Pi Network · PI
PI +2.9% to $0.0792 in 2h, moving with BTC/ETH rally on normal volume
PI rose 2.88% from $0.0778 to $0.0792 over the window, bottoming at $0.0775 at 14:00 UTC before climbing steadily. In the same window BTC rose 2.49% and ETH 4.39%, so this looks like a market-wide move rather than anything specific to PI. Volume on OKX was normal (1.0× a typical hour), funding was neutral, and liquidations were tiny, so there was no sign of leverage or heavy flow driving it.
What happened
- PI went from $0.077807 at 13:00 to $0.07916 at 15:00 UTC, up 2.88%. The low was $0.077461 at 14:00, and most of the gain came in the second hour. At 17:21 UTC, after the window, PI was at $0.080051. E1
- CoinGraph fired two medium up-move signals: at 14:57 (1h return +2.135%, z-score 3.53) and at 15:01 (1h return +2.356%, z-score 3.82). E9
- PI/USDT on OKX traded $67.7K in the last hour against a typical hour of $65K (1.04×), and about $238K across the window. The busiest minute was 14:49 with $16.4K (+0.114%). E2
- Longer-term moves are small: +0.75% over 24h and +0.92% over 7d. 24h volume is $6.2M on a $900M market cap (rank #82). E1
Likely causes
- 1.PI was carried up by a broad crypto rally: BTC rose 2.49% and ETH 4.39% in the same window, and PI's +2.88% falls between the two. (60%) E6E1
- 2.Leverage did not drive the move. Funding was a neutral 0.005% per 8h, and only $581 of shorts and no longs were liquidated. (70%) E3E4
- 3.The evidence shows no PI-specific catalyst such as news, unusual volume or onchain flows. (50%) E2E8
Onchain
- No PI-specific onchain data was available. The only chain data is Ethereum gas (base fee 0.27 gwei vs a 0.23 gwei 24h average, blocks 49% full), and it has no direct bearing on PI. E5
Market context
What to watch
- Whether PI holds above $0.079 (window high $0.07916; last seen at $0.080051) if BTC and ETH give back their gains
- OKX PI/USDT hourly volume rising clearly above about $65K, which would point to PI-specific demand
- Funding moving well above 0.01% per 8h, or a pickup in liquidations
Caveats
- Volume and funding come only from OKX. Other venues were not covered.
- There is no PI onchain or news data, so a PI-specific cause cannot be ruled out, but none is evidenced.
- The E1 summary rounds prices to $0.1. Use the raw values (about $0.0775–$0.0792).
- The evidence was gathered about 2h20m after the window ended, and the current price reflects moves after the window.
Evidence (9 items)
- E1pricecoingecko:/coins/markets
PI $0.1 now; +2.88% over the window (high $0.1, low $0.1); 1h +1.15%, 24h +0.75%, 7d +0.92%; rank #82, market cap $900M, 24h volume $6.2M
data
{ "ath": 2.99, "low": 0.077461, "high": 0.07916, "rank": 82, "as_of": "2026-10-15T17:21:00.000Z", "price": 0.080051, "path_15m": [ { "t": "2026-10-15T13:00:00.000Z", "price": 0.077807 }, { "t": "2026-10-15T13:15:00.000Z", "price": 0.077912 }, { "t": "2026-10-15T13:30:00.000Z", "price": 0.077803 }, { "t": "2026-10-15T13:45:00.000Z", "price": 0.078009 }, { "t": "2026-10-15T14:00:00.000Z", "price": 0.077461 }, { "t": "2026-10-15T14:15:00.000Z", "price": 0.078331 }, { "t": "2026-10-15T14:30:00.000Z", "price": 0.078248 }, { "t": "2026-10-15T14:45:00.000Z", "price": 0.078771 }, { "t": "2026-10-15T15:00:00.000Z", "price": 0.07916 } ], "market_cap": 900022108, "volume_24h": 6224421, "change_1h_pct": 1.14729034785136, "change_7d_pct": 0.92285581008333, "change_24h_pct": 0.75335, "window_return_pct": 2.88 } - E2spot_volumeokx:klines:1m
