As the balance of Pi Coin on exchanges increases, a potential selling pressure is anticipated. The last 24 hours saw 6.5 million Pi coins moved to exchanges, which could indicate that holders are preparing to sell.
Currently, over 359 million Pi coins are held by exchanges like OKX, Gate.io, and Bitget. Gate.io recorded the highest deposit growth, with more than 2.1 million Pi added recently.
Despite the influx of coins on exchanges, the Pi Coin’s price only fell by 0.90% to 0.5302 USD, while trading volume decreased significantly by 45% to 43.1 million USD.
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