Pi Coin Tumbles 4% as Crypto Whale Gobbles Up 48 Million Tokens—Just Another Day in Volatile Altcoin Land
Pi Coin takes a 4% nosedive amid broader market jitters—but someone’s buying the dip hard. A single whale address just snapped up 48 million tokens, worth roughly $2.3 million at current prices.
Who says crypto lacks drama? While retail investors panic-sell, the big players keep playing chess. This whale’s move either signals insane confidence or another calculated pump before the dump. Either way, grab your popcorn.
Fun fact: The ‘accredited investor’ rules they’d never let you bypass? Whales laugh while swallowing entire token supplies. Stay decentralized, folks.
Pi Coin’s price has dropped by more than 4% and is now trading at around $0.61. It’s currently moving sideways, stuck between resistance at $0.68 and support at $0.617. Technical charts, including the Ichimoku Cloud and RSI, show that the market is unsure about its next move.
There is a key resistance level at $0.706 — if Pi breaks above that, the price could quickly jump by 10%. Still, Pi Coin is down nearly 80% from its high earlier this year, making it one of the worst performers in the market right now.
48M Pi just accumulated by wallet GASW (opened on 06/03/2025), with ZERO locked Pi.
Could it be a corporation, a big organization, or even a government?
While Pioneers lose hope, giant players are silently scooping it all.
If they agree on a price >$100, Pi Network will… pic.twitter.com/zEDSsnKtoz
However, something interesting is happening behind the scenes. A wallet named “GASW,” created on March 6, 2025, just bought 48 million Pi coins — and none of them are locked. This could mean that a major player, like a company, institution, or even a government, is getting involved.
Other Positive Catalysts:
Binance, one of the biggest cryptocurrency exchanges, has shared new listing guidelines that have caught the attention of the crypto world — especially fans of Pi Coin. Since the platform now has more direct rules for adding new tokens, many believe this could open the door for Pi Coin to be listed on Binance soon.
Meanwhile, the Pi Network team recently shared a roadmap for their migration process to improve transparency and respond to user concerns. However, the update left many disappointed, as it didn’t include details like how many users are still waiting or how many accounts can be migrated each day. Looking ahead, the Pi Network is set to attend the Consensus 2025 event, which could bring major news and updates for the Pi community.
