{"id":28281,"date":"2025-05-23T12:16:52","date_gmt":"2025-05-23T12:16:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28281"},"modified":"2025-05-23T12:16:52","modified_gmt":"2025-05-23T12:16:52","slug":"pi-network-news-today-may-23","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28281","title":{"rendered":"Pi Network News Today: May 23"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Pi Network continues to attract widespread attention, with its native token staying in the spotlight amid a wave of bold price forecasts. In the following article, we\u2019ll take a closer look at the most recent announcements, market movements, and strategic initiatives that have kept the project in the headlines over the past few weeks.<br \/>\n<\/span><\/p>\n<h2>The Multi-Million-Dollar Initiative<\/h2>\n<p><span data-preserver-spaces=\"true\">Pi Network made the headlines on May 8 by <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/why-is-pi-networks-price-up-today\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">teasing<\/span><\/a><span data-preserver-spaces=\"true\"> its community about an upcoming announcement that <\/span><span data-preserver-spaces=\"true\">would be released<\/span><span data-preserver-spaces=\"true\"> in the following days. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The development in question was not mentioned, which allowed industry participants to speculate freely. Some of the guesses included a potential listing of PI on Binance \u2013 a move that wouldn\u2019t lack merit since the company previously <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/binance-listing-pi-token-soon-community-has-the-final-say\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">asked<\/span><\/a><span data-preserver-spaces=\"true\"> its users if they wanted to see the asset available on the platform.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On May 14, the team behind Pi Network lifted the curtain, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/pi-networks-big-announcement-revealed-hint-it-wasnt-a-binance-listing\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">disclosing<\/span><\/a><span data-preserver-spaces=\"true\"> the launch of a $100 million initiative (held in PI and USD) to invest in startups and businesses that could boost PI\u2019s progress and adoption.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">They shed further details by explaining <\/span><span data-preserver-spaces=\"true\">that Pi Network Ventures (as the initiative <\/span><span data-preserver-spaces=\"true\">is called<\/span><span data-preserver-spaces=\"true\">) was created \u201cwith the Pioneer community at its heart.\u201d They also said it would provide more utility for PI, strengthen the entire ecosystem, incentivize high-quality integrations, and put network effects in action.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If you\u2019re interested in gaining a deeper understanding of these significant points, please <\/span><span data-preserver-spaces=\"true\">take a look at<\/span><span data-preserver-spaces=\"true\"> our more comprehensive article <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/important-clarifications-for-all-pi-network-users-developers-investors-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">here<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Kraken Joins the List<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">PI began trading on February 20, and initially, the exchanges that <a href=\"https:\/\/cryptopotato.com\/massive-pi-network-pi-development-heres-where-you-can-trade-your-pi-tokens\/\" data-wpel-link=\"internal\">embraced<\/a> the asset included Bitget, OKX, and others. Most recently, Kraken also showed support, allowing perpetual futures with up to 20x leverage.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24PI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$PI<\/a> <a href=\"https:\/\/twitter.com\/PiCoreTeam?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@PiCoreTeam<\/a> perpetual futures now live with up to 20x leverage<\/p>\n<p>Why choose Kraken Pro futures:<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2611.png\" alt=\"\u2611\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> 40+ collateral options<br \/>\n<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2611.png\" alt=\"\u2611\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> 360+ markets<\/p>\n<p>Open PI perp <a href=\"https:\/\/t.co\/NHHpKobugb\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/NHHpKobugb<\/a><\/p>\n<p>*geo restrictions apply <a href=\"https:\/\/t.co\/aiJrJRbxW4\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/aiJrJRbxW4<\/a><\/p>\n<p>\u2014 Kraken Pro (@krakenpro) <a href=\"https:\/\/twitter.com\/krakenpro\/status\/1925857996510257401?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">May 23, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span data-preserver-spaces=\"true\">PI Held on Exchanges\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Earlier this week, the popular X user MOON JEFF <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/pi-network-pi-hits-a-new-ath-but-its-not-what-you-think\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">revealed<\/span><\/a><span data-preserver-spaces=\"true\"> that the number of PI tokens stored on cryptocurrency exchanges had reached <\/span><span data-preserver-spaces=\"true\">a peak level of<\/span><span data-preserver-spaces=\"true\"> almost 400 million. A significant portion of more than 117 million assets was held on OKX, while Bitget came second with <\/span><span data-preserver-spaces=\"true\">a stash of<\/span><span data-preserver-spaces=\"true\"> over 107 million.