Crypto Whales Gobble 20M Pi Coins—Is This the Start of Pi Network’s Bitcoin-Style Surge?

Whales just dumped $12M into Pi Network’s illiquid market—because nothing says ’sound investment’ like betting on an unproven crypto during peak speculation season.

Pi’s supply shock mirrors Bitcoin’s early days, but let’s see if the dev team can deliver more than just a fancy whitepaper this time.

Meanwhile, retail traders scramble to decode whether this is genius alpha or another ’greater fool’ play by bored billionaires.

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