Crypto expert Mr. Spock has claimed that the Pi Network team is behind the recent selling pressure on its token. He asserted reports that the team sold over 1.2 million PI tokens. This move has caused concern within the community, with many questioning the team’s motives.
Mr. Spock has repeatedly stated that the Pi Network team is likely selling their tokens due to financial strain. In a recent post, he wrote, “I’ve said many times that it’s our Core Team selling Pi because they don’t have any other source of income.” He also mentioned that the team’s actions are contributing to the ongoing selling pressure in the market. According to Spock, the lack of functional products or utility within the Pi Network has left the team with few options for generating revenue.
I’ve said many times that it’s our Core Team selling Pi because they don’t have any other source of income. Pi doesn’t have any real utility or anything that generates revenue, so their only option for liquidity is to sell Pi.” @PiCoreTeam 🤦 https://t.co/ZDa4MQAuUr
— Mr Spock 𝛑 (@MrSpockApe) October 23, 2025

The sale of 1.2 million PI tokens has drawn attention from the community. A Pioneer who flagged the sale described it as “awful” and called for the project to prioritize real-world utility. They emphasized the importance of on-chain transparency and decentralization. Additionally, another community member pointed out that only the core team holds enough PI tokens to drive the price from $3 to $0.20. This suggests that the team’s actions may be the main factor behind the token’s price drop.
While many have criticized the sales, others have offered potential explanations for the team’s actions. Some argue that the Pi Network team may be selling tokens to cover development expenses. For instance, the ongoing Pi Network Protocol 23 upgrade is currently being tested on the network’s testnet. Experts suggest that additional liquidity may be necessary for these development-related costs.
Despite the criticisms, some supporters maintain that the team is acting in the best interests of the project. They suggest that the sale of PI tokens may be necessary to fund the testnet and other critical aspects of Pi Network’s growth. Nevertheless, the situation has raised questions about the project’s long-term sustainability and the team’s role in its future.
Pi Network’s token price has experienced significant fluctuations recently. Over the past month, the price has fallen nearly 30%. This marks a continued downtrend for Pi, with the token losing more than 90% of its value from its peak. The price struggles come despite recent developments, such as the addition of a decentralized exchange (DEX) feature and an automated market maker (AMM) to the testnet.
These features are part of the ongoing efforts to expand Pi Network’s ecosystem. Furthermore, reports suggest that Pi Network is testing a potential stablecoin, SPi, which could be pegged to the US dollar. However, these developments have not been enough to prevent the token’s price from continuing its downward trajectory. The team’s actions and the uncertainty surrounding the project’s direction continue to be a concern for many.
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Maxwell is a crypto-economic analyst and blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.
TLDR Ripple will lock 126,791,458 XRP tokens and exchange them for shares in Evernorth Holdings.…

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Check your tickets Delawareans because a lucky Powerball ticket worth $1 million was purchased in the First State.
The winning ticket was sold for the Oct. 22, drawing worth $321 million, according to Powerball.
Check the winning numbers below to see if your ticket is the winner:
The winning numbers from the Oct. 22 drawing were 18-37-52-54-60, and the Powerball was 12. The Power Play was 2X.
There was no grand prize winner that matched all five white balls and the Powerball.
However, there was a Match 5 winner worth $1 million in Delaware.
With no grand prize winner, the jackpot rose to $344 million with a cash value of $163.7 million.
The next drawing will be Saturday, Oct. 25 at 10:59 p.m. ET.
In Delaware, tickets may be purchased until 9:45 p.m. ET on the day of the drawing.
In New Jersey and Pennsylvania, you can purchase tickets until 9:59 p.m.
Powerball drawings are held three times a week, every Monday, Wednesday and Saturday at 10:59 p.m. ET.
The Powerball costs $2 per play.
In Pennsylvania, you can buy tickets online: www.pailottery.com/games/draw-games/.
Tickets can be bought online as well in New Jersey: njlotto.com.
To play, select five numbers from 1 to 69 for the white balls, then select one number from 1 to 26 for the red Powerball.
You can choose your lucky numbers on a play slip or let the lottery terminal randomly pick your numbers. 
To win, match one of the nine ways to win:
There’s a chance to have your winnings increased two, three, four, five and 10 times through the Power Play for an additional $1 per play. Players can multiply non-jackpot wins up to 10 times when the jackpot is $150 million or less.
