In one large twist in the Pi Network universe, one of the major investors, has brought about 290 million Pi (PI) coins within three months in the history of the project. This hoarding, which is worth approximately $150 million, has grabbed a lot of attention within the Pi community and market analysts.
The first notable transaction occurred on March 6, while the most recent—an acquisition of 2 million PI tokens by a whale—took place just 22 hours ago, marking one of the largest buys in the past three months. This whale’s activity has been closely monitored, with reports indicating that most of these tokens are being moved to centralized exchanges.
The spike in accumulation comes alongside heightened volatility in the market, particularly in the memecoin sector, which has seen a series of strong rallies recently. The timing of these strategic movements has sparked speculation that the whale may be positioning itself ahead of a potential listing on major exchanges like Binance.
The Pi Network community is still divided on what it will entail on this accumulation. On the one hand, it can be treated as a good indicator of institutional interest and confidence in the future of the project, and, on the other, as the concentration of holdings with its possible effects on the stability of the market.
As of now PI coin is trading at the value $0.54, with trading volume of over $100 million. The market cap of PI is $4 billion while a substantial amount is still locked up. The circulating supply is yet to be 7.5 billion while total supply is 100 billion, indicating that actual investor wave is yet to come.
Since its launch Pi coin has seen a continuous downturn, as it is already 68% below its ATH of $2.98. While many would worry about investing in this downtrend, this whale has a different opinion as in the three months time span they have added a lot of PI coin, and seems like they will continue to accumulate for the possible future
If Pi Network’s coin returns to its all-time high, this whale’s holdings could be worth around $600 million. Even at a modest price of $1 per coin, the valuation would still stand at $300 million—an enormous potential profit.
With developments like this unfolding, all eyes are now on the Pi Core Team to release an official statement. The community is eager for clarity on the future direction of the project and the role such massive investors might play in shaping it.