Pi Network Records 1.2 Million Token Exodus From Exchanges In Single Day
Pi Network said 1.2 million PI tokens left centralized exchanges for self-custody wallets in 24 hours. It cited about 428 million PI still on exchanges, with Gate.io holding the most and Bitget second. PI trades near $0.20 after a $0.19 midweek low. The article also notes 165 million tokens scheduled for release in 30 days and mixed community views.
How this was made

The 30-second read
Why it matters
If the outflow trend continues, it can reduce immediate market sell pressure. However, the article’s emphasis on unclear tokenomics, limited liquidity, and slow development suggests any price support may be fragile without a concrete catalyst.
Market read
Traders may monitor whether exchange balances keep falling and whether unlocks remain manageable, but the article lacks a new fundamental or regulatory trigger.
What to watch
The article cites exchange balances and unlock amounts but does not verify whether self-custody is long-term holding versus temporary transfer, nor does it provide on-chain sell/buy confirmation or verified liquidity metrics.
Background
The piece frames Pi Network’s recent exchange-to-self-custody transfers and upcoming token unlocks as a potential driver of near-term supply dynamics.
Ticker impact
Pi Network’s token outflows from centralized exchanges to self-custody reportedly totaled over 1.2 million coins in 24 hours, with price around $0.20.
Near-term downside risk may ease if outflows persist, but broader price direction likely remains constrained by concerns over tokenomics, liquidity, and use cases.
The text provides flow and unlock figures but no new protocol, regulatory, or liquidity catalyst; sentiment is mixed between reduced selling pressure and execution criticism.
Market effects
Highlights ongoing investor focus on exchange balances, unlock schedules, and liquidity transparency for altcoins.
None specified.
None specified beyond general crypto market microstructure.
Counterpoint
Outflows to self-custody do not guarantee reduced selling; tokens can later be redeposited to exchanges or used for other liquidity needs.
Key entities
- crypto assetPi Network
Native token (PI) reportedly saw 1.2 million coins move from centralized exchanges to self-custody in 24 hours.
- exchangeGate.io
Holds the largest reported centralized exchange balance for PI in the article.
- exchangeBitget
Holds the second-largest reported centralized exchange balance for PI in the article.




