Rising Pi Network (PI) Values: Weekly Increase of 13%, Anticipating Further Gains?

Rising Pi Network (PI) Values: Weekly Increase of 13%, Anticipating Further Gains?

The cryptocurrency market is abuzz with the latest developments surrounding Pi Network's native digital currency, Pi (PI). After a week of significant growth, Pi has seen a 13% increase, reaching a high of $0.46 on August 10 and currently trading at $0.40.

Exchange Reserves and Whale Accumulation

One notable trend in the Pi market is the increase in the amount of Pi tokens held on exchanges. Over 407 million Pi tokens are currently held on crypto exchanges, with Gate.io alone accounting for 194 million. However, this increase in exchange reserves is counterbalanced by evidence of significant whale accumulation. One major wallet reportedly acquired over 331 million PI tokens, reducing the circulating supply and signaling confidence from large holders.

Upcoming Token Unlocks and Supply Pressure

The upcoming unlocks may negatively impact the price of Pi, with 170 million PI to be freed up in the next 30 days. These unlock events often increase sell pressure, but the Pi community is working to combat this. Active developer ecosystems and hackathon events, such as the 2025 Pi Network hackathon, aim to boost dApp activity and ecosystem utility. This growth in real use cases and token burn mechanisms could offset some of the sell-side pressure due to unlocks, potentially aiding price stability or recovery.

Price Forecasts

Short-term predictions indicate a potential surge from current levels near $0.35–$0.45 up to $0.50–$0.66 if bullish momentum continues, with some optimistic projections suggesting a 150% rise to around $1 around ecosystem catalysts like hackathons. Longer-term forecasts remain divided: conservative models expect $20–$30 by 2030 with exchange listings and adoption, while optimistic scenarios see potential highs above $100, contingent on Pi gaining strong utility and mainstream adoption.

Risks and Caveats

Despite the promising outlook, it's important to remember that Pi Network is still considered an early-stage project with significant volatility and risk. There is no major exchange listing yet (e.g., Binance or Coinbase), which is a key catalyst many expect for wider liquidity and price appreciation. Also, failure to break critical resistance levels or a sell-off beyond previous lows (~$0.32) could extend the bear trend.

Extending the .pi Domains Auction

To further support the Pi ecosystem, the .pi domain auction has been extended to the end of September. This extension allows users more time to innovate, build, and bid for their applications. Customizing Pi Wallets with simple, name-based addresses ending in .pi makes payments and interactions easier. Onramp.money and Banxa are also KYB-verified partners for Pi Network, enabling direct Pi purchases with local currency using various payment methods.

In summary, the increase in exchange reserves and whale accumulation suggests underlying confidence in PI. However, upcoming token unlocks may introduce supply-side pressure. Ecosystem growth initiatives like hackathons aim to enhance utility and counterbalance unlock-related sell-offs. The price outlook in the near term points to a potential recovery towards $0.50–$1 if demand accelerates, but downside risks remain if critical supports fail.

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