The post Pi Network News: Price Dips Ahead of 5M Token Unlock Today appeared first on Coinpedia Fintech News
Pi Coin is currently trading at $0.63, marking a 2% decline in the last 24 hours. After reaching a local high back in February, the price has since experienced a sharp drop and now appears stuck in a sideways trading range. The key resistance level remains at $0.70, a level Pi Coin has attempted to break several times with no success. If this threshold is breached, it could open the door to further gains, potentially above $0.80.
However, the lack of clear market catalysts makes a breakout uncertain. Ongoing token unlocks—reportedly in the millions daily—are adding constant supply pressure, which has further dampened momentum. On April 22, 4.9M Pi Coin tokens are set to unlock.
Whale Activity Sparks Interest
Despite the stagnant price action, Pi Coin is seeing major whale activity. A massive $7.5 million PI, valued at $4.82 million, was just withdrawn from OKX and transferred to a private wallet. This move follows several similar transactions in recent days. In total, the whale has acquired over $48 million PI, now worth an estimated $31 million.
Such high-volume accumulation often draws market attention and can be a bullish signal, especially if institutional or large private investors are positioning ahead of expected developments.
Long-Term Outlook Shows Potential
Looking ahead, Pi Coin still holds promise. According to projections from CoinCodex, the coin is expected to trade between $0.63 and $2.16 throughout April 2025, depending on market conditions. The forecast implies a potential return on investment (ROI) of 238.31%, driven largely by growing expectations of major exchange listings and broader adoption.