Whale Activity Sparks Buzz in Pi Network Ahead of June 28 Update: Can Pi Coin Hit $1.2?

Jakarta, Pintu News – Pi Network is back in the spotlight after a big move from a “whale” sparked renewed interest.

As of June 11, 2025, the PI price stood at $0.6423, down 77.13% from its high of $2.98, but recent activity on the network suggests a possible change in direction.

200 Million PI Tokens Moved – What Happened?

A total of 200 million PI tokens were recently moved from liquidity reserves to private wallets, which sparked widespread speculation.

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According to renowned crypto analyst Moon Jeff, this movement appears to be an Over-the-Counter (OTC) purchase, a method often used by institutional investors to avoid market slippage.

“Silent accumulation like this usually indicates strong confidence from the big players,” Jeff said at X.

OTC transactions circumvent public exchanges and are typically conducted by large investors, indicating institutional interest and strategic accumulation in the Pi Network – even amidst sluggish market phases.

Pi Coin Price Analysis: A Volatile Journey

Citing the Coinpedia report (11/6), here is the Pi Network’s price journey since its launch:

• On launch day, February 20, the PI price closed at $0.86.
• Between February 20-26, PI prices soared 2,889.30%.
• As of March 31, PI prices had fallen 81.47% from their peak.
• From May 7-13, PI bounced back by 114.28%, only to drop again by 48.10% from May 14.
• Over the past 14 days, PI prices fell 14.3%; in the past 7 days, it fell 1.6%.
• In the last 24 hours, the price of PI rose 1% to $0.6423.

Pi Network Price Prediction: Can it Break $1.2?

Moon Jeff and other analysts believe that $1.2 is the next key resistance level. If it manages to break it, PI could head towards $2 in the short term.

However, not all analysts are optimistic. Dr. Altcoin recently criticized the Pi Core Team for lack of progress and poor communication.

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Some KYC-verified users even claim that they haven’t received their PI tokens, which adds to the concerns among the community.

Pi2Day: Will Binance Listing Announcement Be Announced?

All eyes are now on June 28, when Pi Network celebrates Pi2Day – a date known for major updates and community events.

According to rumors from the community, a listing announcement on Binance may be imminent, although this is still unconfirmed. Developments like this could drastically change the momentum of the market.

Overall, although PI is still far from its peak, the big move from the whales and the anticipation of Pi2Day could be the catalyst for a new price spike.

Investors are closely monitoring whether the $1.2 resistance level can be broken, or whether the continued problems in the Pi Network will continue to hamper its growth.

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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:

• Coinpedia. Pi Network Sees Major Whale Activity Before June 28 Update. Accessed on June 11, 2025