这种大规模移动交流引发了新的猜测，即PI网络可能正在为看涨的逆转准备

在过去的48小时中，鲸鱼钱包从OKX等集中式交流中撤回了数千万PI硬币

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）的大规模移动销售交流引发了新的猜测，即代币可能正在为看涨的逆转做好准备，这有可能为长期以来的持续期待$ 1的分数奠定了基础。

Over the past 48 hours, whale wallets have withdrawn tens of millions of PI coins from centralized exchanges like OKX, a move analysts often interpret as a sign of accumulation rather than imminent sell-offs.

在过去的48小时中，鲸鱼钱包从OKX等集中交易所中撤回了数以千计的Pi硬币，一名移动分析师通常将其解释为积累的标志，而不是迫在眉睫的抛售。

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

一条鲸已经累积了超过4800万PI，价值3,100万美元，排出OKX储量并加剧了供应压力。

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.

一位通过Piscan监视区块链数据的加密分析师指出，“总共超过2000万PI已被取消交流”，这表明重要的投资者正在将自己定位为向上移动。

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

“这种大小的鲸鱼积累很少是偶然的。这通常表明对PI加密资产的长期价值的信心上升。”

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，尽管有鲸鱼活动，但PI网络价格仍在侧面合并$ 0.63。技术指标表明，形成了双底模式，阻力为0.645美元。超出此阈值的突破可能会将PI硬币价格推向下一个主要阻力，为0.7857美元。如果发生这种情况，势头可以将PI硬币的价值带入符号$ 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的相对强度指数（RSI）为47（不售出或过分买卖），而平均方向指数（ADX）徘徊在20时，表明低趋势强度并进一步证实了正在进行的整合。

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，专家们还警告说，要维持这种收益，该网络必须解决许多结构问题，包括其令牌和现实世界实用程序。

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网络硬币价格面临的最大挑战之一是其供应动态。预计在接下来的12个月内将有近15亿个代币解锁，这相当于今天的价格约为8300万美元。这意味着大约1.3亿个令牌可能每月淹没市场，从而引起人们对潜在价格稀释的担忧。

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.

更加复杂的问题是，大约有350亿个PI令牌留在核心团队的手中，而向早期采用者和更广泛的社区分发了650亿个。供应的集中化导致投资者的审查和谨慎的情绪增加。

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.

为了使PI网络实现其价格潜力，包括对PI硬币价值的看涨预测，分析师同意，更广泛的生态系统开发至关重要。必须在PI区块链上出现更多的分散应用程序（DAPP），而PI货币的现实用例必须成为现实。没有此事，PI加密货币值充其量可能仍然可以保持投机性。

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等主要层次交换上的列表可能是改变游戏规则的人。最近，HTX通过在社交媒体帖子中以PI徽标为特色，嘲笑了可能的列表，从而提高了期望。尽管PI目前在OKX，Gate和MEXC等平台上进行交易，但备受瞩目的清单可以显着提高PI网络市场的可见性和交易量。

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的关键时刻可能会在今年5月到来，因为该项目的创始人Nicolas Kokkalis将在多伦多的2025年共识会议上发表讲话。预计将有超过20,000名参与者，包括管理超过4万亿美元资产的机构 - 该活动可能会将PI网络引起人们的关注。

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.

尽管如此，区块链专家Altcoin博士仍警告说，要使PI利用这一机会，核心团队必须完成关键里程碑，例如知道您的业务（KYB）批准，并确保Mainnet Pi对DAPPS的支持。 KYB处理中的过去延迟已经促使一些开发人员将其项目转移到其他网络。

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

尽管诸如鲸鱼积累和积极的技术形态之类的令人鼓舞的迹象仍然存在。

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

“炒作可以开始奔跑，但只有真正的进步才能继续下去。”

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

如果没有开放的Pi Mainnet，现实世界中的采用和更强大的基础设施，许多投资者仍然谨慎。

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加密价格为0.63美元，市值超过43亿美元。价格预测模型表明，到2025年5月21日，可能会上涨至2.08美元。但是，由于恐惧和贪婪指数的低39（恐惧），很明显，投资者的情绪仍然受到限制。