PI Token Jumps While Crypto Market Bleeds

TL;DR

• Pi Community’s native token has defied the general crypto market development in the present day as its value has risen by 4% since yesterday and has defended the $0.8 assist.
• PI’s neighborhood rapidly picked up the constructive value actions, which got here after weeks of consecutive retracements, and outlined bullish predictions.

Lower than every week after its official launch on February 20, PI skyrocketed to a contemporary all-time excessive at $3 on February 26. Nonetheless, its momentum rapidly evaporated, and the asset went south arduous.

Within the following month, PI plunged by over 70% and dumped to underneath $0.75, which many analysts highlighted as an essential assist zone that would result in a value reversal.

This appears to be the case thus far, as PI has risen by over 14% since that native backside. On a every day scale alone, the asset is up by 4.1%, based on knowledge from CoinGecko.

Though 4% doesn’t sound like a lot, particularly when contemplating its total crash previously month, it’s notably spectacular given the truth that nearly your entire crypto market is within the pink in the present day. BTC is down under $86,000 as soon as once more, whereas alts reminiscent of DOGE, LINK, SHIB, DOT, APT, and ICP have dropped by over 5%.

PI’s rising neighborhood praised the value reversal, and a few projected a right away surge to $1.2. Others highlighted the rising buying and selling quantity, which may very well be thought of a very good signal as effectively in an surroundings of low exercise within the broader market.

Maybe what’s most bullish with regard to PI’s value actions is the truth that the token’s alternate deposits have slowed all the way down to roughly one million, in comparison with the large numbers registered over the previous month.

At one level, there have been over 300 million PI tokens transferred to centralized exchanges, which will increase the promoting strain instantly.

$PI exchanges deposits are lastly slowing down.
Within the final 24 hours solely 1M $PI was deposited.
The largest switch was exchanges to alternate (Bitget to GATE)

If the development continues we’ll see the alternate provide begin to scale back and ultimately pump the value.#PiNetwork pic.twitter.com/CbWAHDs9om

— MOON JEFF (@CRYPTOAD00) March 27, 2025

Sure constructive developments are additionally occurring within the Pi Community ecosystem, reminiscent of Telegram pockets integration for PI. You will discover extra on the matter in our frequent Pi Network News section.