Pi Network Whales Scoop Up 10M+ Coins Amid Market Swings

Pi Network's native cryptocurrency, PI, has captured significant market attention following dramatic price fluctuations in recent months. After an extended downtrend, the token has rebounded to $0.3577—registering a 3.5% weekly gain. Despite ongoing skepticism, deep-pocketed investors continue accumulating PI, with PiScan data showing 22 wallets collectively holding over 10 million coins worth approximately $3.5 million at current valuations.

The network's wealth distribution follows a marine-tiered structure: 'Whales' dominate with 0.0001% of accounts controlling 20% of the total supply, while 'Microbes'—holders of under 10 PI—comprise 84.6% of wallets but represent just 13.4% of circulating tokens. The Pi Foundation remains the largest stakeholder, holding 52.2 billion PI valued at roughly $18 billion.