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TL;DR<ul><li>Over 246 million PI unlocking this month adds pressure despite recent short-term price gains.</li><li>PI trades inside a descending channel; $0.50 breakout may shift current bearish trend.</li><li>376 million PI now on exchanges, with Gate.io leading—fueling concern over sustained sell-offs.</li></ul><a rel="noopener noreferrer nofollow"></a><h2 id="pi-price-sees-modest-recovery">PI Price Sees Modest Recovery</h2>Pi Network (PI) traded at $0.4755 at press time, up 3.08% in the last 24 hours. The token has seen a 7-day decline of 5.54%, with a market cap of $3.62 billion. Its 24-hour trading volume stands at $78.8 million. PI has been fluctuating between $0.4612 and $0.4738 in the past day and between $0.4477 and $0.5053 over the past week.Despite short-term gains, the broader price trend shows a long-term downtrend. <a href="https://cryptopotato.com/massive-pi-network-pi-development-heres-where-you-can-trade-your-pi-tokens/" rel="noopener noreferrer nofollow">PI</a> continues to trade within a descending channel, which has held since its recent peak. The price is now rebounding from a key demand zone near $0.44–$0.47.Notably, immediate resistance is located near $0.50. If PI breaks through this zone, it may test higher levels around $0.5486 and $0.6506.<figure id="attachment_403551" style="width: 100%" class="wp-caption aligncenter"><a rel="noopener noreferrer nofollow"><img class="size-full wp-image-403551" alt="PI price chart" width="2145" height="1131"></a><figcaption id="caption-attachment-403551" class="wp-caption-text"> Source: TradingView </figcaption></figure>However, the Stochastic RSI is currently above 90, signaling an overbought condition. This may suggest a short-term pullback or price consolidation before any extended upward move.Maintaining support above the $0.44 demand zone is important for any bullish continuation. Traders are watching for a sustained close above $0.50 to confirm a potential trend reversal.<h2 id="exchange-activity-and-token-unlocks-raise-concerns">Exchange Activity and Token Unlocks Raise Concerns</h2>Crypto analyst Moon Jeff noted that 376 million PI is now held on exchanges, with Gate.io holding 177 million PI in its deposit wallet.<blockquote>“All these coins are from pioneers who are bringing the selling pressure,” he said. “If this stops, PI will pump to $1 easily.”<blockquote class="twitter-tweet">We now have 376 million <a href="https://twitter.com/search?q=%24PI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PI</a> in exchanges. GateIO leads with 177 million <a href="https://twitter.com/search?q=%24PI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PI</a> in their depositing wallet. All these coins are from pioneers who are bringing the selling pressure. . If this stops <a href="https://twitter.com/search?q=%24PI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PI</a> will pump to $1 easily. .<a href="https://twitter.com/hashtag/PiNetwork?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PiNetwork</a><a href="https://t.co/5oGRt8rCoy" rel="noopener noreferrer nofollow">pic.twitter.com/5oGRt8rCoy</a>— MOON JEFF (@CRYPTOAD00) <a href="https://twitter.com/CRYPTOAD00/status/1943218825568076165?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 10, 2025</a></blockquote></blockquote>Pi Network’s supply continues to grow, with over 246 million PI set to unlock over the next 30 days, including 16.4 million on July 10.As CryptoPotato <a href="https://cryptopotato.com/pi-network-pi-crashes-by-70-in-2-months-is-there-any-hope-left/" rel="noopener noreferrer nofollow">reported</a>, the token has dropped nearly 70% in the past two months. This ongoing release has created consistent sell pressure, allowing more holders to exit. Without a change in pace or demand, price recovery may remain limited.The post <a href="https://cryptopotato.com/376000000-pi-hits-exchanges-is-a-pi-netowrk-sell-off-inevitable/" rel="noopener noreferrer nofollow">376,000,000 Pi Hits Exchanges: Is a Pi Netowrk Sell-Off Inevitable?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

376,000,000 Pi Hits Exchanges: Is a Pi Netowrk Sell-Off Inevitable?

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