#Pi Network is under pressure as it bleeds heavily, plunging over 86% from its all-time high. The cryptocurrency is now hovering around $0.35–$0.36, following a sharp drop from the $0.40 range in the last 24 hours. The sell-off comes as weak demand, delusional circulating supply, and mounting exchange reserves weigh on sentiment.

Despite the sharp decline, on-chain data shows that a single whale wallet labeled GAS…ODM has been aggressively accumulating Pi Coin. Over the last three months, this mysterious wallet has scooped up 331 million PI — a position now worth around $148.5 million. The wallet consistently bought through dips and now ranks as the sixth-largest holder in the Pi ecosystem.

What’s causing the drop? July alone saw 160 million PI unlocked, and most of it ended up on centralized exchanges. Yet $Pi Network remains unlisted on top-tier exchanges like Binance and Coinbase. The lack of major listings severely limits its accessibility and liquidity, keeping retail and institutional participation low.

Source: Binance

Pi’s price has failed to keep up with the broader altcoin recovery. As most altcoins rallied, Pi lagged, suffering a 70%+ drawdown since May. The PI chart now shows a textbook double-bottom pattern forming near the $0.34–$0.35 zone — a structure that often signals a reversal if confirmed with a breakout above resistance.

Analysts suggest that a listing on a major exchange could serve as the turning point. A Binance or Coinbase listing would introduce real liquidity, fresh inflows, and potentially drive a surge in demand. Based on historical post-listing patterns, PI could rebound as much as 300% from these levels, especially if paired with a broader altseason continuation.

The whale accumulation and market positioning hint at a long-term bet. Whether it's the Pi Core Team buying back or a tier-1 exchange preparing reserves for a listing, the strategic build-up can’t be ignored.

For now, $Pi remains a high-risk, high-reward bet. Without a major exchange listing, its price could stay suppressed. But if that narrative changes, a sharp trend reversal may follow.

#ProjectCrypto #TrumpTariffs #MarketPullback #WhiteHouseDigitalAssetReport