Mysterious Whale Buys 350 Million Pi Network Tokens, What Happened?

Jakarta, Pintu News – Pi Coin’s price today, August 4, is at $0.354 after dropping 2.94% in the last 24 hours. The coin had touched a low of $0.32 on Friday. However, with the Bollinger bands starting to widen, the question arises: is this a sign of an imminent price recovery?

Pi Coin Price Aims for Recovery to $0.53

In the second week of May, Pi Coin’s Bollinger bands began to widen. Shortly after, Pi Network’s price jumped more than 65%, from $0.58 to $1.67 in just five days.

Read also: Whale Pi Network Raids 331 Million Pi Coin: Is This a Bullish Sign?

Similar widening is now happening again. After Pi Coin hit a low of $0.32 last Friday, the distance between the lower and upper Bollinger began to widen. If the pattern that occurred in May is repeated, this indicates that Pi Network is at a crucial point.

If the 65% rally in May is repeated, Pi Coin’s price could potentially touch $0.584. However, price movements rarely happen exactly the same as before. A more realistic scenario would be a rise towards the 61.8% Fibonacci level, which is around $0.58.

The RSI indicator also supports this projection. With oversold conditions, selling pressure from sellers is weakening. As the sell-off subsides, the price could potentially flatten around its new low, forming the foundation of a new bottom.

Even so, this analysis only applies to short-term movements. For long-term Pi Network price predictions until 2026 and above, further upside opportunities are still open.

Whale’s Mysterious Purchase of 350 Million Pi Coin could Trigger Price Recovery

One whale seems to be aggressively accumulating Pi Coin. To date, he has purchased over 350 million coins, which at current prices, is worth over $125 million.

What makes this whale stand out is the fact that it’s the largest wallet outside of the Pi Foundation’s holdings.

Read also: Pi Network Coin Holds Strong at $0.35 — Is a Recovery on the Horizon?

A vocal supporter of Pi Coin, Dr. Altcoin, revealed that this wallet is doing its accumulation through the CEX marketplace. Despite requests to verify whether the wallet is associated with the foundation, there has been no official clarification to date.

According to the analyst, this accumulation action shows long-term confidence in the price of Pi Coin. This makes sense considering that Pi Network recently adjusted the mining rate to its lowest level in order to boost market confidence.

This whale buying pace could also help withstand selling pressure from tokens that will soon be in circulation. This is because more than 155 million PI tokens are scheduled to be released from locked status during August alone.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Pi Coin Price Prediction As Mysterious Whale Buys 350M Tokens- Bollinger Bands Hint Recovery to $0.53. Accessed on August 5, 2025