The post Pi Network Sees Major Whale Activity Before June 28 Update appeared first on Coinpedia Fintech News
The Pi Network is back in the spotlight after a massive whale move triggered renewed interest. The PI price currently stands at $0.6423, down 77.13% from its all-time high of $2.98, but recent on-chain activity hints at a potential turnaround.
200 Million PI Tokens Transferred — What Happened?
A massive 200 million PI tokens were recently moved from a liquidity reserve to a private wallet, sparking widespread speculation. According to popular crypto analyst Moon Jeff, the movement appears to be an Over-the-Counter (OTC) purchase, a method often used by institutional investors to avoid market slippage.
“This kind of quiet accumulation usually signals strong confidence from big players,” said Jeff on X.
Why It Matters
OTC deals bypass public exchanges and are typically done by large investors, suggesting institutional interest and strategic accumulation in Pi Network — even during a dull market phase.
Pi Coin Price Analysis : A Volatile Journey
- On launch day, Feb 20, PI closed at $0.86.
- Between Feb 20–26, it soared 2,889.30%.
- By March 31, it had plummeted 81.47% from its peak.
- From May 7–13, PI rebounded 114.28%, only to fall again by 48.10% starting May 14.
- Over the last 14 days, it dropped 14.3%; in the last 7 days, it’s down 1.6%.
- In the past 24 hours, PI price climbed 1% to $0.6423.
- Also Read :
- Pi Network Price Prediction For 2025
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Pi Network Price Prediction: Can It Break $1.2?
Moon Jeff and other analysts believe $1.2 is the next key resistance level. A successful breakout could push PI towards $2 in the short term.
However, not all analysts are bullish. Dr. Altcoin recently criticized the Pi Core Team for lack of progress and poor communication.
Some KYC-verified users have even claimed they haven’t received their PI tokens, raising further concerns within the community.
Pi2Day: Could Pi Network Binance Listing Be Announced?
All eyes are now on June 28, when the Pi Network celebrates Pi2Day — a date known for major updates and community events. According to community buzz, a Binance listing announcement might be on the horizon, though this remains unconfirmed. Such a development could drastically shift market momentum.
Final Take:While PI remains far from its peak, the recent whale move and Pi2Day anticipation may act as a catalyst for a new price surge. Investors are watching closely to see whether the $1.2 resistance can be broken, or whether Pi Network’s ongoing issues will continue to stall its growth.
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