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PI Holds Near $0.16 as PiScan Shows Heavy Exchange Outflows on Open Network Anniversary

Traders view the shift as reduced sell-side liquidity that may reflect accumulation.

Overview

  • On-chain data from PiScan shows sizable 24-hour net outflows from centralized exchanges, with reports ranging from about 305,000 to roughly 778,000 PI.
  • Total exchange balances stand near 430.1 million PI, indicating the latest withdrawals are modest relative to overall CEX supply.
  • OKX recorded a net outflow of more than 623,000 PI, offsetting smaller inflows reported on platforms such as Bitget and Gate.io, with CoinJournal also citing MEXC.
  • PI trades around $0.16, with resistance clustered at $0.18–$0.20 and support at $0.15, where a breakdown could expose the $0.13 area.
  • The one-year Open Network milestone features Core Team updates on KYC, migrations, Ecosystem Token Design and a PRC, with Coindoo noting a Pi DEX upgrade slated for March 12 and Protocol v23 testing targeted for Q1.