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A cryptocurrency expert, Dr. Altcoin, has brought to light an intriguing strategy employed by the Pi Core Team (PCT) to stabilize the price of Pi Coin following its recent unlock event. According to Dr. Altcoin, a sub-wallet linked to the PCT has been actively acquiring substantial amounts of Pi Coin from centralized exchanges in a move aimed at mitigating potential price volatility.
Dr. Altcoin revealed on X that this particular sub-wallet, created just two months ago, has already amassed an impressive 48.5 million Pi Coins, valued at approximately $31 million. A significant portion of these holdings was reportedly sourced directly from centralized exchanges. This aggressive accumulation comes amid concerns within the Pi Network community regarding a potential price crash following the unlock event, which made previously unavailable Pi Coins tradable.
Question Asked: Who owns the sub-wallet:
— Dr Altcoin (@Dr_Picoin) April 23, 2025
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My Answer:
Short: The Pi Core Team. For more details, read below.
The Pi Core Team owns around 20,000 wallets, and Pi Foundation 2 is one of the known wallets created by the Pi… pic.twitter.com/s5Eiga7jYb
Sub-Wallet Accumulation: A Short-Term Solution?
Dr. Altcoin posits that this mass purchasing of Pi Coin by the PCT-affiliated sub-wallet represents a deliberate attempt to provide a cushion against downward price pressure. He suggests that this strategy of buying directly from exchanges is a more effective short-term tactic for the Pi Network compared to burning tokens, another common method used to influence cryptocurrency prices.
“This sub-wallet only recently began accumulating Pi and currently holds around 48.5 million coins,” Dr. Altcoin stated. “It’s a smart alternative to burning tokens, but it is only a short-term strategy.”
Price Holds Steady, Long-Term Concerns Loom
Currently, the PCT’s efforts appear to be yielding positive results. The Pi Network price has shown resilience, trading above $0.6 after experiencing a nearly 6% increase over the past day. Furthermore, trading volume has surged by over 53%, reaching $116.4 million. This positive momentum is also fueled by reports of large-scale Pi Coin transfers from exchanges, sparking enthusiasm among some investors who hope to see the price reach $5.
Also Read: Pi Coin Faces $1 Test Ahead of 223M Token Unlock — Can Bulls Hold the Line?
However, Dr. Altcoin raises a critical question about the sustainability of this strategy. “The million-dollar question is: Can the PCT afford to keep buying Pi from CEXs to stabilize the price, or are there better long-term plans in place?” he questioned.
The expert warns that if the PCT cannot maintain its purchasing activity, a significant price drop to around $0.3 remains a distinct possibility. Adding to the uncertainty, reports of “shady activity” on the Banxa platform could introduce further volatility in the near future, leaving investors looking to the PCT for continued price support.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
