Pi Network Crumbles: Bearish Signals Hit Hard in November ๐Ÿ˜ฑ

Trading data for Pi Network (PI) whispers a melancholic tale for its price in November. Though Pi has already plummeted more than 90% from its summit, the marketโ€™s cruel winds may yet blow it lower. ๐Ÿ‚

What are these ominous signs, and how do Piโ€™s faithful defenders spin their narrative? ๐Ÿค”

A Flood of Pi Tokens Unleashed ๐Ÿ“ˆ

First, Piscan data reveals that the daily Pi unlock has surged to 4.85 million PI, with a staggering 145 million Pi set to be unleashed in the next 30 days. ๐ŸŒŠ

December promises even more, with over 173 million Pi set to be unlocked – the highest monthly volume until September 2027. ๐Ÿ“…

This unrelenting flood of Pi tokens threatens to drown any hope of price recovery on exchanges. ๐Ÿ’€

Exchange Reserves Swell: Selling Pressure Mounts ๐Ÿ’ผ

Pi balances on exchanges continue to grow in November, signaling relentless selling pressure. ๐Ÿ“Š

Early-month reports noted about 423 million Pi on exchanges. By mid-November, this figure had climbed to nearly 426 million Pi, setting an all-time high. ๐Ÿ”๏ธ

Such swelling reserves suggest exchanges are brimming with Pi tokens, poised for trading or sale, casting a long shadow over prices. ๐ŸŒ‘

Feeble Trading Volume Reflects Market Fatigue ๐Ÿฅฑ

Spot trading volume for Pi on centralized exchanges remains tepid in November, hovering around a mere $30 million daily.

CoinMarketCap data shows Piโ€™s monthly trading volume slumped to just $1.2 billion last month. Both price and trading volume have spiraled downward in tandem. ๐Ÿ“‰

Low liquidity, combined with the ceaseless unlocking and influx of Pi to exchanges, could fuel the downward spiral further. ๐ŸŒ€

Piโ€™s Faithful Stand Firm Amidst the Storm ๐ŸŒช๏ธ

Despite these bearish omens, Piโ€™s loyalists cling to their optimism. ๐Ÿ™

An X account named Dao World, self-styled as a Pioneer, argued that while Pi boasts a vast maximum supply, the actual circulating amount is a modest 3 billion. The Pi Core Team, he noted, has not been aggressively selling. ๐Ÿ›ก๏ธ

He suggested that a handful of market makers (MM) on select exchanges primarily dictate Piโ€™s current price. Once the selling pressure subsides, he predicts a rebound. ๐Ÿš€

Even though $Pi has a large max supply, considering that the CT has not been aggressively selling tokens and the actual circulating supply is only a little over 3B, and price action is largely managed by MM on a few exchanges – am I the only one who thinks that when itโ€™s time forโ€ฆ

– Dao world (@Koreanteacher1) November 11, 2025

Several other Pioneers echo this sentiment, claiming the current $0.20 range is a golden buying opportunity – one theyโ€™ll reminisce about fondly in years to come. ๐ŸŒŸ

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2025-11-12 11:02