All prizes are set cash amounts, except for the grand prize. In California, prize payout amounts are pari-mutuel, meaning it’s determined by the sales and the number of winners.
The odds of winning the Powerball grand prize are 1 in 292,201,338. The odds for the lowest prize, $4 for one red Powerball, are 1 in 38.32.
According to Powerball, the overall odds of winning a prize are 1 in 24.87, based on a $2 play and rounded to two decimal places.

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1. Stock futures are under pressure again as Tesla, IBM fall on earnings, oil jumps: Live updates  CNBC
2. Stock Market Today: Dow Jones Index Falls As Tesla Sells Off On Earnings (Live Coverage)  Investor’s Business Daily
3. Tesla, D-Wave Quantum, IBM, Moderna, Molina Healthcare, American Airlines, and More Movers  Barron’s
4. 5 Things to Know Before the Stock Market Opens  Investopedia
5. Stock Movers: Tesla, IBM, Quantum Computing  Bloomberg.com

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Pi Network Team Faces Controversy Over Alleged Coin Sales  Bitget
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Big Pi Coin Wallets Turn to the Meme Coin Cycle for a Price Boost — Here’s Why  Yahoo Finance
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XRP Price Prediction: Major Crypto Analyst Warns of Inevitable XRP Supply Shock in 2025 – Is XRP About to Pump?  Cryptonews
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Will Jesse Pollak Get Fired From Base? Nonstop Zora Crypto Shills  99Bitcoins
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As of Oct. 23, 2025, XRP is trading in the mid-$2 range. Crypto.news reports XRP at about $2.42, roughly flat on the day ^[18]. This marks a striking rebound from earlier in the month: on Oct. 10 a sudden U.S.–China tariff shock sent all crypto prices plunging, and XRP briefly fell to $1.64 ^[19]. Institutional dip-buyers then flooded the market, driving XRP back above $2.50 by Oct. 12 ^[20]. In fact, Coindesk notes that XRP closed near $2.43 on Oct. 22, with trading volume surging ~12% above its weekly average ^[21]. Since the mid-month crash, XRP has spent most days consolidating between roughly $2.40–$2.50 ^{[22] [23]}.
Despite the volatility, XRP’s longer-term performance is strong. It’s up about +40% year-to-date and roughly +400% over a year ^[24], making it the third-largest cryptocurrency by market cap. Traders note that it recently formed a symmetrical triangle pattern on the charts, suggesting indecision but also the potential for a decisive breakout (see Technical section below) ^[25]. For now, investors remain cautiously optimistic as XRP sits near technical pivot points and awaits new catalysts.
The surge in XRP comes amid a broader crypto bull rally. Bitcoin leads the charge: on Oct. 5 it reached a record $126,223 ^[26] on heavy ETF inflows. Ether has likewise recovered to roughly $4,000+ after a brief September dip ^[27]. These gains have sparked “risk-on” sentiment across markets. CoinShares data for the week ending Oct. 4 show record inflows into crypto ETFs ($5.95 billion globally), with $3.55 billion into Bitcoin products and $1.48 billion into Ether ^[28]. Notably, XRP funds also saw about $219 million of inflows over that period ^[29], highlighting strong interest in the token ahead of anticipated ETF approvals.
Market observers point out that altcoins often ride Bitcoin’s coattails. With BTC and ETH now enjoying U.S. spot ETFs, XRP has lagged — but only slightly. Its market cap (around $144 billion) is roughly 3–4% of total crypto value ^[30]. Some traders believe that an official XRP ETF (or even speculation thereof) could “open the floodgates” and ignite a new altcoin run, similar to past BTC/ETH ETF launches ^{[31] [32]}. For now, the bullish backdrop (macro easing and potential rate cuts) has encouraged accumulation: crypto.news notes that on-chain data show major “whales” moving XRP to exchanges (as sellers) in early October ^[33], but retail and institutions have been “buying the dip” after the SEC win ^[34].
A regulatory breakthrough is a key driver of the recent rally. In August 2025 the SEC formally settled its Ripple lawsuit, ending appeals and cementing Judge Torres’s 2023 ruling that “XRP sold on public exchanges is not a security” ^[35]. This outcome removed a longtime “dark cloud” over XRP. U.S. exchanges swiftly relisted the token for trading ^[36]. With the legal threat gone, asset managers wasted no time: within weeks at least six major firms (BlackRock, Grayscale, WisdomTree, Bitwise, etc.) filed for U.S. spot XRP ETFs ^[37]. The SEC has set decision deadlines in mid-late October. Bloomberg Intelligence now assigns near‑100% odds that at least one XRP ETF will be approved by month’s end ^[38].