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As of this writing, though, things look much different as the total number of PI tokens on exchanges is less than 310 million. Furthermore, OKX is no longer the leader on this front, as its balance has shrunk to roughly 21.6 million.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_397704\" aria-describedby=\"caption-attachment-397704\" style=\"width: 1083px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Exchanges.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-397704\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Exchanges.png\" alt=\"PI Stored on Exchanges\" width=\"1083\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Exchanges.png 1375w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Exchanges-300x111.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Exchanges-1024x378.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Exchanges-768x284.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Exchanges-50x18.png 50w\" sizes=\"auto, (max-width: 1083px) 100vw, 1083px\"><\/a><figcaption id=\"caption-attachment-397704\" class=\"wp-caption-text\">PI Stored on Exchanges, Source: piscan.io<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Just a few days ago, some X users <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/Pi_Next_Gen\/status\/1924843025160671233\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">argued<\/span><\/a><span data-preserver-spaces=\"true\"> that <\/span><span data-preserver-spaces=\"true\">more than 86 million tokens were taken out <\/span><span data-preserver-spaces=\"true\">from the crypto platform in <\/span><span data-preserver-spaces=\"true\">a matter of<\/span><span data-preserver-spaces=\"true\"> hours.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The reduced amount of PI stored on exchanges could <\/span><span data-preserver-spaces=\"true\">be interpreted<\/span><span data-preserver-spaces=\"true\"> as a bullish signal. After all, this might suggest that investors have moved from centralized platforms toward self-custody methods, which reduces the immediate selling pressure.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Price Outlook<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">PI is currently worth around $0.78 (per CoinGecko\u2019s data), which represents a 10% weekly decline and a whopping 74% crash from the all-time high of almost $3 observed in late February.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, numerous analysts and community members remain optimistic about the asset\u2019s future price performance. The X user Whale Guru <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/Whale_Guru\/status\/1925601732589232472\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">expects<\/span><\/a><span data-preserver-spaces=\"true\"> PI \u201cto pump like crazy next week,\u201d setting $3 as a \u201cminimum\u201d target.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For their part, MOON JEFF <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CRYPTOAD00\/status\/1925807427422716122\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a><span data-preserver-spaces=\"true\"> that dumping tokens right now \u201cis not a good option.\u201d He also thinks that \u201cbuying more is the only way.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Investors contemplating whether to <\/span><span data-preserver-spaces=\"true\">hop on<\/span><span data-preserver-spaces=\"true\"> the bandwagon should <\/span><span data-preserver-spaces=\"true\">keep in mind the extreme volatility of the asset<\/span><span data-preserver-spaces=\"true\"> and the upcoming token unlocks.<\/span><span data-preserver-spaces=\"true\"> Over 280 million PI (worth around $220 million) are scheduled for release next month. May 28 will be the record day when <\/span><span data-preserver-spaces=\"true\">15.1 million tokens will be freed <\/span><span data-preserver-spaces=\"true\">up<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<figure id=\"attachment_397705\" aria-describedby=\"caption-attachment-397705\" style=\"width: 1370px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Token-Unlock.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-397705\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Token-Unlock.png\" alt=\"PI Unlocks\" width=\"1370\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Token-Unlock.png 1363w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Token-Unlock-300x88.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Token-Unlock-1024x299.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Token-Unlock-768x224.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Token-Unlock-50x15.png 50w\" sizes=\"auto, (max-width: 1370px) 100vw, 1370px\"><\/a><figcaption id=\"caption-attachment-397705\" class=\"wp-caption-text\">PI Unlocks, Source: piscan.io<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The aforementioned development could negatively affect the price since it will allow investors to sell tokens they\u2019ve been waiting for.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/pi-network-news-today-may-23\/\" rel=\"nofollow\">Pi Network News Today: May 23<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pi Network continues to attract widespread attention, with its native token staying in the spotlight amid a wave of bold price forecasts. In the following article, we\u2019ll take a closer look at the most recent announcements, market movements, and strategic initiatives that have kept the project in the headlines over the past few weeks. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28281","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28281"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28281\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}