Pi Coin, the native cryptocurrency of Pi Network, has been drawing massive interest from crypto “whales” (large holders), as millions of coins are being withdrawn from exchanges. This surge in activity comes amidst mounting speculation that Pi may soon be listed on Binance.

On May 10, a staggering 70 million Pi Coins were withdrawn from the exchange, alongside a 25% price increase on the weekly chart.

Whale Activity Soars Amid Binance Listing Speculation

Renowned crypto analyst, Dr. Altcoin, stirred up excitement in the Pi Network community with claims of major developments.

In a recent post on X, Dr. Altcoin highlighted a wallet address that had just purchased 70 million Pi Coins from OKX.

“Something Big is Coming!”

An account with the wallet address: GASWBDATCXXIUGHR7DWSFAAONZB2L5NFMBTDCYQQ2TQLRQNCTKJ2AODM has just bought 70,000,000 Pi from CEX.

This same account now holds approximately 155 million Pi, which is higher than any single account on the Pi exchange at present.

Dr. Altcoin suggests that such massive accumulation could indicate a large centralized exchange (CEX) preparing to list Pi Coin.

“This is definitely not a regular user,” he says, speculating that the wallet could belong to Binance, the largest crypto exchange in the world. “What do you think? I believe it’s Binance!”

Moreover, Pi Coin's daily trading volume has surged by over 35%, crossing the $300 million mark. Speculation surrounding Pi’s potential Binance listing is drawing increasing attention from traders, further fueling interest in this altcoin.

Could Pi Coin Hit $1?

Amidst the 25% weekly price jump, many analysts are predicting that Pi Coin could soon soar to $1 or more.

In another post on X, Dr. Altcoin remarked that he believes Pi’s price could hit $1 today, following the whale accumulation activity.

"Altcoins are on the rise, and daily profits of 40% might soon be the new normal!"

Pi Coin’s impressive price spike follows hints of a major update to the Pi Network ecosystem, set for May 14. The announcement coincides with the ongoing Consensus conference, and follows Pi Network’s participation in the Token2049 event in Dubai.

This event brought together major crypto industry figures, including TRON founder Justin Sun and Binance CEO Changpeng Zhao.

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.