Why is Pi Network not rising as strongly as other altcoins - The truth behind the stagnation

July 2025 is witnessing a strong bounce back wave in the altcoin market, with an average increase of over 20% across many digital coins. However, Pi Network (PI) seems to be sitting out of the game. While a series of altcoins are breaking through, PI is still trading around the zone price of $0.46, causing concern among many investors, but also sparking curiosity among analysts. Selling pressure from large reserves on the exchange One of the main reasons why PI cannot keep up with the market's upward momentum is that the volume of tokens being held on centralized exchanges (CEX) is increasingly large. According to the latest data, the reserve of PI has increased from 370 million to over 384 million tokens in just one week — equivalent to an increase of nearly 4%. A sudden increase in supply on exchanges can create potential selling pressure, nullifying the upward momentum, even in the context of the market being in a state of "greed" and optimism. However, the notable point is that despite being "devalued", Pi has not significantly decreased. On the contrary, the price remains stable — this leads many analysts to believe that there is a silent accumulation of buying power at the current price zone. Accumulation zone $0.40–$0.50: Preparing for a strong bounce back? Analyst Moon Jeff stated that Pi is currently in a critical accumulation zone from $0.40 to $0.50. This is considered an area where patient investors are accumulating before a potential price increase. "From this zone, I expect the price to move towards a reasonable level of $1. This is the time to buy in," Moon Jeff shared on social media. Technically, accumulation zones often appear before strong breakouts, especially when the overall market sentiment shifts from fear to greed — as is happening this month. The tug-of-war battle between short-term sellers and long-term investors may be the precursor to a significant price increase. The special community of Pi – A double-edged sword Pi Network is different from traditional crypto projects. The "Pioneers" community of Pi is mainly built through social media referrals, attracting millions of users who have never had experience in cryptocurrency investment. Therefore, while other altcoins benefit from the influx of capital from professional investors during the "altcoin season", Pi has been overlooked. The flow of funds into DeFi tokens, memecoins, and Web3 infrastructure has caused Pi to fall into a state of "hibernation". In addition, the skepticism from long-time crypto enthusiasts about Pi's complex development model and launch roadmap has also made "outsider" capital less enthusiastic about this project. There are still subtle positive signs. Although it hasn't increased significantly, some on-chain observers believe that Pi is still quietly moving in sync with the market. Analyst Dao World stated "The price of PI still tends to align with altcoin. The market maker is still adjusting the price. Be patient and wait." Upcoming scenario: Hold or sell? Currently, Pi is holding strong support at the level of $0.4452. If this zone is broken, the price may drop to $0.40. Conversely, if the accumulation force continues to be strong, it is highly likely that Pi will bounce back to the zone of $0.49 — and even aim for the mark of $1 in the near future. However, every scenario depends on three core factors: The development of token reserves on the CEX platform The accumulation rate of long-term investors The sentiment and overall trend of the altcoin market Conclusion: A gamble waiting for the right time Pi Network currently stands as a "dark horse" on the sidelines, uncertain whether it will break through or falter. For patient investors, this could be an opportunity to accumulate before the "big wave" arrives. However, for those hoping to make quick gains, staying out of the PI market at this time is also a choice worth considering.