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Altcoin News

Whales Buy 20M Pi Coins, Pi Network to Mirror Bitcoin Rise?

Many believe the coin could cross $1 in value by the end of the week, especially if the current pace of accumulation continues.

Written By Jalpa Bhavsar
Fact Checked by Kritika Mehta
Published May 10, 2025 12:47 AM·Updated 1 year ago
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Whales Buy 20M Pi Coins, Pi Network to Mirror Bitcoin Rise

Big investors are buying huge amounts of Pi Network’s Pi Coin, creating a supply shortage on exchanges. Many believe this could be a once-in-a-lifetime chance, just like buying Bitcoin back in 2011.

a whale purchased 20 million Pi coins
A whale purchased 20 million Pi coins, Source: X

During the last few hours, a whale bought 20 million Pi coins worth about $14 million USD on OKX cryptocurrency exchange. They then sold the coins into private wallets, which is a strong vote of confidence in the future of the token. This type of movement is causing a shortage of supply on centralized exchanges (CEXs) such as OKX.

When more coins are removed from exchanges and kept privately, fewer are left for others to purchase. This tends to cause higher demand and prices. Some Pi Network enthusiasts are drawing parallels to Bitcoin in 2011–2013 — when BTC was selling for a mere handful of dollars and not many people thought it would ever get to where it is now.

In the same vein, Pi is currently at what some refer to as its lowest “lifetime” price, and investors are viewing this as a once-in-a-lifetime buying opportunity. There is growing excitement in the Pi community. Many believe the coin could cross $1 in value by the end of the week, especially if the current pace of accumulation continues.

Furthermore, on May 14, 2025, the Pi Core Team is slated to make a major announcement about the Pi Ecosystem, which some analysts believe could include new goods, strategic alliances, or exchange listings, perhaps resulting in a significant price hike.

Also Read: Did Pi Network’s Supply Jump from 7B to 12B Tokens? Fact Check

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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