PI DOGE price

The post Pi Network Wallet Moves 2.8M Tokens from OKX appeared first on Coinpedia Fintech News A mysterious wallet has grabbed the crypto community’s attention after on-chain data from PiScan revealed it has withdrawn millions of PI tokens from OKX.  The wallet, tagged as ODM, now holds over 315 million PI, sparking speculation about a potential buyback strategy by the Pi Core Team or preparation for a major exchange listing. PiScan Data Reveals Massive PI Token Accumulation According to PiScan, the ODM wallet has received around 2.8 million PI tokens from the OKX exchange. This isn’t the first time it’s made waves—earlier, it withdrew 3.5 million PI tokens in a single move. Currently, the wallet is sitting on over 315 million PI tokens, making it one of the largest holders in the ecosystem. Who Controls the ODM Wallet? As of now, the identity behind the ODM wallet remains undisclosed. However, rumors are circulating that it might be operated by the Pi Core Team as part of an internal buyback initiative. Such strategic accumulation by a non-public wallet has drawn comparisons to early Bitcoin “Satoshi” wallet behavior, fueling speculation that Pi Network could be prepping for something big—perhaps an ecosystem upgrade, token stabilization plan, or exchange listing. Is It an Official PI Buyback Wallet? If confirmed, the ODM wallet may be part of an official buyback mechanism aimed at: Stabilizing PI’s market price, Enhancing liquidity for decentralized exchanges (DEXs), Supporting developer grants and hackathons. While the Pi Core Team has actively promoted development through hackathons, their position on price stabilization remains unclear. PI Token Price: Volatile and Under Pressure The PI token has seen a sharp decline: Down 10.9% in the last 14 days, Down 4.8% in the past week, Down 2.2% in the last 24 hours. This trend reflects growing pressure from token unlocks and circulating supply increases. Concerns Over Token Unlocks Intensify Between July 8 and July 15, over 100 million PI tokens were unlocked—1.5% of the total supply. The largest daily unlock occurred on July 4, when 19.39 million tokens were released. Looking ahead, another 137.85 million PI tokens are scheduled to unlock by month-end, with similar figures expected in August. These unlocks are causing selling pressure, contributing to volatility in the market. Some investors fear further drops unless liquidity support mechanisms are introduced—possibly via wallets like ODM. Why This Matters: Strategic or Speculative? If ODM is indeed a Pi Core Team-controlled wallet, its activity could: Provide short-term market stability, Signal a major announcement or listing, Support ecosystem growth through controlled accumulation. However, until verified, the wallet’s role remains speculative, and the market is watching closely.

