Pi Network (PI) is showing signs of weakness amid a broader crypto rally, slipping 10% in the past 24 hours to trade at $0.7485. After breaking key trend line support, the project now faces speculation about insider selling that could stall its momentum during the current bull run.
A vocal supporter of the network, known as Dr Altcoin on X, shared troubling on-chain data linked to a wallet reportedly connected to the Pi Core Team. The wallet, created four years ago and associated with more than 22,000 related addresses, recently transferred 1.4 million PI (worth about $1.1 million) to Gate.io.
While some speculate that the move is part of a capital raise for Pi Network Ventures, others fear it’s a sign of insider profit-taking that could undermine investor confidence. The sell-off follows a brief recovery, heightening concerns that Pi may miss out on the broader market surge.
Pi Price Forecast: More Downside Likely with $0.70 Support in Sight
From a technical perspective, Pi’s short-term outlook has turned bearish. The recent price action broke above-average volume resistance at $0.87–$0.85 but quickly reversed. Heavy selling has pushed PI below its previous higher-low support, which has now flipped to resistance.
A bearish crossover between the 9-hour and 21-hour exponential moving averages confirms short-term selling pressure. The next significant support level lies between $0.73 and $0.70, marking a likely destination for price in the near term.
If insider selling persists, Pi could struggle to reclaim its bullish momentum—especially with newer tokens like SUBBD (SUBBD) emerging as strong contenders in the presale market.
SUBBD (SUBBD): The Rising Star in Content and Creator Ecosystems
SUBBD is gaining traction as a decentralized content distribution platform aimed at giving influencers more autonomy and revenue control. The platform allows creators to vote on governance matters via the $SUBBD token while giving fans special perks like discounts and premium content.
With over 2,500 creators already onboard—bringing a combined audience of more than 250 million—SUBBD is positioning itself as a major player in the creator economy.
Early-stage investors can join the SUBBD presale through the official website by connecting their Best Wallet or using ETH, USDT, or bank cards to make purchases at discounted rates.
