Pi Coin Is Being Bought Cheap—But Who’s Behind the Accumulation?

In the volatile world of cryptocurrency, price dips often trigger panic selling. But sometimes, they attract quiet accumulation. That’s exactly what’s happening with Pi Coin, the native token of Pi Network, which has recently seen its price fall to near-record lows. While many retail holders hesitate, a handful of mysterious wallets are buying aggressively—raising questions about what they know that others don’t.

Pi Coin’s Price Collapse: A Snapshot

Since peaking at $2.10 in February 2025, Pi Coin has plunged more than 80%, currently trading around $0.40–$0.44. The decline has been driven by a combination of factors:

• Massive token unlocks, including 162.8 million Pi in August alone

• Weak demand and low trading volume

• Lack of major exchange listings

• Limited real-world utility and dApp integration

Despite Pi Network’s technical progress—including mainnet migration and KYC expansion—the market has responded with skepticism. The result: a steep drop in price and growing frustration among early adopters.

The Whale Wallet Mystery

Amid this downturn, one wallet labeled GAS…ODM has quietly accumulated over 331 million Pi coins, worth approximately $148 million. This accumulation occurred during the steepest price declines, suggesting a deliberate long-term strategy rather than casual speculation.

Key observations:

• The wallet pulled large amounts of Pi from exchanges like OKX, Gate.io, and MEXC

• Accumulation intensified during price dips, especially near support zones

• The wallet now ranks among the top holders in the Pi ecosystem

This behavior has sparked two dominant theories:

1. Insider Buyback: Some believe the wallet belongs to the Pi Core Team, acting as a covert stabilizer during unlock events.

2. Exchange Preparation: Others speculate it’s a major exchange stockpiling Pi ahead of a listing—possibly Binance, given recent wallet integrations

Speculation Around Binance Listing

Rumors of a Binance listing on August 15 have fueled renewed interest in Pi Coin. While no official confirmation exists, several signs point to possible integration:

• Binance Connect and P2P support options appeared in the Pi Wallet interface

• A community vote showed 85% support for listing

• Unusual hot wallet activity linked to Binance has been detected

Still, Pi Network has not completed KYB verification or published a transparent tokenomics roadmap—both prerequisites for major exchange listings. Analysts warn that premature speculation could lead to disappointment if the listing fails to materialize.

Someone knows something that we don't?

Anyways, I'm just glad it's not my $Pi that's being bought so cheaply lol https://t.co/OB6uPhRVHH

— Woody Lightyear 𝛑 (@WoodyLightyearx) August 2, 2025

Market Sentiment and Technical Indicators

Despite the buzz, Pi Coin remains under pressure:

• RSI readings hover near oversold territory, suggesting seller exhaustion

• MACD indicators show bearish momentum, though a reversal is possible if support holds at $0.40

• Daily trading volume has fluctuated between $80–$100 million, reflecting cautious interest

If Pi Coin breaks above $0.45 and sustains momentum, analysts predict a short-term rebound to $0.60–$0.75. A confirmed Binance listing could push it even higher, possibly toward the $1.00 mark.

What Does This Mean for Pi Network?

The accumulation of Pi Coin at low prices suggests that some players see long-term value in the project. Whether it’s insider confidence, strategic positioning, or preparation for exchange liquidity, the buying activity sends a clear message: someone believes Pi is undervalued.

For everyday users, this presents a dilemma:

• Sell now and risk missing a rebound

• Hold through volatility and bet on future utility

• Stake or lock up tokens to earn rewards while waiting for clarity

Conclusion: Quiet Accumulation, Loud Implications

As Pi Coin trades near its lowest levels, the quiet accumulation by whale wallets is reshaping market dynamics. Whether driven by insider strategy or exchange preparation, the buying behavior suggests that Pi Network’s story is far from over.

In crypto, silence often precedes movement. And while many are watching Pi’s price, the real question is: who’s buying—and why?

Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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