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Blank Pi Network Wallets Spark OutcryâWhatâs The Network Hiding?
Pi Network members are becoming increasingly agitated after they found zero balances of their tokens in their wallets. They went through KYC verifications and switched to mainnet as directed. Related Reading: Elon Musk âWill Do Anythingâ To Make XRP King, Tech Mogul Says However, numerous users find nothing in their accounts. The problem has caused a wave of complaints on the internet and a call for concrete explanations. Users Report Missing Pi Balances According to community reports, hundreds of posts show zero tokens even after following every step. Some users say they waited days. Others say theyâve waited weeks. All of them finished KYC and locked in their accounts on mainnet. Yet their wallets still read â0.00 Pi.â The lack of visible tokens has left many feeling shut out. Stop talking nonsense. I donât want to hear it. Give me back that damn $Pi. Iâve worked hard for six years. You still havenât mapped it for me until now. Whatâs your reason for constantly delaying? Mapping is the right of every pioneer. Hurry up and map it #Pinetwork Oh my god. pic.twitter.com/FBQiWAPtwF â HaiFeng Chen (@haifeng8283) June 5, 2025 Wallet Confusion Deepens Concern Based on reports, some accounts now link to more than one wallet address. That has users scratching their heads. One person found two wallets under the same profile. Another spotted three. Itâs raising questions over how safe the system is. Users are worried they might lose tokens or fall into a trap. Foundation Moves 277 Million Pi Coins Blockchain data shows that the Pi Foundationâs wallet ending in âODMâ transferred 276,500,000 Pi coins recently. A withdrawal of 7,380,000 Pi by the same address happened today. According to on-chain records, weekly withdrawals of large amounts have taken place from OKX exchange. The purpose of these moves remains unexplained by the Pi Core Team. Community Demands Clear Answers Community members note itâs been three months without a detailed update from the projectâs leaders. They want dates, explanations, and plans. Some posts urge the team to post a public timeline. Others demand live Q&A sessions. The calls are loud enough to push the topic onto the trending list on social media. Team Issues Wallet Safety Tips Pi Networkâs support channels recently posted a list of wallet safety tips. They discussed good practices for passwords and how to identify phishing. But they failed to address why tokens are concealed. The tips also failed to discuss the sudden emergence of numerous wallets per user. Related Reading: Bitcoin To Hit $180,000 In 2025? Analyst Highlights The Trigger What Happens Next Based on user feedback, the project will likely face pressure in the coming days. Some community members say they will pause mining until they see their balances. Others say theyâll shift their attention to rival projects. Nothing has been confirmed by the Pi Core Team beyond the safety note. It remains unclear when users will see their Pi tokens or receive a full breakdown of those massive transfers. The situation will be one to watch as the network works to rebuild trust. Featured image from Unsplash, chart from TradingView
Ethereum Price Performance Could Hinge On This Binance Metric â Hereâs Why
Over the past few weeks, the Ethereum price has struggled to maintain its bullish momentum from early May. The altcoin has been stuck within a consolidation range, jumping between the $2,500 and $2,700 region. While the Ethereum price sat mostly above the $2,600 level throughout the past week, a market-wide downturn saw the altcoinâs value fall toward $2,400 on Friday, June 6. While the price of ETH has not fully recovered yet, it has at least managed to reclaim the $2,500 level over this weekend. Binance Realized Price Critical For ETH In a Quicktake post on the CryptoQuant platform, an on-chain analyst with the pseudonym Crazzyblockk revealed that the Ethereum price exhibited an interesting reaction around the $2,392 price level on Friday. The crypto pundit noted that this reaction is not random, as it occurred at a significant on-chain level â the realized price of Binance user deposit addresses. Related Reading: Bitcoin Sees Largest Net Taker Volume Drop Of 2025 â Traders React To Trump-Elon Clash The relevant indicator behind this on-chain observation is the ETH Realized Price metric, which tracks the average cost basis of holders across different cohorts, including the Binance User Deposit Address, OKX User Deposit Address, Addresses Frequently Received From CEX, and Highly Active Addresses. Crazzyblockk highlighted the realized prices across these cohorts, with that of the Binance User Deposit Address standing around $2,392; OKX User Deposit Address at $2,706; Addresses Frequently Received from CEX at $2,532; and Highly Active Addresses with a realized price of $2,513. As seen during the latest dip, the $2,392 realized price represents a major on-chain support level, as it is the cost basis of several Binance user deposit addresses. âThe marketâs bounce from this level highlights the impact of Binance user behavior on ETHâs current price structure,â Crazzyblockk added. Crazzyblockk also noted that while $2,500 is an average realized price across all the highlighted cohorts, an important detail should not be overlooked â Binanceâs influence on the general market. The crypto pundit explained that Binance holds the highest ETH reserves among all centralized exchanges and has strong dominance in ETH on-chain movement. For this reason, the analyst inferred that the realized price of Binance user deposit addresses ($2,392) is a crucial level to watch in ETHâs market structure. As a result, this level should be considered whenever financial decisions on Ethereum are about to be made. Finally, most investors would be in profit if Ethereumâs price stays above $2,500, thereby relieving the market of downward pressure, as investors are less likely to sell when in profit. On the flip side, a drop below $2,500 could result in a wave of unrealized losses for the altcoinâs holders, potentially triggering a sell-off and, consequently, an increase in downward pressure. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $2,523, reflecting a 1.12% jump in the past 24 hours. Related Reading: Ethereum Stabilizes After Market Drop â Key MA Reclaim Could Trigger A June Rally Featured image from Unsplash, chart from TradingView
Blank Pi Network Wallets Spark OutcryâWhatâs The Network Hiding?
