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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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Incoming XRP price crash alert

Summary ⚈ A large XRP transfer to Coinbase by an unidentified whale suggests a potential sell-off, raising concerns about downward price pressure. ⚈ XRP’s price has risen amid anticipation of ProShares launching three XRP futures ETFs on April 30, following SEC approval. ⚈ XRP is trading at $2.30, with key support at $2.20 and resistance at $2.50, indicating potential for significant price movement in either direction. XRP’s recent short-term gains may be short-lived, as on-chain data suggests whale activity could signal an impending sell-off. Specifically, on April 28, a massive transfer of 29,532,534 XRP, worth approximately $68.7 million, was moved from an unknown wallet to crypto exchange Coinbase , according to Whale Alert data . XRP whale transaction. Source: Whale Alert Large transfers of XRP to exchanges are often considered precursors to sell-offs, which can exert downward pressure on prices. Typically, such movements indicate that the holder may be preparing to sell. The mechanics are simple: If the XRP is sold on Coinbase, the sudden increase in supply could depress prices, especially in a thin market with limited buying interest. This could trigger a cascading effect, where stop-loss orders are activated, and panic selling accelerates the decline. Additionally, such moves often spark fear and uncertainty among retail investors. Mixed sentiment around XRP whale transaction Regarding this particular transfer, crypto insights platform Alva noted that it could precede a “quick dump,” potentially triggering a sharp price drop. However, in an X post on April 28, Alva also pointed out that sentiment among traders remains mixed. While some fear a sell-off, others are optimistic about the broader market backdrop, including growing speculation around a potential XRP ETF. Big size to Coinbase always gets traders talking—right now, the transfer has the community split. Some see a setup for a quick dump as XRP whales move to exchanges, while others are betting ETF hype and legal wins will keep the bid strong. Watch for volatility and fast reactions… — Alva (@AlvaApp) April 28, 2025 In this context, XRP is witnessing increased interest ahead of the ProShares launch of three XRP futures ETFs on April 30. One product seeks to profit from price declines, another aims to target 2x daily gains, and a third aims to achieve 2x inverse daily performance. At the same time, there is growing hype around the possible approval of a spot ETF by the Securities and Exchange Commission (SEC) in the United States, especially as other regions, such as Brazil, have unveiled the world’s first similar product. XRP price analysis By press time, XRP was trading at $2.32, rising over 6% for the day. Similar gains are also visible on the weekly chart, where the token is up almost 10% amid sustained capital inflows. XRP seven-day price chart. Source: Finbold Following the large whale transaction, XRP remains vulnerable. Immediate support lies at $2.20, and a breakdown below this level could accelerate losses toward the key psychological barrier of $2. Conversely, a decisive move above $2.50 suggests bullish sentiment overpowering selling pressure. Featured image from Shutterstock The post Incoming XRP price crash alert appeared first on Finbold . CoinTurk News