Pi Network (PI) Taps a New ATH, But It’s Not What You Think

TL;DR

• PI hit a brand new file in alternate balances, a doubtlessly bearish sign that displays elevated instant promoting strain.
• Nonetheless, optimism is rising, with some analysts envisioning a worth bounce to $1 and even $4.

The New Peak

Pi Community’s PI has lastly proven some resurgence prior to now 24 hours, with its valuation hovering by 7% to the present $0.48 (per CoinGecko’s information). Nonetheless, it’s not the asset’s worth that took middle stage at the moment (July 22).

Newest information shows that the whole variety of PI tokens saved on cryptocurrency exchanges has hit a brand new all-time excessive of over 400 million. Gate.io leads the best way with 191.1 million, adopted by Bitget with roughly 138.3 million.

This improvement is really bearish and alerts that the worth might head south because of the elevated instant promoting strain. 

The unlocks scheduled for the next weeks may also be interpreted as unhealthy information for the bulls. Over 180 million tokens are scheduled for launch within the subsequent 30 days, with July 28 and July 29 being the file days.

Whereas it might not set off a widespread sell-off, the transfer provides buyers the chance to lastly offload belongings they’ve been ready for a very long time. 

The Rally to $1?

PI is likely to be down over 80% from its all-time excessive of roughly $3, however its revival within the final 24 hours has reignited optimism amongst its supporters, fueling recent optimistic predictions. X person MOON JEFF thinks the asset is making an attempt to reclaim its glory, assuming that the rally to $1 might need began.

$PI is now making an attempt to reclaim its glory. .
Many ALTs have been pumping but it surely has been left behind.
The rally to 1 greenback might need simply began. #PiNetwork . pic.twitter.com/z2ddUr4h5y

— MOON JEFF (@CRYPTOAD00) July 22, 2025

One other analyst noted that PI’s newest pump comes shortly after Pi Community’s group revealed the developments of a few of its options. Only a few days in the past, the builders disclosed that greater than 7,600 chatbot purposes and 14,100 customized apps have been created and revealed by pioneers since the launch of Pi App Studio.

Whale.Guru – an X person with nearly 400,000 followers – is among the many greatest optimists. Final week, the analyst envisioned a worth explosion to $4, admitting they’ve turned from a PI hater to a proponent.