Pi Network members are becoming increasingly agitated after they found zero balances of their tokens in their wallets. They went through KYC verifications and switched to mainnet as directed. Related Reading: Elon Musk âWill Do Anythingâ To Make XRP King, Tech Mogul Says However, numerous users find nothing in their accounts. The problem has caused a wave of complaints on the internet and a call for concrete explanations. Users Report Missing Pi Balances According to community reports, hundreds of posts show zero tokens even after following every step. Some users say they waited days. Others say theyâve waited weeks. All of them finished KYC and locked in their accounts on mainnet. Yet their wallets still read â0.00 Pi.â The lack of visible tokens has left many feeling shut out. Stop talking nonsense. I donât want to hear it. Give me back that damn $Pi. Iâve worked hard for six years. You still havenât mapped it for me until now. Whatâs your reason for constantly delaying? Mapping is the right of every pioneer. Hurry up and map it #Pinetwork Oh my god. pic.twitter.com/FBQiWAPtwF â HaiFeng Chen (@haifeng8283) June 5, 2025 Wallet Confusion Deepens Concern Based on reports, some accounts now link to more than one wallet address. That has users scratching their heads. One person found two wallets under the same profile. Another spotted three. Itâs raising questions over how safe the system is. Users are worried they might lose tokens or fall into a trap. Foundation Moves 277 Million Pi Coins Blockchain data shows that the Pi Foundationâs wallet ending in âODMâ transferred 276,500,000 Pi coins recently. A withdrawal of 7,380,000 Pi by the same address happened today. According to on-chain records, weekly withdrawals of large amounts have taken place from OKX exchange. The purpose of these moves remains unexplained by the Pi Core Team. Community Demands Clear Answers Community members note itâs been three months without a detailed update from the projectâs leaders. They want dates, explanations, and plans. Some posts urge the team to post a public timeline. Others demand live Q&A sessions. The calls are loud enough to push the topic onto the trending list on social media. Team Issues Wallet Safety Tips Pi Networkâs support channels recently posted a list of wallet safety tips. They discussed good practices for passwords and how to identify phishing. But they failed to address why tokens are concealed. The tips also failed to discuss the sudden emergence of numerous wallets per user. Related Reading: Bitcoin To Hit $180,000 In 2025? Analyst Highlights The Trigger What Happens Next Based on user feedback, the project will likely face pressure in the coming days. Some community members say they will pause mining until they see their balances. Others say theyâll shift their attention to rival projects. Nothing has been confirmed by the Pi Core Team beyond the safety note. It remains unclear when users will see their Pi tokens or receive a full breakdown of those massive transfers. The situation will be one to watch as the network works to rebuild trust. Featured image from Unsplash, chart from TradingView
Ethereum Price Performance Could Hinge On This Binance Metric â Hereâs Why
Over the past few weeks, the Ethereum price has struggled to maintain its bullish momentum from early May. The altcoin has been stuck within a consolidation range, jumping between the $2,500 and $2,700 region. While the Ethereum price sat mostly above the $2,600 level throughout the past week, a market-wide downturn saw the altcoinâs value fall toward $2,400 on Friday, June 6. While the price of ETH has not fully recovered yet, it has at least managed to reclaim the $2,500 level over this weekend. Binance Realized Price Critical For ETH In a Quicktake post on the CryptoQuant platform, an on-chain analyst with the pseudonym Crazzyblockk revealed that the Ethereum price exhibited an interesting reaction around the $2,392 price level on Friday. The crypto pundit noted that this reaction is not random, as it occurred at a significant on-chain level â the realized price of Binance user deposit addresses. Related Reading: Bitcoin Sees Largest Net Taker Volume Drop Of 2025 â Traders React To Trump-Elon Clash The relevant indicator behind this on-chain observation is the ETH Realized Price metric, which tracks the average cost basis of holders across different cohorts, including the Binance User Deposit Address, OKX User Deposit Address, Addresses Frequently Received From CEX, and Highly Active Addresses. Crazzyblockk highlighted the realized prices across these cohorts, with that of the Binance User Deposit Address standing around $2,392; OKX User Deposit Address at $2,706; Addresses Frequently Received from CEX at $2,532; and Highly Active Addresses with a realized price of $2,513. As seen during the latest dip, the $2,392 realized price represents a major on-chain support level, as it is the cost basis of several Binance user deposit addresses. âThe marketâs bounce from this level highlights the impact of Binance user behavior on ETHâs current price structure,â Crazzyblockk added. Crazzyblockk also noted that while $2,500 is an average realized price across all the highlighted cohorts, an important detail should not be overlooked â Binanceâs influence on the general market. The crypto pundit explained that Binance holds the highest ETH reserves among all centralized exchanges and has strong dominance in ETH on-chain movement. For this reason, the analyst inferred that the realized price of Binance user deposit addresses ($2,392) is a crucial level to watch in ETHâs market structure. As a result, this level should be considered whenever financial decisions on Ethereum are about to be made. Finally, most investors would be in profit if Ethereumâs price stays above $2,500, thereby relieving the market of downward pressure, as investors are less likely to sell when in profit. On the flip side, a drop below $2,500 could result in a wave of unrealized losses for the altcoinâs holders, potentially triggering a sell-off and, consequently, an increase in downward pressure. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $2,523, reflecting a 1.12% jump in the past 24 hours. Related Reading: Ethereum Stabilizes After Market Drop â Key MA Reclaim Could Trigger A June Rally Featured image from Unsplash, chart from TradingView