The Pi Network is back in the spotlight after a crypto whale reportedly moved 250 million Pi coins into a single wallet, igniting speculation across the community. According to a viral post on social media, this massive transfer triggered a shortage of Pi coins on the OKX exchange. The sudden scarcity has raised concerns about liquidity, prompting Bitget to allegedly step in with support measures—though these reports remain unconfirmed. The move coincides with a sharp rebound in Pi’s price, which has jumped over 10% in the last 24 hours and is currently trading at $0.80.
The whale acquired 250 million Pi into a wallet, causing significant scarcity on OKX. To ensure liquidity and price balance across exchanges, Bitget conducted a rescue operation for OKX. When scarcity peaks and rescue is no longer possible, Pi's value will skyrocket. pic.twitter.com/jLfU1pg93G
— Shah rah π (@shrh56108161) May 21, 2025
Bullish Price Targets: $1, Then $1.50 and Beyond
Despite its recent dip below $1, Pi Coin is showing early signs of a potential recovery. Crypto traders are closely watching the charts for a trend reversal. If bullish momentum continues and whales resist the urge to offload their holdings, analysts predict Pi could soon reclaim the $1 mark. Some forecasts go even further, suggesting that if buying pressure intensifies, Pi could rally to $1.50 or even $2 in the coming weeks. However, much of this depends on sustained demand and community sentiment.
Transparency Demands and Roadblocks
Still, the Pi Network faces major hurdles. A lack of listings on top-tier exchanges like Binance, Coinbase, and Kraken continues to limit its exposure and credibility. Additionally, the ecosystem lacks decentralized finance (DeFi) apps or any significant technological upgrades that could drive long-term utility.
Also Read: Will Pi Network’s $100M Venture Fund Fuel Mainstream Adoption? Here’s What to Expect
Concerns over transparency are also growing. Crypto influencer Dr. Altcoin recently accused the Pi Core Team of managing over 10,000 undisclosed wallets, raising fears of insider control and manipulation. Currently, only seven large wallets are publicly tracked, leaving investors uneasy about the true token distribution.
As Pi Coin gains traction and whale activity increases, investors are calling for greater accountability from the project’s leadership. Whether Pi can maintain its upward momentum—or stumble under pressure—will likely depend on how the team addresses these growing concerns.
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 your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
