Investors Turn Their Backs on Pi Network: 3 Signs of Increasing Withdrawal

Despite the strong growth trend of the crypto market, the performance of Pi Network remains quite lackluster. While many coins are continuously reaching new highs, Pi Coin (PI) has hit a record low earlier this month, indicating that investor confidence has significantly declined. Despite having an ambitious community model with over 60 million users, recent data shows that interest in Pi Network is gradually cooling down. This raises concerns among observers about the project's ability to sustain and develop in the long term. Pi Network: 3 Warning Signs for Investors

1. Pi Supply on the Exchange Hits Record High In the second week of August, data from PiScan recorded over 409 million Pi Coin being held on centralized exchanges – the highest level ever. A strong influx of tokens into the exchange often signals that selling pressure will soon increase, as many investors want to take advantage of liquidity or cut losses. The situation is becoming more serious as Pi Coin is still being unlocked daily. In the next 30 days, Pi Network will release an additional 166.5 million tokens, putting continued supply pressure on the market. It is not surprising that the price of Pi Coin has fallen 36.4% over the past 60 days, becoming the coin with the largest decline in the entire market.

2. The Interest from Individual Investors Falls Google Trends data recorded a significant fall in search interest for "Pi Network", far behind the keyword "Altcoin". This is a noteworthy reversal, especially when Pi Network previously dominated the search rankings and had an absolute advantage in online presence.

3. Pi Network Goes Against Market Trends The initial excitement surrounding the mobile mining model and the expected launch of Pi Network's open network seems to have faded. As the altcoin season approaches, other alternative coins are attracting more attention, causing Pi to gradually lose its advantage in the race for community interest. Data from DeFiLlama shows that while Bitcoin, Ethereum, and Solana maintain a high positive correlation – rising in price when market sentiment is positive – Pi Network exhibits a negative correlation. In other words, the price of Pi Coin is moving against the overall upward trend, clearly reflecting a phase shift compared to the widespread optimistic sentiment in the market.

Adding to the tension are the debates surrounding the Global Consensus Value (GCV) of Pi Coin. A well-known pioneer under the pseudonym Mr. Spock argues that the valuation of this community has created unrealistic expectations. According to him, many holders possess only a few coins of Pi but believe they are "rich", thus unwilling to buy more even when the price is just 0.4 USD. They even assert that the tokens on exchanges are not "real Pi", despite the network having entered the open phase and completed identity verification (KYB). The combination of factors – from increased selling pressure, declining interest, price movements contrary to the market, to internal disputes – paints a rather bleak picture for Pi Network. Without strong measures to restore investor confidence, Pi's journey ahead will be quite challenging.