Pi Network Price Predicted to Volatile Due to Unusual Activity at Banxa, Here’s What Analysts Say!

Updated

April 21, 2025

Gambar Pi Network Price Predicted to Volatile Due to Unusual Activity at Banxa, Here’s What Analysts Say!

Jakarta, Pintu News – Pi Network is facing potentially significant price volatility following suspicious activity on its cryptocurrency trading platform Banxa.

A cryptocurrency analyst who goes by the pseudonym Dr. Altcoin warned that the increased creation of new accounts with small Pi balances could destabilize Pi Network’s price.

Check out the full analysis below!

Dr. Altcoin Reveals Potential Price Volatility

#Banxa is creating many new accounts, each with a balance of 0.98 Pi. This could lead to price volatility soon. pic.twitter.com/Z4zxgp8Cgg
— Dr Altcoin (@Dr_Picoin) April 17, 2025

Dr. Altcoin, a pseudonymous cryptocurrency analyst, recently revealed through a post on X that coordinated account activity on Banxa could affect the price stability of Pi Network. According to him, Banxa allows the creation of many new accounts that are all financed with a small Pi Coin balance.

Each of the new accounts had a balance of 0.98 Pi, which is worth about $0.61. Dr. Altcoin added, “Banxa created many new accounts, each with a balance of 0.98 Pi. This could cause price volatility.” While it is not yet known who is behind this coordinated account creation, Dr Altcoin emphasized that extreme price volatility could occur.

irst, small wallets have been involved in trade laundering schemes to simulate fake market activity. Secondly, the coordinated sale of Pi Coins in such wallets may create artificial selling pressure for the Pi Network.

Also read: Shiba Inu Makes a Splash with the Slogan “SHIB is for Everyone”, What Happened?

Whale Pi Network Activity Increases

While Banxa’s account bought a very small amount of Pi, the whales on Pi Network increased their holdings with massive purchases. The number of Pi Coins on the exchange dropped from 365 million to 359 million in less than 48 hours. The drop of 6 million Pi Coins from the exchange is considered a sign that whales are accumulating the asset.

For now, it remains unclear whether this whale activity is related to the account activity on Banxa. If it is connected, a classic pump and dump scheme may be in the works for Pi Network pricing. This whale activity comes amidst the unlocking of 10 million Pi with 213 million Pi Coins that will be unlocked in April.

Pi Network Price Outlook and Speculation

Currently, the Pi Network price is trading at $0.6 and has not shown any signs of significant price volatility. Pi Network’s momentum is building to new levels, showing indicators of a return to the $1 mark. There is speculation that Pi Coin could reach a peak of $30 if major banks start using Pi with chain link integration driving a short-term spike to $3.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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