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.
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.
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.
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.
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.
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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Industry-renowned traders including the likes of Alex Becker, are predicting that we are yet to…
Story Highlights The live price of the Floki memecoin is . The Floki price could…
After huge BTC inflows of more than $500 million in a single day, institutional buyers…
Nirmala Sitharaman, Indian Finance Minister, has urged nations worldwide to proactively prepare for stablecoins by…
Bitcoin and Ethereum price movements continue to dominate headlines, but seasoned investors are eyeing bigger…
Floki price is back in the spotlight as its price jumps 2% today, rebounding after…
