Another Day, Another Pi Dump
Pi Crypto tanked *again*, dipping below $0.21. Why? The “Core Team” just shunted another 2 million PI from their reserve wallet. Sound familiar? It should. This isn’t their first rodeo. On-chain data shows this move mirrors a September event when they moved 50 million PI, then routed multiple tranches to OKX. The wallet now holds under 48 million PI after pushing another 3 million to the exchange this week.
Is Pi Just Stalling?
The latest “updates” from Pi are… odd. The Core Team, for the umpteenth time, promised a phased move to an Open Mainnet in 2026. But they offered no dates, no milestones, nothing resembling a real plan. Sure, they pushed new app integrations and KYC access through developer channels. The market? Barely a shrug. For long-suffering holders, each “update” feels less like progress and more like deliberate stalling.
Bears Take Control of PI Price
Technically, PI is breaking down. The four-hour chart screams bearish continuation after the token lost the critical $0.22 support. The Relative Strength Index (RSI) sits at a dismal 37, the MACD is deep in negative territory, and the price structure leans heavily toward a retest of the $0.1919 support. If that level collapses, PI risks revisiting its October 10 low of $0.1533, effectively resetting to all-time low territory. The only way out? Reclaiming the 50-day EMA near $0.2364. But a true reversal? That demands smashing through the psychological $2.50 ceiling. Right now, that looks like a distant fantasy.
