24/7 Cryptocurrency News

Pi Coin Exchange Deposits Surge Ahead of Pi Day 2, What’s Next?

Pi Coin has seen a 12% price decline over the past week, driven by a surge in Pi Network exchange deposits, reaching 347.6 million tokens.
Published by
Pi Coin Exchange Deposits Surge Ahead of Pi Day 2, What’s Next?

Highlights

  • Pi Coin investor confidence drops ahead of the Pi Day 2 event on June 28.
  • Community members have urged the Pi Core team to provide credible updates, emphasizing areas like KYC-verified user stats.
  • The lack of substantial updates has fueled doubts and reduced optimism among network participants.

Pi Coin, the native cryptocurrency of the Pi Network, is facing significant selling pressure as exchange deposits rise ahead of the upcoming Pi Day 2 on June 28. This trend reflects declining confidence among network participants, with many expressing low expectations from the Pi Core team for the announcement. Over the past week, the Pi token price has dropped 12%, influenced by broader market volatility.

Advertisement

Pi Coin Supply on Exchanges Hits 347.6 Million

The circulating supply of Pi tokens on the crypto exchange has been on the rise, reaching the highs of 346.7 million. This trend has shown no signs of slowing, as the number of Pi Coins on exchanges has been increasing daily.

Source: Moon Jeff

The deposit of Pi tokens on the exchanges hints are reducing confidence among investors ahead of the June 28 deadline for Pi Day 2. As of now, the Pi Coin price is trading 3.08% down at $0.55 with its daily trading volume surging 9% to more than $96 million. This shows that the selling pressure for the altcoin is high at this stage.

Advertisement

What to Expect from Pi Network Team At Pi Day 2?

The Pi Network community is awaiting some key announcements from the Pi Core team, along with mainnet launch. However, the users have faced disappointment with past delays and some empty promises.

Mr Spock, a popular name in the Pi community, said: “We don’t need wild promises. We don’t need hype. No moon talk. Just clarity and credibility”. He added that the Pi core team should take key measures. In a recent statement, Mr. Spock highlighted five key areas where updates could significantly impact community trust and engagement:

  • Verified user statistics through KYC completion.
  • Latest figures on app downloads and user adoption.
  • Concrete announcements of real-world partnerships.
  • Insights into ecosystem growth and usage metrics.
  • Full transparency on circulating supply dynamics.

Another community member, Dr Altcoin, asked his followers on the X platform. Most users said that they have “no expectations”. One user Lil’ Sniffy, said that the core team might create some hype to sell their Pi tokens.

Dr. Altcoin said that if the Pi Core team doesn’t come up with any major announcements, we might see the Pi Network price crash to the April lows of $0.40 once again.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Breaking: U.S. Government Shuts Down After Congress Fails to Pass Funding Bill

The U.S government has entered its first shutdown in years after lawmakers failed to reach…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: BNB Chain Account Hacked With Founder CZ Shown Promoting Meme Coin

The official X account BNB Chain has been compromised, with recent posts promoting a meme…

October 1, 2025
  • 24/7 Cryptocurrency News

Trump’s Thumzup Media Boost Dogecoin Mining Fleet, Pumps $2.5M Into DogeHash

Trump-backed Thumzup Media has invested $2.5 million in DogeHash Technologies. This is in a bid…

October 1, 2025
  • 24/7 Cryptocurrency News

BREAKING: 21Shares SUI and Polkadot ETFs Gain DTCC Listing

21Shares SUI and Polkadot ETFs were listed on the DTCC website. The listing indicates progress…

October 1, 2025
  • 24/7 Cryptocurrency News

SEC Issues Guidance Enabling Ripple, Coinbase, BitGo to Qualify as Custodians

The U.S. Securities and Exchange Commission (SEC) has issued a new guidance. This allows investment…

October 1, 2025
  • 24/7 Cryptocurrency News

Fed’s Goolsbee Cites Inflation Worries in Case Against Further Rate Cuts

Federal Reserve Bank of Chicago President Austan Goolsbee has warned that inflation risks could outweigh…

October 1, 2025