Analysts note that the ETFs could be a game-changer. Bitcoin and Ethereum saw massive bull runs once their funds launched, and many expect XRP could follow suit ^[39]. One Coinspeaker report quoted strategists saying, “XRP is struggling to stay above $3” without an ETF, but an approval “could change that overnight,” even triggering a “mega bull run” by year-end ^[40]. Conversely, any unexpected ETF delay might temporarily cool price momentum, as some traders could take profits.
Ripple has also been busy on the corporate front. Chief Executive Brad Garlinghouse publicly backed Evernorth’s $1B XRP treasury plan, tweeting that co-founder Asheesh Birla and team are “building something special” ^[41]. Evernorth’s SPAC (ticker XRPN) is slated to list on Nasdaq and use proceeds mainly to buy XRP. Meanwhile, on Oct. 20 Ripple announced its own $1 billion buyback initiative ^[42]. The plan is to repurchase ~1 billion XRP tokens as part of a new “digital treasury” and burn or hold them, effectively tightening supply ^[43]. These moves (plus Ripple’s earlier $1B acquisition of GTreasury) underscore the company’s push to bolster XRP’s fundamentals. Ripple also rolled out an XRP-backed stablecoin (RLUSD) on its ledger, which burns XRP on each transaction ^[44]. Such initiatives aim to create an “organic demand floor” for XRP as institutional and corporate adoption grows ^[45].
Financial experts and crypto strategists are weighing in with bullish and cautious takes. Bank analysts tend to the former. In a recent report Standard Chartered noted that Ripple is targeting the $150 trillion remittance market, and concluded that XRP could mirror Bitcoin’s gains this cycle ^[46]. Geoffrey Kendrick of SC set a $5.50 price target by end-2025 under a favorable scenario ^[47]. Similarly, crypto research (e.g. Nasdaq’s Motley Fool) suggests a mid‑single-digit dollar price within the next year given rising adoption. Many on social media and trading forums echo a “$4–$5” target zone if XRP breaks out above its current range ^{[48] [49]}.
Veteran analysts sound word of caution. Traders Union’s Anton Kharitonov emphasizes that $2.45–$2.50 is now a crucial support zone ^[50]. “If XRP stays above that level,” he explains, “it could retest the $2.70 range… potentially setting up an attempt at the $3.00 mark.” However, Kharitonov warns, failure to break higher or a fall below ~$2.45 would likely “stall the rally” and risk a retest of around $2.20 ^[51]. Other skeptics recall XRP’s history of boom‑and‑bust cycles and note that without an ETF catalyst, it has struggled to sustain gains above $3 ^[52]. Some deep‑bearish models even project a move back toward single digits under prolonged weakness (though these are viewed as outliers).
Among crypto influencers, sentiment is mixed. Community pundits like Zach Rector have predicted XRP will surprise skeptics with a sharp rally into year-end. However, detractors point out that XRP must reclaim and hold higher territory (above ~$3) to validate such bullish visions. Technically, analysts stress that a break above the $2.45–$2.50 base could quickly accelerate momentum ^[53]. In this vein, traders note that multiple indicators are aligning: besides the price base, Bitcoin’s rally (now around $110–$125K) and an easing macro backdrop (potential Fed rate cuts) have put investors into a more “risk-on” mood, benefiting altcoins ^{[54] [55]}. As one analyst observed, XRP’s short-term setup shows a new base forming, ready to launch if key levels hold ^[56].
Chart analysis suggests XRP is at a crossroads. Over the past weeks it has been consolidating around $2.4 ^[57], forming a symmetrical triangle on mid-term charts. Notably, the 20-day moving average recently crossed above the 50-day moving average ^[58] – a classic bullish sign. Crypto.news reports that this “golden cross” could presage a sustained uptrend, provided XRP can break above resistance ^[59]. Traders are watching the $2.45–$2.50 zone closely: holding above that level is seen as essential. A successful close above ~$2.50 could pave the way to re-test prior swing highs in the $2.70–$3.00 area ^[60].