okx PI/USDT: $67.7K traded in the last hour vs a typical hour of $65K (1.0×); busiest minutes: 14:49 $16.4K (+0.114%), 14:39 $11.7K (+0.255%), 14:26 $11.7K (-0.179%), 13:55 $11.2K (+0.258%), 13:53 $8.8K (-0.398%)
data
{ "ratio": 1.0400482844850951, "venue": "okx", "symbol": "PI/USDT", "volume_1h_usd": 67652.8277968, "busiest_minutes": [ { "v": "16413.44131144", "ts": "2026-10-15T14:49:00.000Z", "ret": "0.114", "close": "0.0789" }, { "v": "11739.45079078", "ts": "2026-10-15T14:39:00.000Z", "ret": "0.255", "close": "0.07868" }, { "v": "11650.96311485", "ts": "2026-10-15T14:26:00.000Z", "ret": "-0.179", "close": "0.07825" }, { "v": "11196.74703777", "ts": "2026-10-15T13:55:00.000Z", "ret": "0.258", "close": "0.07761" }, { "v": "8833.2016397", "ts": "2026-10-15T13:53:00.000Z", "ret": "-0.398", "close": "0.07752" } ], "volume_window_usd": 237969.56323856, "median_hourly_24h_usd": 65047.77596003 } - E3fundingccxt:fetchFundingRates
Funding per 8h: okx 0.0050% (positive = longs pay; ~0.01% is normal)
data
{ "rates": [ { "venue": "okx", "symbol": "PI/USDT:USDT", "funding_rate_pct": 0.005 } ] } - E4liquidationsokx+binance:liquidations
2 forced liquidations worth $581 in the window: $0 longs, $581 shorts; largest $544.9
data
{ "count": 2, "longs_usd": 0, "total_usd": 580.97645, "shorts_usd": 580.97645, "largest_usd": 544.942 } - E5network_feesnownodes:eth:eth_feeHistory
ETH base fee 0.27 gwei (24h average 0.23), blocks 49% full
data
{ "as_of": "2026-10-15T17:17:00.000Z", "chain": "eth", "base_fee_gwei": 0.2727587200533334, "gas_used_ratio": 0.48876946746509126, "avg_base_fee_24h_gwei": 0.2325315475363889, "priority_fee_p50_gwei": 0.14922058852 } - E6market_contextcoingecko:/coins/markets+/global
Market: BTC +2.49% and ETH +4.39% over the same window; total crypto market cap -2.72% in 24h; categories: Smart Contract Platform, Layer 1 (L1), Made in USA, Mobile Mining
data
{ "trending": false, "categories": [ "Smart Contract Platform", "Layer 1 (L1)", "Made in USA", "Mobile Mining" ], "btc_change_24h_pct": 0.74213, "btc_window_return_pct": 2.49, "eth_window_return_pct": 4.39, "global_market_cap_change_24h_pct": -2.7248650767983364 } - E7market_moodalternative.me:/fng
Crypto Fear & Greed index 53 (Neutral) today, 64 a week ago
data
{ "day": "2026-10-15T00:00:00.000Z", "value": 53, "week_ago": 64, "classification": "Neutral" } - E8dev_and_communitycoingecko:/coins/{id}
developer activity: not tracked by CoinGecko for this coin; CoinGecko sentiment 74% positive (as of 2026-10-15)
data
{ "as_of": "2026-10-15T00:00:50.583Z", "forks": null, "stars": null, "commits_4w": null, "prs_merged": null, "sentiment_up_pct": 74.14, "twitter_followers": null, "reddit_subscribers": null } - E9signalscoingraph:signals
Triggered by: price_move (up, medium) at 14:57; price_move (up, medium) at 15:01
data
{ "signals": [ { "id": "99728", "kind": "price_move", "ratio": 3.53, "value": 2.135, "details": { "z_1h": 3.53, "price": 0.07899, "ret_1h_pct": 2.135, "ret_15m_pct": 0.455 }, "baseline": 0.6, "event_ts": "2026-10-15T14:57:00.000Z", "severity": 2, "direction": "up" }, { "id": "100102", "kind": "price_move", "ratio": 3.82, "value": 2.356, "details": { "z_1h": 3.82, "price": 0.07916, "ret_1h_pct": 2.356, "ret_15m_pct": 0.431 }, "baseline": 0.611, "event_ts": "2026-10-15T15:01:00.000Z", "severity": 2, "direction": "up" } ] }