BEARISH 📉 : Pi Network moves 500M Pi coins amid price drop concerns

The Pi Network Core Team has recently initiated significant transactions involving their Pi coins. This activity occurs amidst a 25% price drop in the Pi coin since January 2026, raising concerns about potential further declines.

Key Developments

A major on-chain transaction was identified where a wallet named PI Foundation 1 transferred 500 million Pi tokens valued at over $80 million.
These funds were not moved to exchanges but instead to another internal wallet labeled PI Foundation 1, indicating internal allocation rather than market sale.
The Pi Core Team announced that 16 million Pioneers have completed Mainnet migration, and 2.5 million previously blocked users are now cleared for migration.
Over 700,000 additional users will soon be eligible for KYC verification, with a new rewards distribution system for KYC validators under testing.

Pi Coin Market Status

The Pi coin has experienced a 25% price correction in the past month, currently consolidating around $0.1590 with a market cap of $1.4 billion.
February 2026 is expected to see significant token unlocks, with more than 193 million Pi tokens (worth over $31 million) scheduled for release.
This represents the largest planned unlock until October 2027, averaging over 7 million Pi tokens ($1.1 million) entering the market daily over the next 30 days.