Pi Network (PI) Price Rises 1.0% as 2 Million Tokens Move Off Exchanges

A large transaction involving 2 million PI tokens recently took place on the Pi Network network. These tokens were taken from liquidity reserves and

A large transaction of 2 million PI tokens took place on the Pi Network. The tokens were moved from a liquidity reserve to a new wallet, sparking speculation among members of the crypto community.

Then, how will the Pi Network price move today?

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Pi Network (PI) price rises 1.0% within 24 hours

On June 11, 2025, at 06:49 (GMT+8), the price of Pi Network (PI) was observed at $0.641, reflecting a 1.0% increase over the past 24 hours.

If converted to the current rupiah exchange rate ($1 = IDR 16,271), then 1 Pi Network is valued at approximately IDR 10,429.

In the past 24 hours, PI moved within a price range of $0.6338 to $0.647, indicating relatively stable movement with mild fluctuations.

This token is available for purchase on several cryptocurrency exchanges, such as Bybit, AsCex, and Bittrex.

The market capitalization of Pi is currently estimated to be around $4.75 billion, while its fully diluted valuation stands at $7.3 billion.

Trading activity is also quite active, with 24-hour transaction volume reaching $82.84 million.

2 Million PI Tokens Transferred

Moon Jeff, a popular crypto commentator on the X (formerly Twitter) platform, shared information about this big move.

He believes that the transaction was an OTC (Over-the-Counter) purchase, which is a private purchase of tokens and not through a public exchange.

$PI liquidity is moving. 2 Million $PI has moved from a liquidity wallet to a new wallet. This is probably an OTC buy.

Bullish for Pi. Accumulation continues. #PiNetwork pic.twitter.com/LLpDIsrFnU

This type of transaction indicates that someone is likely buying the tokens privately, rather than on the open market.

Usually, such a move is considered a positive (bullish) signal, as it shows that large investors are still interested in accumulating PI tokens even at a higher price.

At the time of writing this article, the Pi Coin (PI) price is still down about 40% in the past month and 1.6% in the past week.

Although the price movement is not very significant, this token transfer seems to add to the positive sentiment.

Nevertheless, PI is still close to its all-time low and quite far from its highest price, which was around $3 in early 2022.

Many are still waiting for a strong recovery from PI, especially as it is still the most popular coin among retail investors.

However, analysts themselves do not seem to be in agreement. Jeff recently stated, “Return $PI to $1.2,” referring to the figure as a key resistance level.

Send $PI back to $1.2. This is the only way to bring momentum back. #PiNetwork pic.twitter.com/00Ynzr1dN8

He believes that if PI manages to break that level, it could start a recovery rally and potentially reach $2 in the future.

But if sellers return and push the price below $1, then the downtrend might continue with the next crucial support level being around $0.5.

Investor Confidence in Pi Network is Still Low

However, some commentators took Moon Jeff’s optimism in a sarcastic tone, suggesting that a PI recovery in the near future seems unrealistic.

Many feel that investor confidence is still low, and Pi’s core team needs to do more to restore that confidence.

The Pi community is currently looking forward to June 28, known as “Pi Day 2”. This is a key moment where the Pi team usually announces project milestones and updates.

Many users are hoping that there will be major announcements, such as the long-awaited possibility of listing on Binance.

Meanwhile, one analyst named Dr. Altcoin criticized the Pi team for not providing enough value or clear updates to the community.

The Pi Core Team must deliver something significant by the next Pi Day, June 28th!

If not, they risk losing even more Pioneers. The recent lack of any meaningful change to the mining rate is a clear sign of the ongoing disappointment. @PiCoreTeam @nkokkalis @Chengdiao

He believes that the team should take more decisive steps to support the project and attract long-term investors.

Complaints from users also continue to emerge. Some Pi “Pioneers” who have completed KYC verification report that they have not received their tokens.

In short, while