Latest news with #PiCoin
Business Mayor
7 days ago
- Business
- Business Mayor
Pi Coin News: Insider Turmoil and Token Surges Shake Pi Network As Transparency Demands Grow Louder
Pi Network's community, once united by its vision of a mobile-mined, egalitarian cryptocurrency, is increasingly fragmented. In mid-May 2025, over 102.7 million Pi tokens were suddenly withdrawn from cryptocurrency exchange OKX in just three days, sparking volatility and suspicion of insider activity. The surge in Pi Coin transactions—some exceeding 70 million tokens per move—has heightened fears of centralisation and lack of transparency within the Pi Network, even as its token, priced at approximately $0.79, continues to fluctuate sharply from its early 2025 peak of $2.99. Blockchain researchers and analysts now point to troubling signs of internal wallet manoeuvring according to a report by Brave New Coin. These include reports of dormant Foundation-controlled wallets reactivating and selling millions of tokens, further fuelling scepticism over whether Pi Network is truly decentralised, as it has long claimed to be. Key Developments: Price Instability, Insider Concerns The Pi Coin has dropped over 4.8 per cent in the past 24 hours, despite showing a 30 per cent monthly gain. Analysts argue that large-scale token unlocks and strategic sell-offs are depressing the price and creating instability. The token is now facing strong resistance around the $0.90 mark and could dip as low as $0.66 if selling pressure intensifies, warns citing bearish flag patterns on trading charts. 'The PI Coin value is forming a bearish flag,' reported 'with the risk of a drop toward $0.66 if selling pressure intensifies.' Meanwhile, Dr. Altcoin, a well-known blockchain investigator, flagged that more than 1.4 million Pi tokens were sold on from a wallet allegedly linked to the Pi Foundation, raising red flags.'It's not about FUD,' said Dr. Altcoin on X, 'It's about accountability, transparency, and fair participation in a network that has claimed to be for the people.' He further estimates that wallets believed to be under the control of the Pi Foundation currently hold more than 90 billion tokens. Planned Unlocks Stir Market Fears Adding to concerns is the scheduled unlocking of over 1.47 billion Pi tokens in the next 12 months, with 110 million already released in May 2025. While part of a previously announced tokenomics roadmap, the scale and timing of these unlocks—coinciding with insider activity—are shaking investor confidence. '1.4 million Pi moved from an old Foundation wallet to a new one, then sold on insider concerns,' stated Dr. Altcoin, citing on-chain transaction data. Community Frustration Grows Amid Transparency Demands Pi Network's community, once united by its vision of a mobile-mined, egalitarian cryptocurrency, is increasingly fragmented. Longstanding issues with Know Your Customer (KYC) processes, limited utility, and the absence of a mainnet migration for most users have resulted in mounting dissatisfaction.'There are no substantial DeFi projects or dApps built on Pi crypto yet,' a market commentary cited by Brave New Coin noted, adding that, 'Without real use cases, the Pi token price will struggle to sustain any meaningful upside.' Despite launching a $100 million venture fund for dApp development, the Pi Network still lacks key listings on major exchanges like Binance, further reducing liquidity and trader interest. Optimism Endures—But So Do Doubts Some supporters remain hopeful. Crypto influencer Mr. Spock commented that,'While doubters watched from the sidelines, true Pioneers kept mining, building, and believing — and now, the results are beginning to show,' as quoted by Brave New Coin. Another user added, 'This is no longer a testnet experiment—Pi Network Coin is stepping into the real world.' However, until the Core Team addresses issues around token distribution, wallet transparency, and ecosystem utility, Pi Network risks losing trust at a critical juncture of its growth. Analysts warn that future performance will hinge on whether these structural weaknesses are tackled head-on. READ SOURCE
Business Mayor
13-05-2025
- Business
- Business Mayor
Pi Network Price Prediction 2025, 2026 – 2030: Why Is Pi Coin Dropping?
Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that's right, millions love us!) — what are you waiting for? Story Highlights Pi Network price rallies over 34% in 3 days, nearing $1 mark. Banxa integrates with Pi, acquiring 10 million PI tokens post-KYB approval. Price prediction for 2025 targets $1.74, with potential highs of $2.0 and $3.0. The Pi Network is making waves once again, as its price sees a sudden and powerful breakout backed by real-world developments and renewed investor confidence. With increased activity on major exchanges, rumors of Pi Coin Binance listing, and global adoption efforts, Pi is becoming one of the most-watched tokens in the Crypto market. Global interest in Pi Coin price is surging, especially in regions like India and Pakistan, where users are actively searching for '1 Pi to PKR in 2025' and 'Pi Network price in India in the future.' Overview Cryptocurrency Token Price Market cap Circulating Supply Trading Volume All-time high $2.98 on 26th February 2025 All-time low $0.6152 on 20th February 2025 Pi Network May News Pi coin Price surged more than 100% since the start of May. The rally is backed by massive accumulation, as on-chain data shows millions of Pi tokens were bought from OKX and transferred to private wallets, signaling long-term investor confidence. Additionally, Banxa—a global payments platform—just integrated with Pi Network and acquired 10 million more tokens after receiving KYB approval to support Pi trading globally. Adding to the excitement, rumors are swirling that Binance might list Pi Coin, following a cryptic teaser from Pi Network's official X (Twitter) account promising 'something big' on May 14. Pi Network Price Prediction 2025 Pi Network/USD 1D Chart As seen on the daily chart, Pi (PI) reached nearly $3 on OKX back in February. However, the price sharply crashed following heightened geopolitical tensions triggered by widespread trade conflicts between multiple countries. This turmoil caused major global equity and crypto markets to plummet—PI included. Fast forward to May 2025, the landscape appears to be shifting. Market sentiment is improving, and PI's recent price action is showing signs of bullish support. Technical indicators like the Volume Profile and Fibonacci Retracement (from February's high to the recent low) highlight a critical level at $1.740—the 0.5 Fibonacci mark, which also aligns with a high-volume price area. This convergence signals the importance of this level. If bullish momentum continues through May and the coming months, the $1.74 level could act like a price magnet, drawing PI toward it. However, this is also a known supply zone, meaning strong buying pressure will be required to break and hold above it. If PI manages to flip $1.74 into support, higher targets like $2.00 and $3.00 could come into play later in 2025. could come into play later in 2025. On the flip side, if the price fails to hold this level, bearish rejection could drag PI back down to $1.00 or even $0.60. In summary, $1.74 stands as a make-or-break zone for PI, and how the price reacts here could shape the token's mid-term trajectory. Pi Coin Price Targets 2026 – 2030 Year Potential Low ($) Potential Average ($) Potential High ($) 2026 $0.85 $2.25 $3.50 2027 $1.25 $3.25 $5.25 2028 $2.00 $5.50 $8.50 2029 $3.50 $8.50 $13.75 2030 $5.50 $13.75 $22.00 Pi Crypto Price Forecast 2026 The Pi crypto prediction for the year 2026 could range between $0.85 to $3.50. Considering the buying and selling pressure, the average price could be around $2.25 for that year. Pi Coin Price Prediction 2027 During 2027, the Pi network value could reach a maximum trading value of $5.25 with a potential low of $1.25. Evaluating the market sentiments, the average price of this altcoin could settle at around $3.25. Pi Token Price Projection 2028 By 2028, the value of a single Pi coin price could reach a maximum of $8.50 with a potential low of $2.00. With this, the average price could land at around the $5.50 mark. Pi Network Price Analysis 2029 Looking forward to 2029, the Pi coin Price may range between $3.50 and $13.75, and a potential average value of around $8.50. Pi Network Price Prediction 2030 As per our Pi Coin Price Prediction 2030, the Pi coin value in 2030 could reach a high of $22.00. However, the viral altcoin