If bulls prevail, some chart watchers believe XRP could even target multi-dollar marks (above $3 and potentially toward $4–$5 as long-term objectives). But momentum indicators are currently muted: for example, the Relative Strength Index (RSI) sits near the midpoint (~49) ^[61], indicating a neutral stance. In plain terms, the technical picture is balanced. XRP needs a fresh catalyst (such as an ETF approval or big corporate win) to tip the scales. On the downside, losing the $2.40–$2.45 support could lead to a swift drop toward $2.20 or lower, validating bearish chart patterns.
As of late October 2025, XRP has recovered strongly from early-month lows and is navigating a key decision point. The weeks ahead may prove decisive. If the SEC approves a spot XRP ETF (or even signals confidence), analysts say this could unleash another leg up – potentially carrying XRP toward the multi‑dollar targets currently debated (some even cite $4–$5 as plausible in 2025) ^{[62] [63]}. Conversely, any setback on the regulatory front or a sudden crypto-wide selloff could see XRP revisiting the mid-$2 range.
In summary, Ripple’s coin has a potent combination of positives now – legal clearance, institutional crypto flows, corporate buybacks and partnerships – which many believe is bullish. As one Traders Union analyst put it, “XRP’s upside today is backed by multiple factors – macro tailwinds, regulatory hopes and a technical breakout” ^[64]. For general investors, the story is clear: XRP’s former uncertainties have largely been addressed, and its trajectory will now hinge on market sentiment and the coming ETF verdict. The token’s best days could lie ahead, but only time will tell if it truly rockets back toward its all-time highs or settles into a more modest range first.
Sources: Authoritative crypto and financial news outlets, including Coindesk, Reuters, CoinTelegraph, Investing.com, U.Today, and TechStock² (ts2.tech) ^{[65] [66] [67] [68]}. All data are current as of Oct. 23, 2025.

1. crypto.news, 2. ts2.tech, 3. ts2.tech, 4. ts2.tech, 5. www.coindesk.com, 6. www.reuters.com, 7. cointelegraph.com, 8. www.reuters.com, 9. ts2.tech, 10. ts2.tech, 11. ts2.tech, 12. u.today, 13. ts2.tech, 14. ts2.tech, 15. ts2.tech, 16. ts2.tech, 17. ts2.tech, 18. crypto.news, 19. ts2.tech, 20. ts2.tech, 21. www.coindesk.com, 22. ts2.tech, 23. www.coindesk.com, 24. ts2.tech, 25. crypto.news, 26. www.reuters.com, 27. cointelegraph.com, 28. www.reuters.com, 29. www.reuters.com, 30. ts2.tech, 31. ts2.tech, 32. ts2.tech, 33. crypto.news, 34. crypto.news, 35. ts2.tech, 36. ts2.tech, 37. ts2.tech, 38. ts2.tech, 39. ts2.tech, 40. ts2.tech, 41. u.today, 42. ts2.tech, 43. ts2.tech, 44. ts2.tech, 45. ts2.tech, 46. ts2.tech, 47. ts2.tech, 48. ts2.tech, 49. ts2.tech, 50. ts2.tech, 51. ts2.tech, 52. ts2.tech, 53. ts2.tech, 54. www.coindesk.com, 55. ts2.tech, 56. ts2.tech, 57. crypto.news, 58. crypto.news, 59. crypto.news, 60. ts2.tech, 61. crypto.news, 62. ts2.tech, 63. ts2.tech, 64. ts2.tech, 65. www.coindesk.com, 66. www.reuters.com, 67. ts2.tech, 68. ts2.tech
CEO of TS2 Space and founder of TS2.tech. Expert in satellites, telecommunications, and emerging technologies, covering trends in space, AI, and connectivity.
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Chris Larsen, Ripple’s co-founder and former CEO, has reportedly realized over $764 million in XRP sales since 2018. Analysts say his consistent selling near local price peaks may be contributing to XRP’s struggle to recover. With XRP trading 34% below its July highs, large sell-offs from wallets linked to Larsen continue raising concerns among investors about future price pressure.
CryptoQuant analyst J. A. Maartunn shared data showing Chris Larsen has realized $764,209,610 in profits from XRP sales since January 2018. According to the analyst, Larsen frequently sells XRP near local price highs, a pattern that has persisted for years.
The most recent transfer involved 50 million XRP from a wallet linked to Larsen. He later confirmed this transfer as an investment into the Evernorth treasury. Still, the selling trend has raised concerns. Maartunn wrote on X, “Larsen has a recurring habit of cashing out near local highs.”
