這種大規模移動交流引發了新的猜測，即PI網絡可能正在為看漲的逆轉準備

在過去的48小時中，鯨魚錢包從OKX等集中式交流中撤回了數千萬PI硬幣

A large-scale movement of the Pi Network (PI) coins off exchanges has sparked fresh speculation that the token could be gearing up for a bullish reversal, potentially setting the stage for a long-anticipated breakout toward the $1 mark.

PI Network（PI）的大規模移動銷售交流引發了新的猜測，即代幣可能正在為看漲的逆轉做好準備，這有可能為長期以來的持續期待$ 1的分數奠定了基礎。

Over the past 48 hours, whale wallets have withdrawn tens of millions of PI coins from centralized exchanges like OKX, a move analysts often interpret as a sign of accumulation rather than imminent sell-offs.

在過去的48小時中，鯨魚錢包從OKX等集中交易所中撤回了數以千計的Pi硬幣，一名移動分析師通常將其解釋為積累的標誌，而不是迫在眉睫的拋售。

A single whale has accumulated over 48 million PI, worth $31 million, draining OKX reserves and intensifying the supply squeeze.

一條鯨已經累積了超過4800萬PI，價值3,100萬美元，排出OKX儲量並加劇了供應壓力。

One crypto analyst monitoring blockchain data via PiScan noted that “a total of more than 20 million PI have been taken off exchanges,” suggesting that significant investors are positioning themselves for an upward move.

一位通過Piscan監視區塊鏈數據的加密分析師指出，“總共超過2000萬PI已被取消交流”，這表明重要的投資者正在將自己定位為向上移動。

“Whale accumulation of this magnitude is rarely coincidental. It often indicates rising confidence in the long-term value of the Pi crypto asset.”

“這種大小的鯨魚積累很少是偶然的。這通常表明對PI加密資產的長期價值的信心上升。”

But despite the whale activity, the Pi Network price has been consolidating sideways around $0.63. Technical indicators suggest the formation of a double-bottom pattern with resistance building at the $0.645 level. A breakout above this threshold could push the PI Coin price toward the next major resistance at $0.7857. Should that happen, momentum could carry Pi Coin value toward the symbolic $1 level.

但是，儘管有鯨魚活動，但PI網絡價格仍在側面合併$ 0.63。技術指標表明，形成了雙底模式，阻力為0.645美元。超出此閾值的突破可能會將PI硬幣價格推向下一個主要阻力，為0.7857美元。如果發生這種情況，勢頭可以將PI硬幣的價值帶入符號$ 1的水平。

The Relative Strength Index (RSI) for PI/USDT stands at 47—neither oversold nor overbought—while the Average Directional Index (ADX) is hovering at 20, indicating a low-trend strength and further confirming the ongoing consolidation.

PI/USDT的相對強度指數（RSI）為47（不售出或過分買賣），而平均方向指數（ADX）徘徊在20時，表明低趨勢強度並進一步證實了正在進行的整合。

However, experts also caution that for the PI Coin market to sustain such gains, the network must address a number of structural concerns, including its tokenomics and real-world utility.

但是，專家們還警告說，要維持這種收益，該網絡必須解決許多結構問題，包括其令牌和現實世界實用程序。

One of the biggest challenges facing the Pi Network Coin price is its supply dynamics. Nearly 1.5 billion tokens are expected to unlock over the next 12 months, which equates to approximately $83 million at today’s prices. This means around 130 million tokens may flood the market monthly, raising concerns about potential price dilution.

PI網絡硬幣價格面臨的最大挑戰之一是其供應動態。預計在接下來的12個月內將有近15億個代幣解鎖，這相當於今天的價格約為8300萬美元。這意味著大約1.3億個令牌可能每月淹沒市場，從而引起人們對潛在價格稀釋的擔憂。

Compounding this issue is the fact that roughly 35 billion PI tokens remain in the hands of the core team, compared to 65 billion distributed to early adopters and the wider community. This centralization of supply has led to increased scrutiny and cautious sentiment among investors.

