The Pi Network (PI) is showing signs of renewed momentum, with its native token climbing 2% and testing the crucial $0.50 resistance level. This marks a potential reversal after months of downward pressure that began in May, following a peak near $1.65. While bullish sentiment is cautiously returning, recent large-scale withdrawals from OKX and an upcoming major token unlock have sparked mixed reactions across the crypto community.
PI Coin Breaks Above Key Resistance
After a prolonged bearish phase, Pi Coin has re-entered a recovery zone. As of early July 2025, the price rose approximately 1.84%, reaching $0.5026, briefly breaking above the psychologically important $0.50 threshold. This move comes after weeks of consolidation below $0.47, a level that bulls have been fiercely defending.
The 24-hour trading volume sits around $94 million, with a market capitalization nearing $3.84 billion. The coin also briefly crossed above its 20-day moving average at $0.56 last week but failed to sustain momentum against the stronger 50-day resistance at $0.66.
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Major Withdrawals Signal Confidence or Distribution?
A significant development has caught the attention of on-chain analysts: a large withdrawal of 2.8 million PI tokens from OKX. Over the past three days, approximately 12 million PI coins were purchased and removed from the exchange — a clear sign of movement that could indicate either strong holder confidence or strategic distribution.
Currently, centralized exchanges collectively hold about 356 million PI tokens, with OKX alone accounting for 19.7 million. Large outflows like these often precede long-term holding patterns or private transfers, but they can also precede future sell-offs depending on the actor involved.
Upcoming Token Unlock: A Double-Edged Sword
One of the most critical events on the horizon is the scheduled unlock of 318 million PI tokens, expected in July 2025. Valued at nearly $160 million at current prices, this influx could significantly impact market dynamics.
Such a supply surge may increase selling pressure, especially if demand doesn’t keep pace. Historically, large unlocks have led to short-term price corrections in many altcoins, particularly those still establishing their market foothold.
If demand remains steady and investor confidence grows, the network may absorb the new supply. However, failure to maintain support at key levels like $0.47** could trigger a drop toward **$0.40.
Conversely, if PI sustains above $0.50 and builds upward momentum, targets at **$0.57 and then $0.60** become realistic.
Concerns Over PI Core Team’s Past Sales
Amid rising optimism, skepticism lingers. Crypto analyst Dr. Altcoin recently pointed out that the PI Core Team (PCT) sold millions of PI tokens at prices well below $2 to fund the **$100 million Pi Network Ventures Fund**. This move has raised eyebrows, especially given exaggerated price claims circulating in some community circles.
“If even the core team priced their capital raise below $2,” the analyst noted, “should retail investors really believe in unrealistic GCV-driven valuations?”
This highlights a broader concern: alignment between project leadership and community expectations. While fundraising is essential for ecosystem development, early sales at low valuations can undermine long-term trust.
Ecosystem Growth vs. Market Realities
Despite price volatility, Pi Network continues to expand its ecosystem. Over 7,900 AI-powered applications are now live or in development within the network, signaling growing utility beyond speculative trading.
Mainnet activation remains a pivotal milestone. Once fully decentralized and integrated with real-world use cases — such as decentralized identity, mobile mining integration, and cross-border payments — PI could see stronger fundamentals supporting higher valuations.
However, challenges persist:
- Limited listings on major exchanges
- Ongoing centralization concerns
- Dependence on community-driven adoption
- Regulatory uncertainty in key markets
These factors contribute to PI’s volatile price behavior and underscore why many investors remain cautious despite its massive user base.
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What’s Next for PI Price in July 2025?
The path forward for Pi Coin appears uncertain but not without opportunity. Breaking and holding above $0.50 is essential for bullish continuation. A successful hold could open doors to $0.57 and eventually $0.60.
On the downside, failure to defend $0.47 may accelerate selling, especially as unlocked tokens enter circulation. Traders should monitor:
- On-chain exchange flows
- Wallet accumulation trends
- Development updates from the core team
- Broader market sentiment in the altcoin sector
Technical indicators suggest a make-or-break period ahead. A sustained close above the 50-day moving average ($0.66) would be a strong bullish signal — but remains unlikely without significant buying pressure.
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Frequently Asked Questions (FAQ)
What is Pi Coin’s current price?
As of early July 2025, Pi Coin trades around $0.5026, up about 1.84% in the past 24 hours. It is attempting to consolidate above the $0.50 resistance level after months of decline.
Why are large PI withdrawals happening from OKX?
Over 12 million PI tokens have been withdrawn from OKX in three days, including a single transaction of 2.8 million coins. These movements may signal long-term holding intentions or private transfers, though they could also precede future selling activity.
How will the 318 million PI token unlock affect price?
The unlock represents nearly $160 million in new supply entering the market. If demand doesn’t match this increase, it could create downward pressure on price, especially if confidence wanes or selling by early holders accelerates.
Is Pi Coin a good investment in 2025?
Pi Coin presents both opportunity and risk. Its growing ecosystem of over 7,900 AI apps offers long-term potential, especially post-mainnet activation. However, risks include upcoming unlocks, limited exchange availability, and questions about centralization and team token sales.
Did the PI Core Team sell tokens at low prices?
Yes — reports indicate that the PI Core Team raised funds for a $100 million venture fund by selling millions of PI tokens at valuations below $2 each. This has led to skepticism about inflated community-driven price expectations.
What are the key support and resistance levels for PI?
Key support sits at $0.47; a break below could lead to a drop toward $0.40. Resistance levels are at $0.57 and $0.60, with stronger resistance at $0.66 (50-day moving average). Holding above $0.50 is critical for near-term bullish momentum.