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

Pi Coin Supply Squeeze: Whales Are Accumulating, Sparking Bitcoin 2011 Flashbacks

Big investors are making waves in the Pi Network community, scooping up massive amounts of Pi Coin and potentially creating a supply shortage on exchanges. The buzz? Many believe this could be a golden opportunity, reminiscent of buying Bitcoin back in 2011.

Whale Alert: $14 Million Purchase Fuels Optimism

Over the past few hours, a whale executed a significant move, purchasing 20 million Pi coins, valued at approximately $14 million USD, on the OKX cryptocurrency exchange. What’s even more interesting? They subsequently transferred these coins to private wallets, signaling strong confidence in the token’s future prospects.

This type of activity is contributing to a shrinking supply of Pi Coin on centralized exchanges (CEXs) like OKX.

The Supply and Demand Game

The principle is simple: as more coins are withdrawn from exchanges and stored privately, the available supply for public purchase decreases. This reduction in supply often leads to increased demand and, consequently, higher prices. Pi Network enthusiasts are drawing comparisons to the early days of Bitcoin (2011–2013), when BTC traded for just a few dollars, and its future was far from certain.

Currently, Pi is trading at what some consider its lowest “lifetime” price, prompting investors to view this as a unique buying opportunity. Excitement is building within the Pi community, with many speculating that the coin could surpass $1 in value by the end of the week if the current accumulation trend persists.

Looking Ahead: The May 14, 2025 Announcement

Mark your calendars! On May 14, 2025, the Pi Core Team is scheduled to make a major announcement regarding the Pi Ecosystem. Analysts speculate that this announcement could involve new products, strategic partnerships, or even exchange listings, potentially triggering a significant price surge for Pi Coin.