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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jun 11, 2025 05:55 UTC
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Pi Network Sees Major Whale Activity Before June 28 Update
200 Million PI Tokens Moved: A major whale transfer signals possible institutional interest via OTC deals, hinting at bullish accumulation.
Eyes on Pi2Day & Binance Rumors: With Pi2Day on June 28, speculation grows about a potential Binance listing and a price push past $1.2.
The Pi Network is back in the spotlight after a massive whale move triggered renewed interest. The PI price currently stands at $0.6423, down 77.13% from its all-time high of $2.98, but recent on-chain activity hints at a potential turnaround.
200 Million PI Tokens Transferred — What Happened?
A massive 200 million PI tokens were recently moved from a liquidity reserve to a private wallet, sparking widespread speculation. According to popular crypto analyst Moon Jeff, the movement appears to be an Over-the-Counter (OTC) purchase, a method often used by institutional investors to avoid market slippage.
“This kind of quiet accumulation usually signals strong confidence from big players,” said Jeff on X.
Why It Matters
OTC deals bypass public exchanges and are typically done by large investors, suggesting institutional interest and strategic accumulation in Pi Network — even during a dull market phase.
Pi Coin Price Analysis: A Volatile Journey
- On launch day, Feb 20, PI closed at $0.86.
- Between Feb 20–26, it soared 2,889.30%.
- By March 31, it had plummeted 81.47% from its peak.
- From May 7–13, PI rebounded 114.28%, only to fall again by 48.10% starting May 14.
- Over the last 14 days, it dropped 14.3%; in the last 7 days, it’s down 1.6%.
- In the past 24 hours, PI price climbed 1% to $0.6423.
- Also Read :
- Pi Network Price Prediction For 2025
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Pi Network Price Prediction: Can It Break $1.2?
Moon Jeff and other analysts believe $1.2 is the next key resistance level. A successful breakout could push PI towards $2 in the short term.
However, not all analysts are bullish. Dr. Altcoin recently criticized the Pi Core Team for lack of progress and poor communication.
Some KYC-verified users have even claimed they haven’t received their PI tokens, raising further concerns within the community.
Pi2Day: Could Pi Network Binance Listing Be Announced?
All eyes are now on June 28, when the Pi Network celebrates Pi2Day — a date known for major updates and community events. According to community buzz, a Binance listing announcement might be on the horizon, though this remains unconfirmed. Such a development could drastically shift market momentum.
Final Take:While PI remains far from its peak, the recent whale move and Pi2Day anticipation may act as a catalyst for a new price surge. Investors are watching closely to see whether the $1.2 resistance can be broken, or whether Pi Network’s ongoing issues will continue to stall its growth.
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FAQs
Pi2Day, celebrated on June 28, is a significant annual event for the Pi Network community. It often brings major updates, announcements, and community initiatives, including potential progress towards its Open Mainnet.
Pi2Day could be the turning point—with unlocks slowing, consolidation underway, and GCV recognition on the line.
If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.
Yes 
No 
