The team behind Pi Network, a cryptocurrency and smart contract system, has been busy lately. They have introduced new ideas for their community and made important updates to their platform. However, their cryptocurrency, called the PI token, hasn’t shown a big price increase recently. Instead, the price has stayed low over the past weeks and months. While this might sound discouraging, there is one hint that the token’s price could rise soon.
Why People Are Moving Tokens Out of Exchanges
This week, the PI token dropped to $0.19, but it has recovered slightly, now hovering around $0.20. (This information is from CoinGecko, a platform that tracks cryptocurrency prices.) Even though the recent bounce isn’t huge, there is an interesting development happening: many people are moving their PI tokens out of cryptocurrency exchanges and choosing self-custody instead. Self-custody means users store their tokens themselves, without relying on third-party platforms like exchanges.
In the past 24 hours, more than 1.2 million PI tokens have left exchanges. This is important because when fewer tokens are available on exchanges, there might be less selling pressure, which sometimes leads to price increases. Currently, about 428 million PI tokens are still held in exchanges. Gate.io, a popular trading platform, holds more than half of these tokens, followed by Bitget, which has about 147.6 million tokens.
Fewer Tokens Will Be Released Soon
Another factor that could affect the price is the release of new tokens into the market, known as “token unlocks”. Over the next 30 days, nearly 165 million PI tokens will be introduced, averaging 5.5 million new tokens daily. Although this sounds like a lot, it is less aggressive compared to past months. Fewer new tokens being released could help stabilize or even slightly increase the price.
Optimism from Some Fans
Despite the current low price, some PI token fans remain hopeful. For instance, a user on social media platform X (formerly Twitter), with the handle Web3_Vibes, predicted that the token’s price might go up once it bounces back from its support level of $0.192. Others have made more extreme predictions, saying the price could someday reach $100 or even higher. However, this high price seems unrealistic at the moment.
Frustration in the Community
While there are optimistic fans, a part of the Pi Network community has grown frustrated. Some people believe the project started with big promises but has failed to deliver. One user on X, named pinetworkmembers, expressed disappointment. They said, “The project began as an ‘ambitious idea,’ but it’s turned into years of button-tapping, unclear timelines, shifting goals, and constant updates about things ‘coming soon.’”
They also criticized Pi Network, saying it lacks useful features, market trust, and clarity about its future. According to this user, the community deserves real progress and better communication instead of more waiting and repeated promises.
Concerns About Execution
Another social media user, Pi Update, criticized the project as well. They described PI as a “case study in hype outrunning execution.” In simple terms, they believe the project doesn’t live up to the excitement surrounding it. The user added that PI holders are still waiting for basic improvements, like clear tokenomics (key details about the token’s purpose and structure), better liquidity (easier buying and selling), and functions outside its immediate system.
This user concluded that no matter how much enthusiasm the community shows, the project will only reach its potential once it provides real-world use cases and independent price discovery (which means the market, not developers, sets the token’s price based on supply and demand).
The Current State of Pi Network
Overall, Pi Network is in an interesting position. On one hand, it has strong community support and recent developments like reduced token unlocks and increased self-custody. These moves might help the price recover soon. On the other hand, many people are losing patience with the project’s slow progress and lack of clarity about its future.
Whether PI tokens will experience a significant rebound remains to be seen. For now, the community eagerly waits for real-world utility and meaningful updates.