3 Signs Pointing to Mounting Selling Pressure on Pi Network in November

Trading data for Pi Network (PI) indicates a bearish outlook for November, despite the token already dropping over 90% from its peak. Three key signs point to mounting selling pressure. First, the unlocking of Pi tokens is increasing, with up to 4.85 million PI unlocked daily, and over 173 million expected in December, creating sustained downward pressure. Second, Pi held on exchanges reached an all-time high of nearly 426 million tokens by mid-November, suggesting more supply is ready for sale. Third, spot trading volume remains weak, hovering around $30 million daily, which, combined with low liquidity and increased exchange inflow, could intensify price declines. However, Pi supporters remain optimistic, arguing that the actual circulating supply is low, the Core Team is not selling aggressively, and current price action is largely controlled by market makers, suggesting potential for a future rebound.

(Source：BeInCrypto)