Pi Network (PI) Taps a New ATH, But It’s Not What You Think
Main Idea
Pi Network's PI token has seen a 7% price increase to $0.48, with exchange holdings reaching a new all-time high of over 400 million, while facing potential selling pressure from upcoming token unlocks.
Key Points
1. Pi Network's PI token price surged by 7% to $0.48 in the past 24 hours.
2. Exchange holdings of PI tokens hit a record high of over 400 million, with Gate.io and Bitget leading.
3. Over 180 million PI tokens are scheduled for release in the next 30 days, with July 28 and 29 being key dates.
4. Despite being down 80% from its all-time high of $3, some analysts predict future price increases, with one forecasting $4.
5. The Pi Network team has recently highlighted advancements in some of its features.
Description
TL;DR PI hit a new record in exchange balances, a potentially bearish signal that reflects increased immediate selling pressure. However, optimism is growing, with some analysts envisioning a price jump to $1 and even $4. The New Peak Pi Network’s PI has finally shown some resurgence in the past 24 hours, with its valuation soaring by 7% to the current $0.48 (per CoinGecko’s data). However, it is not the asset’s price that took center stage today (July 22). Latest data shows that the total numbe...
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