Pi Network Sees Massive Surge as Over 12 Million PI Transferred to Self-Custody Wallets

While the cryptocurrency market experiences a boom, with Bitcoin hitting a new all-time high of nearly $126,000, Pi Network’s native token (PI) has struggled to capitalize on this green wave. However, a significant shift in sentiment suggests a potential turnaround for the beleaguered project. 12 million PI were transferred from exchanges to self-custody wallets within the last 24 hours alone, indicating increased confidence and reduced selling pressure. This move is further supported by the Relative Strength Index (RSI), which dropped below 30. This technical indicator signals potential trend reversals and could point towards a resurgence for the asset.