Pi Network Turns Heads With Symbolic Transfers, $20M Volume Spike

[Ben Graham]

The Pi Network coin dipped to $0.46 today, slipping 6% in the past 24 hours. Yet trading volume jumped to $20 million, up 80% over the same period. That mix of a price drop and a big volume rise often points to traders testing the waters rather than rushing in or out.

Pi Network Volume Spike Signals Fresh Interest

According to on-chain data, weekly gains of 1.1% suggest renewed curiosity around the Pi Network token. Its recent push past $0.48 may have drawn eyes back to the network. A big swell in transfers shows people shifting coins more than usual, even if the price isn’t following the same upward path.

In the past few days, two separate moves of exactly 3.14 Pi have caught attention. Those small transfers tie back to the project’s namesake, the number π.

Based on reports, these sent-outs came from a single wallet—labeled GASWBD…—which also withdrew over 10 million Pi in just six days. That same address links to about 320 million Pi in earlier activity, leading many to wonder if a big miner, an institutional backer, or someone from the Pi team is behind it.

3.14 Pi Withdrawn — Twice in One Day: A Signal Echoing Across the Pi Network The Numbers Are Speaking. Are You Listening?

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In a moment that sent chills through the Pi Network community, a mysterious wallet — GASWBD…J2AODM — made not one, but two withdrawals of… pic.twitter.com/eoLnHeJi0k

— Mr Spock 𝛑 (@MrSpockApe) July 10, 2025

Symbolic Transactions Stir Speculation

The timing of these 3.14 moves matters. They arrived just as the price flirted with the psychological $0.48 mark. Some community members see the transfers as a rallying call, a nod back to Pi’s roots.

Traders, though, tend to watch those numbers for clues of real buying or selling pressure. So far, the pattern looks more like a planned message than a panic sell‑off.

Talk of a mainnet rollout or fresh exchange pairings has spread across forums. People point to the organized nature of the withdrawals as proof that bigger plans are underway.

They hint that big news might be on the way—maybe new partners or additions that bring Pi out of its test network and into mainline usability.

Forecast: Caution Ahead

According to current forecasts, the value of Pi could decrease to $ 0.35 by August 11, 2025, a decline of 25%. Technical indicators are showing Bearish, and the Fear & Greed Index for the market is at 79 (Extreme Greed).

Pi experienced 11 green days in the past 30 (37%) and recorded 9% price fluctuation over that time. That breakdown between high excitement and bearish direction is a picture of conflicting indicators for anyone considering getting on board now.

So far, Pi Network is a project generating hope and skepticism. The $208 million volume increase indicates that people are indeed taking notice. But the prediction and on-chain activity suggest caution may be advisable until stronger milestones emerge.

Featured image from Jeffrey Coolidge/Getty Images, chart from TradingView