📢Pi Network (PI) Exchange Reserves Hit All-Time High in July
According to BeInCrypto’s observations, the amount of PI tokens on centralized exchanges has consistently risen over the past five months. The figure grew from 263 million in March to over 370 million now—an increase of more than 40%.
In May, Pi Network founder Nicolas Kokkalis made a rare public appearance. His presence sparked excitement and a strong accumulation of Pi, causing a sharp drop in the amount of Pi on exchanges.
In addition, data from PiScan shows that 232.9 million PI tokens will unlock in July, further putting pressure on Pioneers’ sentiment.
A recent analysis by BeInCrypto suggests that Pi may continue declining toward a new low at $0.40.
Recent updates from the Pi Core Team show noteworthy development progress. However, these efforts seem insufficient in the current market environment.
#BinanceTurns8 #PiCoreTeam #PiOnBinance #Pioneers👫great #PiNetworkMainnet
