
Jakarta, Pintu News – An anonymous investor known as a “whale” in the crypto world has been steadily adding to his holdings of Pi Network coins over the course of this month. This investor is now the sixth largest holder after several wallets controlled by the mysterious Pi Foundation.
According to Bankless Time, in the past month, the whale has amassed a total of 371.7 million Pi coins, worth more than $128 million. On Wednesday, he moved 304,572 Pi coins from the OKX exchange to private storage.

The previous transaction involved moving 3.73 million coins to private storage from OKX. Furthermore, in the last 12 days, the whale has purchased more than 7.4 million Pi coins worth more than $2.4 million.
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If the Pi Network price reaches $2.66, just a few points below the all-time high of $2.9, then this investor will become a Pi Network billionaire. Several potential catalysts could drive this price up.
One of them is the possibility that Pi Network developers will follow OKB’s lead by announcing a massive token burn. The price of OKB (OKB) jumped more than 300% after the announcement.
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Additionally, the potential listing on tier-1 crypto exchanges such as Binance, Coinbase, Bybit and Upbit could be another important catalyst. Many cryptos have experienced price spikes after being listed on exchanges. Pi Network, which hasn’t been listed on an exchange since the launch of its mainnet in February, has a chance to experience something similar.
From a technical perspective, the price of Pi coin has formed a falling wedge and double-bottom pattern. It is also in the accumulation phase according to the Wyckoff Theory, which signals a possible surge as it enters the markup phase.
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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.
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