After a sharp 50% drop from its peak of $1.40, Pi Coin (PI) is showing signs of a potential rebound. A significant movement of 14 million PI tokens from exchanges to private wallets suggests that major holders are accumulating, possibly anticipating future gains.

🔄 14 Million PI Tokens Transferred to Private Wallets

Recent blockchain data reveals that approximately 14 million PI tokens have been moved from exchanges to private wallets. Such large-scale transfers are often interpreted as bullish signals, indicating that investors are opting to hold their assets long-term rather than keeping them on exchanges for immediate trading .

This move aligns with previous significant withdrawals, including a notable 70 million PI tokens pulled from the OKX exchange. These patterns suggest a strategic accumulation by major stakeholders, reinforcing confidence in Pi Network's future prospects .

📈 Market Response and Price Predictions

Following these substantial token movements, PI's price has experienced an uptick, currently trading around $0.8153, marking an 11.52% increase in the last 24 hours. Analysts predict that if this momentum continues, PI could target resistance levels at $0.8268 and $0.9222, with the potential to reach $1 in the near term .

Looking further ahead, some forecasts suggest that PI could climb to $0.937 by the end of May, with optimistic projections reaching $2.34 by June and possibly $4.44 by November 2029, contingent on user base growth and successful project development .

✅ Conclusion

The recent transfer of 14 million PI tokens to private wallets indicates a bullish sentiment among major holders. Coupled with positive price movements and optimistic forecasts, Pi Coin appears poised for potential growth. However, investors should remain cautious and conduct thorough research, considering the inherent volatility and risks associated with cryptocurrency investments.

⚠️ Disclaimer

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.