Pi Network’s PI has been the best-performing top-100 cryptocurrency over the past week, rising nearly 40% as investor interest accelerates. The token trades around $0.18, lifting its market capitalization to roughly $1.7 billion and placing it as the 47th-largest crypto by market value. The momentum has brought PI into the spotlight amid renewed enthusiasm in the altcoin space.
However, a sharp rise in exchange balances has drawn scrutiny. About 5 million PI were transferred to centralized exchanges in the last 24 hours, bringing total exchange reserves to approximately 427 million PI, with Gate.io holding the largest share. While not a guaranteed predictor of a price move, rising exchange holdings are often viewed as a bearish signal, especially as large-scale unlocks loom on the calendar. Data indicates daily unlocks could approach 15 million PI on several days before February’s end.
Some community members maintain that PI is warming up for another major move, with predictions of a rally toward or beyond a dollar. Proponents argue that momentum, growing utility, and a strengthened community underpin upside potential, while skeptics warn that any significant upside would require sustained demand and limited sell pressure. The token’s upcoming unlock schedule and a volatile macro backdrop mean investors should proceed with caution and conduct thorough due diligence.
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