更加複雜的問題是，大約有350億個PI令牌留在核心團隊的手中，而向早期採用者和更廣泛的社區分發了650億個。供應的集中化導致投資者的審查和謹慎的情緒增加。

For Pi Network to realize its price potential, including bullish predictions for the PI Coin value, analysts agree that broader ecosystem development is essential. More decentralized applications (dApps) must emerge on the Pi blockchain, and real-world use cases for the Pi currency must become a reality. Without this, the Pi cryptocurrency value may remain speculative at best.

為了使PI網絡實現其價格潛力，包括對PI硬幣價值的看漲預測，分析師同意，更廣泛的生態系統開發至關重要。必須在PI區塊鏈上出現更多的分散應用程序（DAPP），而PI貨幣的現實用例必須成為現實。沒有此事，PI加密貨幣值充其量可能仍然可以保持投機性。

The listing of Pi on major tier-1 exchanges such as Binance or Coinbase could be a game-changer. Recently, HTX teased a possible listing by featuring the Pi logo in a social media post, leading to heightened expectations. While PI currently trades on platforms like OKX, Gate, and MEXC, a high-profile listing could significantly boost visibility and trading volume in the Pi Network market.

PI在Benance或Coinbase等主要層次交換上的列表可能是改變遊戲規則的人。最近，HTX通過在社交媒體帖子中以PI徽標為特色，嘲笑了可能的列表，從而提高了期望。儘管PI目前在OKX，Gate和MEXC等平台上進行交易，但備受矚目的清單可以顯著提高PI網絡市場的可見性和交易量。

A pivotal moment for Pi may arrive this May as Nicolas Kokkalis, the project’s founder, is set to speak at the Consensus 2025 conference in Toronto. With more than 20,000 attendees expected, including institutions managing over $4 trillion in assets—the event could place Pi Network in the spotlight.

PI的關鍵時刻可能會在今年5月到來，因為該項目的創始人Nicolas Kokkalis將在多倫多的2025年共識會議上發表講話。預計將有超過20,000名參與者，包括管理超過4萬億美元資產的機構 - 該活動可能會將PI網絡引起人們的關注。

Still, blockchain expert Dr. Altcoin has warned that for Pi to capitalize on this opportunity, the core team must complete key milestones such as Know Your Business (KYB) clearances and ensure mainnet Pi support for dApps. Past delays in KYB processing have already prompted some developers to shift their projects to other networks.

儘管如此，區塊鏈專家Altcoin博士仍警告說，要使PI利用這一機會，核心團隊必須完成關鍵里程碑，例如知道您的業務（KYB）批准，並確保Mainnet Pi對DAPPS的支持。 KYB處理中的過去延遲已經促使一些開發人員將其項目轉移到其他網絡。

Despite encouraging signs like whale accumulation and positive technical formations, skepticism persists.

儘管諸如鯨魚積累和積極的技術形態之類的令人鼓舞的跡象仍然存在。

“Hype can start a run, but only true progress keeps it going.”

“炒作可以開始奔跑，但只有真正的進步才能繼續下去。”

Without an open Pi mainnet, real-world adoption, and more robust infrastructure, many investors remain cautious.

如果沒有開放的Pi Mainnet，現實世界中的採用和更強大的基礎設施，許多投資者仍然謹慎。

Currently, the Pi crypto price sits at $0.63 with a market capitalization of over $4.3 billion. Price prediction models suggest a potential rise to $2.08 by May 21, 2025. However, with the Fear & Greed Index registering a low 39 (Fear), it’s clear that investor sentiment is still restrained.

目前，PI加密價格為0.63美元，市值超過43億美元。價格預測模型表明，到2025年5月21日，可能會上漲至2.08美元。但是，由於恐懼和貪婪指數的低39（恐懼），很明顯，投資者的情緒仍然受到限制。