Pi Network Price Falls as Mysterious Whale Halts Pi Coin Purchases

Jakarta, Pintu News – