Mystery Whale Amasses $125M in PI Tokens Amid August Unlock Concerns

BTCC / BTCC Square / Global Cryptocurrency /

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2025-08-04 12:28:39

[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN] PI News -

Pi Network's native token faces mounting pressure as a single entity accumulates 350.5 million Pi coins—worth approximately $125 million—becoming the sixth-largest wallet holder. This three-month accumulation through exchange purchases demonstrates strong conviction despite market challenges.

With 156 million tokens set for release in August 2025—representing potential $68 million sell pressure at current valuations—PI continues lagging behind broader crypto market rallies. Trading near historic lows around $0.35, the token has seen over 250 million unlocked this month meeting weak demand.

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