PI Token Shows Bullish Reversal Signals as Major Whale Accumulates $132M Position

Pi Network's token is displaying early reversal indicators following a severe 90% drop from its peak, with on-chain analytics revealing substantial whale accumulation. A single investor has accumulated 373.78 million Pi coins valued at $132 million, including a $156,043 purchase on Thursday. This strategic positioning could yield the whale a potential $1.12 billion profit if PI reclaims its all-time high.

Technical analysis supports the bullish outlook: a double-bottom pattern on the 12-hour chart aligns with bullish divergence signals. This accumulation surge contradicts PI's post-mainnet decline, indicating anticipation of upcoming catalysts such as exchange listings or token burn mechanisms. The resurgence of altcoin season may provide additional momentum for price recovery.