This post was originally published on Coinspeaker
Key NotesFurther investigation shows that the Pi coin transfers happened between internal wallets labeled PI Foundation 1.This movement came after the Pi Core Team cleared more than 2.5 million previously blocked users. Pi token price will be on the radar once again, with more than 193 million token unlocks, ahead this month in February.
As per the latest on-chain data, the Pi Network Core Team has been moving their Pi coins across several large transactions spotted in early February. This news comes just when the Pi coin price is already trading under pressure, with a 25% drop since the start of 2026. The latest development has got investors on edge, with the possibility of a further correction.
Why Did Pi Network Core Team Made Massive Transfers?
According to the data from Pi Scan, a massive on-chain transaction has come under scrutiny after a wallet labeled PI Foundation 1 transferred 500 million Pi tokens, worth more than $80 million.
Interestingly, these funds didn’t move to the exchanges but instead moved to another internal wallet carrying the same PI Foundation 1 label. This hints at internal market allocation, instead of a market sale.
The transfer followed an update from the Pi
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