On February 24, coinciding with the one-year anniversary of the Pi Network open mainnet launch, approximately 300,000 PI tokens were transferred out from centralized exchanges, with Pi Coin maintaining a price around $0.16. This outflow reflects a decrease in immediate sell-side liquidity on exchanges and highlights increased community engagement and ecosystem activity. The Pi core team stated that since the mainnet went live, the project has seen significant growth in KYC approvals, mainnet migration, developer activity, and overall network participation.
On-chain data shows that in the past 24 hours, exchange wallets have net outflows of about 305,547 Pi Coins, with a single CEX net outflow exceeding 623,000 Pi Coins, offsetting small inflows on platforms like Gate. Although this movement is limited relative to the total supply, combined with the anniversary celebration, it indicates steady expansion of the network ecosystem and sustained confidence among long-term holders.
From a technical perspective, the PI/USDT daily chart shows Pi Coin trading near $0.162, up approximately 1.3% for the day. Since January, Pi Coin’s price has fallen from a high of $0.21, rebounded to around $0.19 in mid-February, but the rebound momentum has weakened. Immediate resistance is at $0.18, with strong resistance between $0.19 and $0.20. Key support below is at $0.15; breaking this level could push the price further down to $0.13.
Momentum indicators show short-term buying interest remains, with the “Strength Balance” turning positive at 0.30, but the “Chai Gold Capital Flow” indicator is at -0.16, indicating overall capital flow still favors downside. If exchange outflows persist, Pi Coin may attempt to challenge the $0.18 resistance again through buying pressure; conversely, breaking below $0.15 would reinforce a bearish outlook. Market analysis suggests that the outflows during the anniversary, combined with increased network activity, could guide future price movements of Pi Coin and serve as an important signal for long-term holder sentiment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network's new reward plan offers $0 but sparks frenzy. Can Mobix's promotion of real-world business implementation rewrite the value logic of Pi Coin?
On February 25, news reports indicate that despite the new position offering a $0 salary, the Pi Network community has shown great enthusiasm for Mobix's global expansion plan. According to the latest update, Mobix is encouraging representatives from various countries to participate in building localized commercial networks, promoting Pi's use in real-world payments and circulation, and accelerating the transition from mining incentive models to actual consumer scenarios.
The core of this plan is to establish a "Global Business Layer." Mobix recruits volunteer representatives from different regions to coordinate product delivery, optimize order processing workflows, and improve cross-border transaction communication efficiency. This localized support mechanism aims to reduce transaction friction, enhance the Pi payment experience, and provide infrastructure support for Pi's commercialization. Unlike crypto projects that rely on price speculation, this model emphasizes real commodity exchanges and everyday payment use, reinforcing its positioning as a "practical digital currency."
GateNewsBot4h ago
Pi’s New Job Pays $0… So Why’s Everyone Obsessed?
Mobix's global initiative promotes real-world applications of the Pi Network, enabling users to purchase tangible goods with Pi, fostering commerce and reducing speculation. Local representatives enhance trust and efficiency but may face challenges due to reliance on unpaid volunteers. The initiative aims to establish Pi as a credible digital currency through increased transactions and ecosystem growth.
Coinfomania5h ago
Pi Open Network One Year Anniversary: Founders Emphasize Practicality and KYC Ecosystem, Mainnet Migration Surpasses 16.2 Million
On February 25, Pi Network celebrated the one-year anniversary of its open network launch by releasing a new video message from founder Chengdiao Fan, reaffirming the development path of "practicality first." She stated that Pi is different from projects driven by ICOs or short-term speculation, instead focusing on long-term value through mobile mining, real identity verification, and local business applications, with the goal of promoting practical daily payments and application scenarios.
Official data shows that approximately 16.2 million users have completed mainnet migration, and about 17.7 million have completed KYC verification; the total number of active nodes on the network exceeds 421,000, with over 9 billion Pi transferred into mainnet wallets. On the ecological level, hundreds of applications are already online, with around 148,000 merchants registered on the Pi Map e-commerce platform, emphasizing the parallel promotion of user participation and commercial activities, rather than just mining growth.
GateNewsBot5h ago
Pi Network Explodes in Growth One Year After Open Network Launch
_Pi Network mainnet users hit 16.2M, KYC tops 17.4M, 148K merchants onboard as Pi Coin trades near $0.16 after $0.20 peak._
Pi Network marked one year since its open mainnet launch with sharp growth in users, nodes, and merchant adoption.
New data shared by the project shows strong expansion a
LiveBTCNews6h ago
Pi Founder Highlights Utility Focus As Open Network Turns One
The Pi Core Team shared a new video message from Pi founder Dr. Chengdiao Fan. She stressed that Pi Network is intentionally different from most crypto projects. In the post, Fan explained that Pi focuses on real-world utility, not short-term trading hype
She said the network aims to build
Coinfomania6h ago
