Overview
- PI traded around $0.15 after a week of losses that erased much of its spring rebound.
- PiScan data showed 2.55 million PI left centralized exchanges in 24 hours, yet fresh mainnet migrations moved 7.65 million tokens one day and 4.36 million the next, creating more potential sell supply.
- About 195.65 million PI are set to unlock over the next 30 days, or roughly 6.52 million per day, a pace that could swamp buy orders on mid-tier venues with shallow order books.
- Technical signals remained bearish after a break below roughly $0.164, with analysts watching support near $0.13 if selling persists.
- Protocol 23 went live with a Stellar v23 backend plus native smart contracts and parallel processing, and the core team extended the node migration window to steady the transition.