Pi Network’s Bullish Reversal Catches OKX Traders’ Attention Amid Whale Accumulation

Pi Network's Pi token is showing strong signs of a bullish reversal, breaking out of a repeating Adam and Eve pattern and gaining 3% on Monday. The token has held above the critical $0.40 level, with whale activity intensifying as one major investor accumulated 984,000 PI tokens, bringing their total holdings to 351.74 million—more than any single exchange. This development has caught the eye of OKX traders, who are closely monitoring the token's potential for further gains. Data from PiScan reveals significant accumulation by top holders, signaling growing confidence in PI's market trajectory.

Pi Network Token Shows Signs of Bullish Reversal Amid Whale Accumulation

Pi Network's PI token has broken out of a repeating Adam and Eve pattern, signaling a potential trend reversal. The token gained 3% on Monday, holding above the critical $0.40 level following Friday's bullish breakout. Whale activity has intensified, with one major investor adding 984,000 PI tokens to reach a staggering 351.74 million tokens—more than any single exchange holds.

Data from PiScan reveals four of the five largest transactions involved whales acquiring PI from OKX, totaling 2.25 million tokens worth $901,500. While technical indicators show mixed signals, the accumulation by deep-pocketed investors suggests confidence in PI's recovery potential. The $0.40 level now becomes a key retest point for the breakout's sustainability.

Ethereum Nears All-Time High as Solana Surges Past $190

Ethereum breached the $4,500 level while Solana briefly touched $191 on OKX before retracing slightly. Both assets outperformed Bitcoin in today's trading session, with ETH now within striking distance of its November 2021 all-time high of $4,878.26.

The rally comes as ethereum treasury companies have accumulated over $9 billion worth of ETH this year. Standard Chartered's Geoffrey Kendrick suggests these institutions may eventually hold 10% of all circulating supply. BitMine, already the largest ETH treasury holder with 1.15 million coins, filed to expand its purchasing program to $24.5 billion.

Spot Ethereum ETFs have contributed to the momentum, adding approximately $5 billion in market capitalization since their July 2024 launch. The products continue to attract institutional capital as the market anticipates further upside.