Top Reasons Why Pi Network Price is Up Today Despite Team Dumping 16M Tokens

Pi Network price is doing well today. This is unusual because it means that those buying have not been shaken even by some dumping. They keep buying, and they may have just taken tokens to their wallets. When these are not floating out there, there is space for Pi Coin to go up, and this is what it is doing.

Pi Core Team Sends 16M Tokens to Exchanges

Data from PiScan shows the Pi Core team just moved more than 16 million PI from their bags. This usually sends those who are holding to panic mode, but now, this is not the case. Those buying have not moved an inch, and they could still be filling their bags with what the team has sent out there.

Going by where Pi Network price is right now, these coins are worth $2.8 million, and when these ones end up in the market, it is not very good for the price.

On CoinMarketCap, volumes went down by 20%. It shows that even if there are not that many buyers out there, sellers are also as few. That means Pi Network price may just continue with the journey up.

Those buying could also have some scoop that PI is just at the beginning of what might be a very good May. As earlier reported by CoinGape, Pi Coin founders will speak at Consensus 2026, and whatever they say there might just move the price up.

But there is something else going on with PI. Network upgrades are happening after the Protocol 22 update. And this means those using Pi Network will increase, and the price will be in a good place.

Pi Network Price Eyes Rally Buyers Step Up

The gains that Pi Network price is seeing could just be the beginning. Those who are buying are moving the CMF. It is not at zero anymore, and it is still going higher. And if it can just remain above zero, it means it is not yet done.

Again, the RSI is in a good place. It just went from the signal, and this is a good sign to show bulls are fighting tooth and nail to still be in control.

From these two things, the next question is where the long-term Pi Network price prediction is going, and Fib gives a good answer. From where it is now, the roadblock is at $0.185, and after that, only a small push will take PI to $0.22.

The recent gain also confirmed what CoinGape said in a previous Pi Network price analysis, where it said it will get to $0.20 very soon.

Therefore, for every coin being let go by the Pi core team, there is a buyer who is taking them. That means moving to $0.20 might just be possible for Pi Coin.