3 signs that selling pressure is increasing on Pi Network in November

The Pi Network transaction data (PI) is sending negative signals about the price outlook in November. Although Pi has fallen over 90% from its all-time high, market factors may continue to push the price down even further.

So what are the warning signs, and how does the Pi community interpret them?

A large amount of Pi tokens is continuously being unlocked

According to data from Piscan, up to 4.85 million PI are unlocked daily, and in the next 30 days, this number is expected to reach 145 million Pi.

The number of Pi tokens unlocked each day | Source: PiscanNotably, December will see more than 173 million Pi unlocked — the highest monthly level until September 2027.

The continuous and increasing unlocking pressure is expected to last until the end of the year, creating a significant barrier to price recovery efforts on exchanges.

The Pi balance on the exchange increases significantly, indicating strong selling pressure.

The amount of Pi held on exchanges continues to increase in November.

Pi supply on exchanges | Source: Piscan. According to the early month report from Pi Network, there are approximately 423 million Pi on exchanges, and by mid-November, this number has risen to nearly 426 million Pi — setting an all-time high.

Pi reserves on CEX by month | Source: Data managed by BeInCryptoIncreasing Pi reserves on exchanges means that the supply available for trading or selling is becoming larger, thereby creating downward pressure on the market.

Weak trading volume reflects the stagnation of the market

The spot trading volume of Pi on centralized exchanges in November showed no significant improvement, with a 24-hour trading level hovering around 30 million USD.

According to data from CoinMarketCap, the total trading volume last month was only 1.2 billion USD. Both price and trading volume have decreased simultaneously.

Monthly Pi price and trading volume | Source: CoinmarketCap. Weak liquidity, coupled with unlocking pressure and the continuous influx of Pi into exchanges, could exacerbate the downward price trend.

The trust of the Pi community remains strong in the face of adversity.

Although all market indicators show a downtrend, the Pi community remains optimistic.

Account X named Dao World, self-identified as Pioneer, stated that although the maximum supply of Pi is very large, the actual circulating amount is only about 3 billion Pi. He also emphasized that the Pi Core Team does not sell on the market in a large scale.

Dao World believes that the current price of Pi is mainly influenced by some market makers on regulated exchanges. When the selling pressure is fully absorbed, he is confident that the price of Pi will have a strong chance of recovery.

Many other Pioneers share the same view, believing that the current price range of around 0.20 USD is an attractive buying opportunity — a choice that they believe will be referred to as a turning point in the future.

Mr. Teacher