Pi Network’s team has been particularly proactive recently, rolling out key updates and engaging initiatives for the community. Despite their efforts, the price of the native token has struggled to gain traction, remaining in the negative for both weekly and monthly periods. However, indications suggest that a surge could be on the horizon.

Shift from Exchanges

Earlier this week, PI’s value dropped to $0.19, but subsequently, buyers have managed to recover some losses, with the current trading price around $0.20 (according to CoinGecko). While this minor bounce may seem insignificant, the recent movement of tokens from exchanges to personal wallets suggests an upcoming price increase could be anticipated. Data reveals that over 1.2 million tokens migrated from centralized exchanges in the last 24 hours, which typically results in diminished selling pressure.

Presently, approximately 428 million PI tokens are held on exchanges, with Gate.io accounting for the majority. Bitget follows with 147.6 million tokens.

Additionally, the forthcoming token unlocks appear less aggressive than in previous months. Nearly 165 million coins are set to be released within the next month, averaging roughly 5.5 million units daily.

PI Token Unlocks, Source: piscan.io

Some dedicated supporters of PI remain hopeful, citing bullish forecasts. Recently, user Web3_Vibes suggested that the price could rise once it rebounds off the support level near $0.192. Others speculate that PI could even reach an outrageous target of $100, although this appears implausible at present.

Discontent Among Community Members

Despite the optimism, numerous participants in the industry express disappointment at PI’s lackluster performance. User pinetworkmembers lamented that the project has devolved from an “ambitious idea” into a cycle of unfulfilled expectations and vague timelines.

“There’s still no solid utility, no open market confidence, and very little transparency about where this is actually heading. A strong community deserves real progress, not perpetual waiting and recycled promises,” they remarked.

User Pi Update has also voiced concerns, describing the token as a “case study in hype outrunning execution.” They highlighted ongoing waiting for fundamental improvements such as clear tokenomics and actual utility outside the immediate ecosystem.

In summary, they contend that vague assurances from the Core Team and community enthusiasm alone aren’t enough to unlock the project’s full potential.

“Until PI delivers independent price discovery and real-world utility, it feels less like a hidden gem and more like a project stuck between vision and viability,” they stated.