Pi Crypto Network Faces Renewed Sell Pressure After Core Team Moves 2 Million Tokens

[Ben Graham]

Pi Crypto slid again, drifting under $0.21 even as the wider market found its footing. The sell pressure traces back to a fresh 2 Mn PI transfer from the Core Team’s reserve wallet; it’s the kind of movement that has repeatedly knocked the token off balance in past cycles.

On-chain data shows the latest transaction mirrors a September event, when the team moved 50 Mn PI, later sending multiple tranches to OKX exchange. The receiving wallet now holds under 48 Mn PI after routing another 3Mn tokens to the exchange this week.  Here’s what you need to know:

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(Source: CoinGecko)

The latest round of Pi updates is a bit weird, and that’s putting it mildly. The Core Team again promised a phased move toward an Open Mainnet in 2026, but offered no dates, no milestones, and nothing resembling a real schedule. New app integrations and expanded KYC access were pushed across developer channels, yet the market barely reacted.

For many holders, each update feels less like progress and more like stalling.

Raspberry Pi is not just a mini-computer, it has become a fully integrated system used by Stellar to run its network nodes. And Raspberry Pi is the same device-systeme being used across banks and institutions to run the Pi blockchain infrastructure @PiCoreTeam #PiNetwork https://t.co/udYHHEGoUc pic.twitter.com/tahDo7GPFE

— WaeliaM (@WaeliaMe) December 12, 2025

Coingecko tracks Pi’s off-chain placeholder price at approximately $0.21, though actual exchange markets remain unaligned due to Pi’s ongoing “enclosed network” status.

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PI Price Outlook: Bears Tighten Their Grip

Technically, PI is breaking down. The four-hour chart shows a clear bearish continuation after losing the $0.22 support. The RSI sits at 37, MACD deep in negative territory, and price structure tilting toward a retest of the $0.1919 support.

If that level fails, PI risks revisiting the October 10 low at $0.1533, effectively resetting to an all-time low zone.

The only bullish pathway for PI Crypto comes from reclaiming the 50-day EMA near $0.2364, but a sustained reversal requires breaking the broader psychological ceiling around $2.50. Right now, that level looks distant.

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Key Takeaways

• Pi Crypto slid again, drifting under $0.21 even as the wider market found its footing. The sell pressure traces back to a fresh transfer.
• The four-hour chart shows a clear bearish continuation after losing the $0.22 dollar support.

The post Pi Crypto Network Faces Renewed Sell Pressure After Core Team Moves 2 Million Tokens appeared first on 99Bitcoins.