crypto whales purchased 20 million Pi Coins from centralized exchange OKX, valued at a massive $14 million. The tokens were transferred off the exchange into private wallets, suggesting strategic accumulation amid growing market interest in Pi Network.
This isn’t an isolated event. These kinds of daily buybacks are becoming increasingly common, raising speculation that whales are intentionally creating a supply crunch on CEXs—a move that could spark a future price surge.
As per blockchain data, the tokens were moved into:
793b257cac5768e2c4b10d11656bc4ecb9ea98de1f2015a6fccdd4fd8f96c57aGBPHFQE7GFKIRTSXJVQ56TVCXH7LYLVQBCPGE22NJ3JQPBTDBWW2DURB2b9489a818083fe2bbfb6a2069cb3454af2891e14da76b2f5717bfd5a5ea38f6GBAD3GDK7RKAMPLM2FELL3OI65QUCD45HAMMRKX2HZ6WEMV4EP2ORVTHThis accumulation comes just hours after a sudden 5 billion spike in Pi Coin’s circulating supply, which jumped from 7 billion to 12 billion. Yet, exchange wallet balances haven’t changed—fueling speculation.
According to Pi Barter Mall, this sudden rise may stem from a 5 billion Pi liquidity pool release, possibly in preparation for a major exchange listing. While official confirmation is pending, such activity hints at broader plans to introduce Pi Coin into deeper liquidity environments.
Pi Coin is showing notable strength on the technical charts. Following a sharp price rise and surge in trading volume, Pi Coin is now consolidating within $0.58 and $0.59.
Several indicators are aligning to suggest a bullish breakout for Pi Coin. The RSI is forming a golden cross on both the 4-hour and daily charts, signaling a possible continuation of the upward trend. At the same time, the stochastic RSI appears to be bottoming out, another indicator pointing to a potential reversal to the upside.
Pi Coin is forming the “C” leg of the butterfly pattern, expected around the $0.5603 level. However, since the price is currently showing strength at the golden pocket of $0.5833, it is likely to move higher from here.
Targets: $0.576, $0.614, $0.6685, $0.702
Entries:
Stop-Loss: $0.54
Pi Coin is listed on 12 exchanges, including OKX, Bitget, MEXC, Gate.io, HTX, CoinEx, BitMart, LBank, DigiFinex, CoinW, GCB Exchange, and Pionex.
Currently, there is no clarity on the launch of Pi coin on Binance.
If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.
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