Pi Network Whales Accumulate 41M PI Tokens Worth $27M Ahead of Possible Price Surge

The Pi Network community is abuzz after new on-chain data revealed that crypto whales accumulated over 41 million PI tokens, worth around $27 million

Crypto whales have been busy accumulating Pi (PI) tokens, on-chain data reveals. Over 41 million PI, now worth over $27 million, flowed out of exchanges like OKX in just two days.

This activity has sparked renewed interest in the Pi Network token, setting the stage for a potential price surge.

Crypto Whales Prefer Scooping Up Tokens Over Dumping Them, Analyst Notes

As one prominent crypto tracker points out, single wallets absorbed over 48 million PI, now worth nearly $31 million, dramatically tightening circulating supply on exchanges.

This activity strengthens expectations of a Pi coin price surge, especially as demand continues to outpace readily available supply.

“They are not selling. They are accumulating. In the last 2 days Millions of $pi coins have been withdrawn from exchanges. This signals widespread adoption. Any time 1 $PI will be going for $5.”

Despite the bullish whale activity, Pi price today remains steady around $0.63. However, technical analysis reveals encouraging signals. The token is currently forming a double-bottom pattern, a setup often viewed as a precursor to upward moves.

Traders are closely monitoring Pi price resistance at $0.645. A breakout above this level could unlock potential for the Pi coin price surge, pushing the token toward its next significant resistance point at $0.7857. Such a move could further propel momentum, possibly driving Pi Network price surge hopes toward the elusive $1 mark.

Technical Analysis Shows Potential For A Pi Network Price Surge

Several market watchers maintain an optimistic long-term view for Pi Network. While Pi price today is far from its historic highs, analysts are encouraged by the robust Pi price support zone near $0.60. This foundational level, coupled with bullish chart patterns, supports ongoing expectations for upward momentum.

Even popular Pi community voices have hinted that the project’s journey to higher valuations is still in its early stages. However, for any Pi coin price surge to sustain, the project needs to address challenges in its tokenomics and enhance its real-world utility to keep investor confidence intact.

One factor creating cautious sentiment is the upcoming unlock of nearly 1.5 billion Pi tokens over the next year, equivalent to about $83 million. With approximately 130 million Pi tokens set to enter circulation monthly, concerns about potential dilution persist.

Yet, hope remains high that broader ecosystem growth could counterbalance this supply increase. The launch of new decentralized apps (dApps) on the Pi Network and additional real-world use cases for Pi coin are seen as essential. Further positive Pi news would be the listing of Pi coin on top-tier exchanges like Binance or Coinbase — moves that could boost both visibility and trading activity.

Another potential catalyst for a Pi Network price surge is the upcoming Consensus 2025 conference, where Pi’s founder, Nicolas Kokkalis, will present to a crowd of over 20,000 participants, including institutional investors managing trillions in assets. The event could be a turning point for Pi coin if key milestones like mainnet support and Know Your Business (KYB) clearances are finalized.

Meanwhile, the market sentiment remains mixed. Despite bullish signals like whale accumulation and a strengthening chart pattern, investor caution lingers. The Pi price resistance at $0.645 remains the immediate hurdle to watch, while a robust support zone near $0.60 offers a reassuring buffer for bulls.