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It has been almost a full year since eBay opened its network and was listed on the exchanges. However, Pi coin’s price performance has disappointed many pioneers, as the coin has declined by around 94% from its all-time high. Recent activities indicate that Pay’s core team may come up with new plans to strengthen the ecosystem.
At the same time, the pressure associated with deregulation has increased significantly, raising concerns that the decline could worsen.
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The Pi core team moved over 500 million Pi as of early February
It showed the addresses of the wallets that BiScan – a Bay Network data tracking platform – had classified as belonging to the core of the Bay team. registration Many huge transactions in the first days of February. These activities happened while the price of Bay has fallen by about 25% since the beginning of the year, trading close to $ 0.16.
A major transaction involved the PI Foundation 1 portfolio Transferring 500 million piwith a value of more than $80 million. The wallet did not transfer PI to the exchanges, but rather the funds were sent to another internal wallet also called PI Foundation 1.
The move was followed by an announcement from Bay’s core team a statement In this, more than 16 million pioneers have completed their migration to the main network. The ban on some 2.5 million pioneers who were previously banned due to security checks has also been lifted, and they can now immigrate.
The team also announced that in the coming weeks, more than 700,000 pioneers will be able to apply for identity verification (KYC). Additionally, a reward distribution system for KYC investigators is currently being tested. The application is expected to start at the end of March 2026.
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Many pioneers believe what you do The chain transfers implemented by the team are preparations for future plans.
Pay Network said these updates reflect ongoing efforts to expand access to KYC and migrate to the main network, enabling wider participation in the Pay ecosystem. and announced.
On the positive side, more pioneers completing the migration to the mainnet will make the Pay ecosystem more active and increase demand. However, this may test investor confidence in the long term and encourage holders to decide to sell or continue to hold.
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More than 193 million Pi will be unlocked in February
Biscan data shows that more than 193 million bytes will be unblocked in February, worth more than $ 31 million. This is the largest amount of ransom expected for the period from now until October 2027.
Expect an average of the next 30 days to open more than 7 million payments per day, which is equivalent to about $1.1 million.
A recent report from PinCrypto stated that the trading volume of Pay across all platforms has seen a sharp decline. The daily volume continued to weaken, without any improvement, and remained below $20 million. The low volume combined with strong open pressures resulted in a negative mix that continues to impact the price.
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The beginning of February saw some signs of a return to demand. Rig balances data compiled by Biscan showed that PA reserves on rigs are starting to decline after months of high levels.
Payment balances on the platforms are currently at about 419.9 million Pai, up from 427 million Pai last month. Although the decline is still limited, this indicates that the initial consolidation has begun with prices remaining low.
The latest analysis from PinCrypto suggested the possibility of a return to positive sentiment. February was the month of the anniversary of the launch of the Pai Network on the platforms. Investors also look forward to Pi Day in March.
