Pi Coin Defies ETP Slump, Hits Monthly High as Whales Accumulate

Pi Coin's price surged to a monthly high, defying the struggles of its associated exchange-traded product. The Valour Pi ETP, launched on Sweden's Spotlight Stock Market in late August, has failed to generate meaningful trading activity or investor enthusiasm.

While the ETP languishes with single-digit daily trades, Pi Coin demonstrates underlying strength. Whale accumulation and reduced mining rewards are creating supply constraints, potentially stabilizing the asset's valuation. Market Optimism appears concentrated in the native token rather than its traditional finance counterpart.

The divergence highlights a recurring theme in crypto markets: institutional products often fail to capture the dynamism of their underlying assets. Pi Network's deliberate supply tightening through reward reductions adds fundamental support absent in the ETP structure.