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Key Insights: Pi Coin price struggles to break out despite the broader crypto market’s robust rally. Expert Kim H Wong highlights three reasons behind Pi Network’s listing delay on Binance and Coinbase. Analyst Dr Altcoin predicts Pi Coin price to rally 100X organically without major listings. As Pi Coin price has continued to struggle for a breakout, discussions are soaring over the potential catalysts that could help gains in it. Many have cited the lack of transparency or major developments by the Pi Core Team behind the stagnant movement of the asset. Besides, many community members also said that the delay in major listings on exchanges like Binance or Coinbase may have hindered its rally. Amid this, a renowned market expert has revealed key reasons that might be causing the Pi Network’s major listing delay. However, it’s worth noting that not everyone in the community believes that the listing would have any major impact. An analyst has recently said that Pi Coin price will increase organically by at least 100X, even without the Binance or Coinbase listings. So, let’s take a quick tour of the asset’s recent performance. Besides, we would also discuss the likely reasons behind the listing delays and how much its price may increase organically in the coming days. Pi Coin Price Consolidates Despite Crypto Market’s Robust Rally Pi Network price has been hovering between $0.44 and $0.5 levels over the past few weeks, with many expressing their frustration over the consolidation phase. Notably, this comes despite a robust rally in the broader crypto market, with Bitcoin price hitting a new all-time high. As of writing, Pi Coin price was down nearly 4% today and exchanged hands at $0.45. Its trading volume stayed near the flatline in the 24-hour timeframe at $78.83 million. The crypto has touched a one-day high and low of $0.4704 and $0.4471, respectively. Notably, Pi’s value has lost around 1% in the weekly chart, while declining around 26% over the last 30 days. Meanwhile, this downturn in the crypto’s price, despite a broader market rally, has raised eyebrows among traders. Besides, the latest loss has also taken Pi Coin out of the top 30 crypto ranking by market cap. Expert Reveals Reason Behind Pi Network’s Listing Delay As Pi Coin price struggles to break out, discussions are soaring on the potential catalysts for growth. Amid this, renowned market expert Kim H Wong has revealed the possible reasons behind the delay in Pi Network’s listing on major exchanges like Coinbase and Binance. According to Wong, the delays are attributed to three key factors: Pi Network’s blockchain code is not being fully open-sourced. The lack of a third-party security audit. The possibility that Pi Network may not have applied for listing. The expert analysis suggests that Pi Coin has made significant progress, including setting up a $100 million venture fund and Pi App Studio. However, he noted that Pi Network still needs to address these critical issues. The absence of confirmed third-party audits and closed mainnet status may hinder Pi Network’s prospects for listing on Coinbase and Binance. He said that these leading exchanges prioritize verified security and compliance. However, Wong advises investors to focus on ecosystem development and mass adoption, rather than daily price fluctuations. With infrastructure in place, he said that Pi Network is poised for growth, and patience may be rewarded with significant gains in the future. Can Pi Coin Rally 100X Without Major Listings? While discussions are soaring that the major listings could significantly impact the Pi Coin price, analyst Dr Altcoin has shared a different perspective. He noted that the Pi Network price is poised to grow “organically” even with Binance or Coinbase’s backing. In a recent X post, the expert said that Pi Network’s focus on building a peer-to-peer ecosystem with real-world utility sets it apart from other projects. He believes that the Pi Coin price will grow organically through ecosystem adoption. He has cited Pi Network’s AI App Studio and $100 million venture fund as the potential reasons behind the future growth. In addition, Dr Altcoin predicts that as the ecosystem expands, Pi’s value will stabilize and increase over time. While a user has mocked his view, highlighting the downtrend in the asset’s price, Dr Altcoin has made a bold forecast. He predicts Pi reaching 100 to 300 times its current value within the next five years. Pi Coin Price Prediction | Source: Dr Altcoin, X This has also sparked discussions among traders, while reflecting his confidence in the asset. The post Pi Coin: Why Coinbase & Binance are Delaying Pi Network Listing appeared first on The Coin Republic.

You know crypto is having a good time when... The "top losers" are filled with stablecoins

The post Pi Network Price Today Drops to $0.45 While Bitcoin Hits $122K  appeared first on Coinpedia Fintech News Pi Network price today has plunged to $0.45, despite Bitcoin soaring to a new all-time high of $122,000. The drop is largely due to a rapid increase in Pi’s circulating supply, weak demand, and low market liquidity.  While Bitcoin enjoys the spotlight in this bull run, Pi Coin is struggling to keep up, and some in the community now fear the worst. Why Pi Network Price Today Remains Low Despite Mainnet Growth? Many Pi supporters admit they would love to see Pi hit $10 someday. But for this bull market, that dream is slipping further away. One of the biggest challenges facing Pi right now is the rapid increase in its circulating supply.  With mobile mining rewards continuously being unlocked and more tokens migrating from testnet to mainnet, supply is growing faster than demand. This has led to over $37 million worth of Pi tokens getting migrated to the mainnet.  But despite this growth, the price of Pi Coin is stuck near its lowest levels, trading around $0.45. Low Liquidity and Developer Inaction Weigh Heavily on Pi Coin Value The Pi community believes that rising supply, along with low market liquidity, is the main reason Pi is struggling to grow. There’s very little buying interest, and not enough liquidity to support price gains.  On top of that, the project is facing criticism for limited support from the developer team. Many feel the Core Team is not giving enough space for community developers to contribute, which could be slowing innovation and shaking investor confidence. On higher time frames, the Pi price chart is showing lower lows, often a warning sign of further downside. When Bitcoin surged past $122,000 recently, Pi only touched $0.53 before crashing back down to $0.45. However, Pi is currently trapped under the 0.382 Fibonacci retracement zone, suggesting it may continue to slide unless demand picks up. The next support lies around $0.40, a level which hasn’t been touched since the beginning of June. Despite the gloomy outlook, some see this dip as a rare opportunity. While others fear the end, a few view it as a time to accumulate. But with scammers outpacing community trust, engagement dropping, and more unlocks on the way, Pi’s short-term future looks shaky. The question now is: can Pi recover from this deep correction, or is this the beginning of a longer winter?