The PI network has just caught a short-term bounce, but the true story may be what happens after the taper unlock.
After weeks of sliding, the PI network (PI) native currency increased by 5.5% in the past 24 hours to around $ 0.61, which has changed most of the high-market-cap cryptocurrencies such as Bitcoin (BTC), Ether (Ether), and Solana (Sol) in the same stretch.
However, this 5% increase was mocked by the Virtuals Protocol (virtual) ongoing bullish momentum, which pushed the coin near $ 1.80, an increase of more than 34% in the last 24 hours. As the cryptomode reported, the price of virtual arrived after Binance.US opened the trade for the popular AI agent token, which drives market capitalization of near $ 1 billion. When projects are added to an exchange such as Binance, especially popular ones, they often explode in price shortly after.
However, this does not seem to be the case with the PI Network, which, despite the voting of the Binance Community “Yes” by adding a PI coin to its ecosystem, the exchange has remained silent.
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The PI network opens slowing down
On the surface, it looks like a typical move of low-cap reflex for PI. But for a token weighed by the relentless supply unlocked, even a moderate pump triggered the speculation.
The chatter is quite unpredictable. Some users are Calling The $ 0.50- $ 0.70 is covered by a good accumulation zone, announcing “time for a pump,” throwing a $ 5 target with zero resistance from standard hype accounts.
Another, Moon Jeff, noted that “someone is buying a lot,” citing the chart but not offering evidence.
Hahaha looks $ Pi will go to $ 5 today.
The chart is bullish.
Some are buying hard.
And backward from the exchanges.
Send it to 5#Pinetwork pic.twitter.com/uyfzl2vs1h– Moon Jeff 🪐 (@cryptoad00) April 30, 2025
Meanwhile, PI News suggested that Pi could “exceed your imagination at any time,” citing the 2,000% Alpaca spikes, if this type of transition had to do with it. Moreover, Alpaca is listed in Binance, not PI.
Under noise is a more grounded catalyst: unlocks are slow, According to For Piscan. April 30 has seen more than 11 million PI tokens that struck circulation – a wave of liquidity that was likely to contribute to suppressing price action in late April. The last day with unlocks above 10 million is May 8. After that, the discharge schedules begin to decrease, and by the end of the month, the sun -release is expected to fall under 6 million.
The effect of cooling is important. With a current supply of close to 7 billion, and more than 70% are still locked in mining rewards, even minor unlocking speed changes can change the emotion-especially a project that still recovers from post-hiring fatigue.
If there is a window for the PI network to move clean, it will open now. But if this is a breakout or another stall it depends on whether “a person” buying hardship is retail fantasy or actual capital.
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