could record a low of $5.50 and an average price of $13.75, if the crypto market turns bearish. Considering stacking more ETH tokens before the altcoin season begins? Read CoinPedia's Ethereum price prediction 2025, 2026 – 2030! Market Analysis Firm Name 2025 2026 2030 CoinCodex $ 2.08 $ 1.48 $ 2.63 $1.08 $1.61 $6.74 DigitalCoinPrice $107.98 $125.57 $265.95 *The aforementioned targets are the average targets set by the respective firms. Also, read Binance coin price prediction 2025, 2026 – 2030! Coinpedia's PI Coin Price Prediction In 2025, a large accumulation is observed with some important integrations in its ecosystem, and there are more developments too, to join in the following year, which paints the picture green mostly for the Pi Network. It is expected to see significant price action, with a target of $1.74 as a key resistance level. If bullish momentum continues, the price could potentially reach $2.0 and $3.0. Conclusion The Pi Network's recent developments—from major token accumulation and Banxa integration to Binance listing rumors—are clear indicators that Pi is no longer just a test project. As market conditions turn favorable and institutional interest grows, Pi Coin is entering a new phase of maturity. FAQs How to sell Pi Coin? Complete KYC in the Pi Network app, then migrate your Pi to the Mainnet, and use a supported exchange like OKX, MEXC, or Flitpay, deposit your Pi and sell it for cryptos or FIAT. What is Pi coin value in USD? The Pi coin today is changing hands at $1.10. Is Pi coin a good investment? If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year. How much is 1 Pi in rupees? The value of 1 Pi coin in rupees is INR ₹94.22. When will Pi coin launch on Binance? Currently, there is no clarity on the launch of Pi coin on Binance. What could be the Pi coin price in India in 2030? The Pi network price in India in 2030 could be a maximum of $22.00. Where to buy Pi coin? Pi Coin is listed on 12 exchanges, including OKX, Bitget, MEXC, HTX, CoinEx, BitMart, LBank, DigiFinex, CoinW, GCB Exchange, and Pionex.
News18
12-05-2025
- Business
- News18
Bitcoin Price Today: Crypto Reclaims $104,000, Market Cap Hits Highest Since February
Last Updated: The price of Bitcoin stood at $104,179.72 with a current market cap of $2.07 trillion as of 10:30 am on Monday, May 12. Bitcoin Price Today, May 12: Bitcoin has recorded the highest market capitalisation since February 2025 after the world's biggest cryptocurrency reclaimed the $104,000 mark. Experts said Bitcoin has held above $100,000 for three straight days, fuelled by President Trump's announcement of a 'total reset" in US-China trade relations after high-level talks in Geneva. The price of Bitcoin stood at $104,179.72 with a current market cap of $2.07 trillion as of 10:30 am on Monday, May 12. Its 24-hour trading volume was $46 billion. Bitcoin recorded a circulating supply of 19.86 million. In rupee terms, the price of Bitcoin stood at Rs 88,04,300. CoinSwitch Markets Desk in its note said, 'Bitcoin surged past the $104K mark yesterday and has held above $100K for three straight days, fueled by President Trump's announcement of a 'total reset" in U.S.-China trade relations after high level talks in Geneva. Institutional demand for BTC continued as BTC ETFs recorded $1 billion in inflows last week." The total crypto market cap climbed to $3.49 trillion, its highest level since February. However, with the Relative Strength Index (RSI) entering overbought territory, a short-term correction or consolidation could be on the horizon. Among altcoins, Ethereum rose 8 per cent over the weekend, and BNB touched $672, its highest since March, it added. Avinash Shekhar, co-founder and CEO of Pi42, said, 'The recent resurgence in Ethereum and altcoins signals a definitive shift in market sentiment, hinting at the early stages of an altcoin season. With Ethereum gaining nearly 40 per cent weekly — driven by macro tailwinds and the Pectra upgrade — and DOGE leading the charge among large-cap alts, investor appetite is clearly broadening beyond Bitcoin." Himanshu Maradiya, founder and chairman of CIFDAQ, said projects tied to the Ethereum ecosystem have shown exceptional strength, like Arbitrum as a key Layer-2 solution, Gala leveraging its L1, and Ethena offering synthetic dollar instruments on Ethereum. Even Pi Network has drawn attention during this rally. The common thread? Ethereum. Pi Coin price crossed $1-mark amidst the positive trade talks between the United States and China. According to CoinMarketCap, the price of Pi Coin was up 33 per cent to $1.25 around 9:20 am IST, with a 280% jump in volume at $1.32 billion. 'The performance of ETH and ETH-based projects signals deepening market confidence and increased capital rotation into Ethereum's expanding ecosystem," he added. First Published:
Express Tribune
12-05-2025
- Business
- Express Tribune
Pi network price soars 35% to $1.29 amid whale activity, exchange listings
Listen to article Pi Network's native token, Pi Coin, surged by 35% in the past 24 hours, hitting $1.29 and crossing a market capitalisation of $8 billion, according to data from CoinMarketCap. This rally pushed Pi ahead of well-established cryptocurrencies like Litecoin (LTC) and Bitcoin Cash (BCH). The dramatic price increase was triggered by a wave of whale activity, with over 90 million Pi coins reportedly moved across exchanges. These transfers resulted in a 278% spike in trading volume, which soared past $1 billion, drawing strong retail interest. Pi Coin's rise also comes amid growing speculation about a Binance listing, following what users are calling "test transactions" on the platform. The Pi Core Team is reportedly buying Pi from exchanges to stabilise prices after recent distributions, while a major announcement is expected on May 14, fuelling further market optimism. Technical indicators suggest strong bullish momentum. Pi Coin has maintained position above key Exponential Moving Averages (EMA) and has signalled continued upward movement via the MACD and RSI indicators, despite the latter suggesting overbought conditions at 91.61. If current trends hold, Pi Network could break resistance at $1.35 and target $1.80, a key level from March. While fundamentals and market sentiment appear strong, analysts advise caution due to limited transparency, questions around the project's mainnet status and past scam allegations. Still, Pi's remarkable performance places it firmly in the spotlight among top-performing altcoins this week, alongside Kaspa (KAS) and Peanut (PNUT), amid a broader crypto market rally.
News18
12-05-2025
- Business
- News18
Pi Coin Price Surges 50% Amid Positive US-China Trade Talks
Last Updated: Pi Coin Price: Over the past seven days, the price are up 113 per cent as per CoinMarketCap. Pi Coin Price: Pi Coin price zoomed 50 per cent to cross $1-mark amidst the positive trade talks between the United States and China. According to CoinMarketCap, the price of Pi Coin was up 33 per cent to $1.25 around 9:20 am IST, with a 280% jump in volume at $1.32 billion. Over the past seven days, the price are up 113 per cent as per CoinMarketCap. With the rise in investors' optimism and interest, the market cap of Pi Coin surged to $8.87 billion with a jump of 34 per cent. The positive developments surrounding the trade talks between the US and China have improved market sentiment, increasing buying interest in risk assets like cryptocurrencies, stated Shivam Thakral, CEO of BuyUcoin. 'If the trade deal leads to reduced tariffs and improved global trade, increased corporate profits and overall liquidity in the financial markets could spill over into the cryptocurrency market," he added. Meanwhile, Bitcoin also crossed the psychological $100,000 mark on the optimism of several bilateral trade deals forged by the United States including US-Uk trade deal. Bitcoin is trading above $104,000 as the markets remain optimistic about the US-China trade deal. With the RSI holding above 70, the asset is showing strong bullish momentum at current levels. Additionally, On-chain data reveals nearly 350,000 new BTC wallets created in a day, indicating rising retail interest and fresh liquidity, said Alankar Saxena, Co-founder and CTO of Mudrex. US-China Trade Talk US Treasury Secretary Scott Bessent on Sunday reported 'substantial progress" in US talks with China's top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva. Bessent told reporters that details would be announced on Monday and that US President Donald Trump was fully aware of the results of the 'productive talks." First Published: May 12, 2025, 09:44 IST
