Whale Transfers 200 Million PI Ahead of June 28 Update

Just ahead of Pi2Day on June 28, a staggering 200 million PI tokens were quietly moved from a liquidity reserve into a private wallet. Analysts—including Moon Jeff—interpret this as a likely OTC accumulation by institutional players, signalling growing confidence and strategic buildup .

🔥 Why This Matters

OTC deals let large investors accumulate without major price impact, which often signals serious, long-term intent .

PI currently trades near $0.64, dramatically down ~77 % from its $2.98 high, but this silent accumulation hints that distribution may be nearing an end .

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📅 The Pi2Day Effect & Binance Buzz

With Pi2Day falling on June 28, speculation is swirling around a potential Binance listing.

If confirmed, analysts believe PI could surge past $1.20, possibly even toward $2 .

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📈 Recent Price Moves

Launch (Feb 20): PI opened at ~$0.86, then skyrocketed ~2,889 % by Feb 26 .

Since then: fell ~81 % by March 31, rebounded mid-May, but dropped ~48 % thereafter .

As of today, it sits around $0.58–0.64, down ~33 % in the past month but showing signs of technical support .

🧠 Technical Indicators & Patterns

Analysts point to a triple‑bottom chart pattern and tight Bollinger Bands—signs of volatility drying up and a potential breakout on the horizon .

Key resistance levels lie at $0.86, $1.00, $1.20–$1.67, with $1.67 serving as the “neckline” for a bullish move .

🔍 Final Take

Expectations are rising: institutional accumulation via OTC, Pi2Day hype, and Binance rumors all line up for a potentially bullish event late June. While PI remains significantly below its peak, many see this build-up as a possible catalyst for a breakout—if sentiment holds and news hits.

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