🚀 1. Major Migration Milestone — But Price Dips

Since July 1, over 75 million PI (~$37 million) have been moved into Mainnet wallets, with a spike of 16.8 million migrated on July 8 alone CoinGape+15CoinGape+15CCN.com+15.

Despite this progress, the price slipped to around $0.47, pushed down by a large token unlock in July and growing supply CoinDCX+4CoinGape+4The Currency analytics+4.

🔧 2. Pi Node v0.5.3 Released

Pi Network rolled out Pi Node v0.5.3, making node operation more reliable and improving blockchain explorer access CoinGape+1Binance+1.

This update strengthens decentralization and network stability — good for future dApp development.

⚠️ 3. Price Pressure Around $0.40 Could Signal Change

Analysts worry that PI may need to fall below $0.40 before a real rally can start Pi Network+6CoinGape+6Coin Edition+6CryptoPotato+15The Currency analytics+15picoins.net+15.

A July unlock of over 276 million PI tokens (3.7% of circulation) might trigger more selling Bitget+5The Currency analytics+5picoins.net+5.

🌟 4. Long-Term Outlook Remains Bullish

The project continues to build momentum, with pi node improvements and strong migration numbers.

Some believe PI could reach $500–$1,000 by 2030, assuming successful ecosystem growth and adoption The Economic Times.

📊 Summary Table
TopicKey InfoMigration75M PI moved since July 1PriceAround $0.47; down ~2% in past weekNode UpdatePi Node v0.5.3 improves stabilityMajor ConcernToken unlocks may drive price downBull CaseLong-term target: $500–$1,000 by 2030

🔍 What to Watch Next

July Token Unlock – Will selling pressure increase?

Price Action near $0.40 – A dip below could set the stage for a rebound.

Node & Ecosystem Growth – Further updates may attract more developers.

$picoin