CryptoQuant’s chart data shows that Larsen’s realized profits saw a sharp increase in 2025. The figure jumped from under $200 million in previous years to over $764 million this year alone. The trend suggests continued selling pressure as he reportedly still holds up to $9 billion in XRP.
XRP is currently trading 34% below its multi-year high of $3.66 recorded in July. Many observers are pointing to large outflows from Larsen-linked wallets as one of the reasons for the recent decline. These sales have led to concerns among traders about the long-term recovery of the token.
XRP’s price currently stands at $2.38, and analysts believe the token needs to break several key resistance levels to reverse its current downtrend. The first major level is the 200-day Simple Moving Average (SMA), which sits at $2.60. A recovery above this mark is seen as a necessary step toward a bullish structure.
Further resistance lies at the 50-day SMA, which ranges between $2.74 and $2.80. Above that, the 100-day SMA is placed at $2.94. If XRP breaks through these levels, analysts suggest the trend could turn more favorable.
Some technical signals suggest that XRP could find support in the near term. A bullish divergence is forming on the Relative Strength Index (RSI), which means prices are falling while RSI is rising. This pattern can signal seller exhaustion and may attract buyers looking for entry points.
A possible bullish crossover on the Moving Average Convergence Divergence (MACD) is also developing. This would indicate potential momentum if the crossover confirms in the coming days. However, for any strong upside to follow, XRP must first move above the 20-day Exponential Moving Average (EMA), currently at $2.55.
Previous recoveries in XRP’s price have followed successful retests of these moving averages. For now, the market remains cautious, especially as large holders like Larsen continue to offload tokens near peak levels.
Market participants are closely watching wallet activity tied to Ripple insiders. With Larsen still estimated to hold billions in XRP, analysts warn that more selling could continue. Although he explained the latest transfer as an investment move, the broader trend has sparked concern among XRP holders.
The pattern of selling at local highs appears consistent, adding to speculation that recovery could face continued headwinds. Many are now focused on whether XRP can regain key technical levels to break free from its current trend.
Kelvin Munene is a crypto and finance journalist with over 5 years of experience in market analysis and expert commentary. He holds a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Analytics Insight. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
TLDR Chris Larsen has realized $764M in XRP profits from sales since 2018. XRP is…

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Jakarta, Pintu News – Pi Network is evolving from an experiment in mobile crypto mining to a fully integrated blockchain ecosystem.
The latest development of the Pi Network supports a wide range of real-world applications in finance, gaming, and technology.
One crypto expert argues that for Pi to grow and survive in the long run, the platform needs to expand its app usage at the platform level. This aims to align Pi with the broader crypto economy as well as the day-to-day needs of users.
Pi Network has the potential to become a large-scale unified blockchain ecosystem, but this can only be achieved by focusing development on critical infrastructure and practical applications.
Read also: Pi Network Price Drops to $0.19 Today: Pi Coin Sentiment and Technicals Point to Weakness
Prediction——Expansion of Pi  Network from Built Infrastructure to Future Platform-Level Applications, Realising a Stronger and More Complete Unified Blockchain System

Pi Network is evolving from a mobile-mining innovation experiment into a mature unified blockchain ecosystem.… pic.twitter.com/8e4VyWkuKF
The network needs to strengthen its technological foundation through tools such as cross-chain bridges to speed up transactions, build a decentralized identity system, and implement DAO-based governance.
The development of this infrastructure will open up various real-world applications, such as payment systems, asset tokenization, AI-based applications, NFT markets, and derivatives trading-all of which have the potential to attract more users.
With over 60 million users and 256 mainnet dApps, the merging of financial, social, and technology applications in one ecosystem could make Pi the ultimate gateway to crypto for the masses. This integration is believed to drive large-scale adoption and provide greater economic empowerment for its global community.
“Pi Network’s future expansion is not about adding features in isolation, but rather a vision-driven advancement in a unified blockchain system,” the expert added.
As of October 22, Pi Coin’s price was at $0.2029 with a 24-hour trading volume of $14.25 million. This represents a decline of about 93% from its highest price in February 2025.
Read also: Crypto Whales Buy 30 Million XRP Tokens: Can XRP Reach $3?
Amidst high volatility, the expansion of Pi’s technical ecosystem could open up opportunities to increase adoption.
Wider use-through integration with AI, real-world assets (RWAs), and decentralized finance -has the potential to drive demand for Pi Coin by strengthening the token’s utility.
However, while this development may provide indirect support to Pi prices, it does not guarantee absolute price stability.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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