Predicting the price of PI as 300K tokens come out of the exchange after the anniversary of the PI Network
About 300,000 PI tokens have exited the medium exchange in the past 24 hours as the price of PI has risen near $0.16, a move that comes as the Pi Network marks one year since the launch of the Open Network.
Summary
- More than 305,000 PI tokens recorded a total outflow of 24 hours from the central exchange, with the total balance on CEX close to 430.1 million PI, according to PiScan data.
- The release comes as Pi Network marks one year since the launch of the Open Network, highlighting the growth of KYC approvals, mainnet migration and developer participation.
- PI is trading near $0.162, with resistance at $0.18–$0.20 and key support at $0.15, while momentum indicators are showing mixed signs.
The anniversary highlights Pi Network’s growth across KYC approvals, mainnet migration, developer participation and overall network activity.
In a recent update, the Pi Core Team said that since the Open Network went live, the project has expanded “to all aspects of the ecosystem from KYC and Mainnet migration to developer work and overall network participation.”
The team added that the milestone reflects continued progress driven by “Pioneers, developers, businesses, and KYC verifiers around the world,” pointing to ecosystem growth metrics achieved over the past year.
The next-day update comes as on-chain data suggests a shift in the exchange’s flow.
According to PiScan data, medium exchange wallets recorded a total outflow of 24 hours of about 305,547 PI tokens (PI), with total exchange rates standing at around 430.1 million PI. OKX alone posted a net outflow of more than 623,000 PI during that period, dwarfing inflows from platforms like Bitget and Gate.io.
An exchange exit is often interpreted as a reduction in liquidity on the trading side, as tokens removed from an exchange are not readily available for trading. Although the size of the output remains limited compared to the total amount, it corresponds to the renewed social interaction after the anniversary of the network.
PI price analysis
On the daily chart of PI/USDT, the price is currently trading around $0.162, up about 1.3% on the session. The broader trend since January shows a strong pullback from highs near $0.21, followed by a sharp retracement in mid-February towards the $0.19 area.
That repetition is over, PI makes a low pitch. Current resistance remains around $0.18, while a strong barrier remains near $0.19–$0.20, where previous rallies have stopped. On the other hand, $0.15 serves as a key support, a break below that level could expose the $0.13 region.
Indicators of momentum are mixed. The Balance of Power Reading has turned positive at 0.30, which suggests short-term buying interest, but the Chaikin Money Flow (CMF) remains negative at -0.16, indicating that broader financial flows are still bearish.
If the exchange’s outflow continues and buying pressure intensifies, the PI may make another attempt towards $0.18. However, failure to hold above $0.15 could strengthen the existing bearish structure.
