Crypto Expert Exposes Pi Network’s Secret Strategy to Save Pi Coin Price!
Jakarta, Pintu News – A sub-wallet is buying up millions of Pi coins from centralized exchanges in a surprising way.
Crypto expert, Dr. Altcoin, revealed that the wallet is associated with the Pi Core Team (PCT) and is a bold attempt to stabilize prices on the Pi Network.
PCT-Related Sub-Wallet Buys 48 Million Pi Coins
According to crypto expert Dr. Altcoin, the Pi Core Team (PCT) began to step in to stabilize the Pi Network price after the Pi unlock event.
Read also: How Much is Pi Network to Rupiah Today (April 24)?
In a post on X, Dr. Altcoin revealed that PCT is buying millions of Pi coins from centralized exchanges through a sub-wallet.
Dr. Altcoin mentioned that the sub-wallet was on a massive buying spree, with purchases totaling 48.5 million Pi coins worth around $31 million. The sub-wallet itself was only created two months ago, and most of its Pi coins were purchased from centralized exchanges.
Reports of Pi Network prices plummeting post Pi unlock have raised concerns among the community.
To quell the anxiety, Dr. Altcoin explained that PCT is trying to buy millions of Pi coins from exchanges as a countermeasure. He considers this mass buying action as a better short-term strategy than burning Pi coins.
“This sub-wallet has just started accumulating Pi coins and currently has about 48.5 million coins,” said Dr. Altcoin. “This is a smart alternative to burning tokens, even if it is only a short-term strategy.”
Pi Network Prices Remain Stable, but Concerns Remain
Currently, the PCT’s (Pi Core Team) short-term strategy of buying Pi coins from centralized exchanges seems to be paying off.
As of April 23, 2025, Pi Network’s price was trading above $0.6 after recording a gain of almost 6% in the last 24 hours. Daily trading volume also increased by 53.86% to $116.4 million.
The community’s enthusiasm for Pi Coin’s potential to reach a price of $5 was heightened, especially after reports surfaced of whales removing 41 million Pi coins from exchanges.
Read also: Top 3 USA Crypto Ready to Boom – The Next Big Winners?
However, there are still concerns of a potential Pi Network price drop if PCT cannot continue to fund their Pi coin buying spree.
“The million-dollar question is: Can the PCT afford to keep buying Pi from the exchanges to maintain price stability, or is there a better long-term plan?”
If PCT is unable to continue buying Pi coins from exchanges, a sharp price drop to $0.3 could be a grim reality for Pi Network.
In addition, suspicious activity at Banxa also threatens investors with potential extreme volatility in the near future, so many are hoping PCT can be a buffer against this turmoil.
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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.
Reference:
- Coingape. Expert Unveils Pi Network Buying Strategy to Stabilize Pi Coin Price. Accessed on April 24, 2025
