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Pi Network (PI) Misses the Rally: Is Further Trouble Brewing?

TL;DR Pi Network (PI) fell by 3% in the past seven days, potentially weighed down by massive token unlocks and a lack of fresh support from major exchanges. Some analysts predict a potential rebound, while others have warned that dealing with the asset could lead to painful losses. Missing the Green Wave The cryptocurrency market has been on an evident uptrend in the past week. Bitcoin (BTC) is up almost 10% for the period, currently trading at around $95,000, whereas Ethereum (ETH) saw its valuation rise by 11.5%. Very few of the top 50 digital assets remain in the red on a seven-day scale, and unfortunately for the Pi Network community, their favorite token is one of those. As of this writing, PI is worth roughly $0.61, which is a 3% weekly decline. What’s more, the current level represents an 18% drop for the last two weeks. PI Price, Source: CoinGecko It is worth mentioning that the asset started retracing in mid-April, right after the major release of almost 7 million tokens. The unlocks remained in the millions in the following weeks and are expected to speed up even further in the upcoming days. Data shows that over 230 million PI will be freed up in the next month, with April 30 being the record day when 11.3 million tokens will be released. Events like these typically lead to higher selling activity, as investors finally get the opportunity to sell coins they’ve been waiting for a long time . Although some holders may stay put, the danger of a mass exit still looms. Another factor that may have negatively impacted PI’s price is the lack of new support from leading crypto exchanges. Well-known names that have already embraced the asset include Gate.io, OKX, Bitget, and others. However, Binance and Coinbase remain uninvolved. The former issued a community vote in February to determine whether its users want to see PI available on the platform. While more than 85% clicked the “yes” option, there hasn’t been a follow-up announcement. Price Predictions Despite the retreat registered in the past weeks, certain X users continue to make optimistic predictions. MOON JEFF, who often touches upon the matter, recently forecasted that PI could rise to $1. Interestingly, at the beginning of the month, he labeled Pi Network “a slow rug,” suggesting that the token’s potential ascent to $1 is “just a dream.” Kuzo also shared their thoughts, claiming PI “doesn’t look good” based on investigations conducted over the past month. “People will lose millions or even billions of dollars. It’s worse than you could’ve imagined. If you’re still holding, think twice. I’ll drop my investigation soon , make sure you’re following,” they added. The post Pi Network (PI) Misses the Rally: Is Further Trouble Brewing? appeared first on CryptoPotato . CoinTurk News

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Monero Price Jumps Double Digits Due To Massive $330 Million Bitcoin Theft

Privacy-centric coin Monero (XMR) soared as much as 50% on Monday, and on-chain investigators have pointed to a theft event as the likely culprit. Early on Monday, on-chain sleuth ZachXBT flagged a “suspicious transfer” of 3,520 BTC (worth approximately $330.7 million) made from a potential victim’s wallet. Soon after, the loot was laundered through over six exchanges and converted to Monero to obscure the activity. ZachXBT believes this was theft due to the high fees paid and the suspicious activity after the funds had been moved. The transfer sparked an immediate 50% surge in XMR’s price due to the large-scale conversion and the platform’s limited liquidity. Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M) Theft address bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike… — ZachXBT (@zachxbt) April 28, 2025 The on-chain sleuth later noted in follow-up posts that it is “highly probable” the theft was not orchestrated by the infamous North Korean hackers, and that the victim was a longtime Bitcoin holder . While ordinary blockchains such as Bitcoin and Ethereum allow users to track all transactions on the network, Monero’s privacy-preserving nature hides wallet addresses and transactions, making it harder for law enforcement to trace and recover illicit funds. As such, it remains attractive to nefarious actors who want unlinkable and untraceable transactions. According to data from CoinGecko , XMR vaulted 50% higher in response to hit an intraday high of $347.72 — a level not seen since May 2021. At the time of publication, Monero is priced at $276.22, still up 22% over the last 24 hours. The Monero community recently celebrated the coin’s 11th anniversary. Notably, XMR has lost a lot of ground in recent years due to the increasing marginalization of privacy coins. Due to intensifying regulatory pressure, leading crypto exchanges, including Binance, Coinbase, and Kraken, have been forced to delist Monero in various jurisdictions in an effort to fight dark net markets. CoinTurk News