- Pi Network whale has bought 290 million PI coins worth $150M, stirring market speculation.
- The crypto community awaits official guidance from the Pi Core Team.
Pi Network whale has amassed a staggering 290 million PI coins—valued at approximately $150 million—in just three months. This accumulation, tracked closely by analysts, marks the largest hoarding in the project’s history and has reignited both optimism and concern within the Pi community.
Massive Purchases Across Exchanges
The whale’s acquisition spree began on March 6, with the most recent transaction—2 million PI coins—executed just 22 hours ago. These bulk buys have largely taken place on centralized exchanges, prompting speculation that the investor is positioning ahead of a potential Binance listing or another major exchange debut. This theory gains weight as meme coins and other speculative assets enjoy high volatility and trading spikes.
Community Divided Over Implications
The accumulation has left the Pi Network community split. On one hand, it signals possible institutional confidence and long-term belief in Pi’s potential. On the other, it raises alarms over market centralization, as such a large concentration of tokens in one wallet could lead to manipulation or instability.
As of now, PI is trading at $0.54 at press time with over $100 million in daily volume. While the market cap stands at $4 billion, only a fraction of the full 100 billion total supply is circulating. With only 7.5 billion coins in circulation, broader investor participation has yet to fully unfold.
Betting Big on Pi Network Future
The whale’s bold strategy comes even as Pi’s price remains 68% below its all-time high (ATH) of $2.98. If PI ever returns to that peak, the investor’s holdings could be worth nearly $600 million. Even at just $1 per coin, the stash would still fetch a $300 million return—doubling their current valuation.
With the market closely watching, attention now turns to the Pi Core Team for an official response. Their guidance could shape investor sentiment and reveal whether these large-scale accumulations will serve to stabilize or shake the future of Pi Network.
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