OKX Whale Scoops Up $180M in Pi Network Tokens Despite Market Downturn

In a bold move defying recent market trends, a major investor has accumulated 276 million PI tokens worth approximately $180 million over the past two months, including a significant 7.38 million PI withdrawal from OKX. This aggressive accumulation comes as Pi Network''s cryptocurrency faces a 17% weekly drop and sits 60% below its May peak of $1.67, demonstrating remarkable confidence in the asset''s long-term potential despite current technical weakness.

Pi Network Whale Accumulates $180M in PI Tokens Amid Market Correction

A significant whale investor has aggressively accumulated 276 million Pi tokens over the past two months, now holding approximately $180 million worth of Pi Network''s cryptocurrency. This accumulation occurred despite PI''s 17% weekly drop and a 60% decline from its May peak of $1.67.

The whale''s persistent buying, including a recent 7.38 million PI withdrawal from OKX, contrasts with the token''s technical weakness. Pi Network currently trades NEAR $0.65, struggling to maintain momentum after breaking below key support levels.

Market observers note the divergence between whale confidence and PI''s bearish chart structure. The altcoin''s inability to regain upward traction suggests continued volatility ahead, with the $0.61 weekly low serving as critical near-term support.

BONK Eyes Potential Rally as Technical Indicators Turn Bullish

BONK, the Solana-based meme coin, shows signs of a bullish reversal after a 14-day slump, with technical indicators suggesting growing buyer momentum. The token gained 10% in 24 hours as traders on OKX accumulate positions, potentially signaling the start of a sustained recovery.

A developing golden cross pattern on the MACD and positive Bull Bear Power readings indicate shifting market dynamics. Derivatives activity on OKX shows unusual interest, with traders positioning for what could become a significant upside MOVE if the MACD enters positive territory.