cannot be traded on-chain; they can only be sent to exchanges.
Now let's take a look at the data from the exchanges: OKEx has 45 million coins (not open to KYC for Chinese citizens), Bitget has 70 million coins, Zhima Kaimen has 50 million coins, and MEXC has 11 million coins. All these exchanges combined have only about 200 million coins, which means there are still 1.4 billion coins that have not been sent in. This is the key to the rise: high-intensity control of the market.
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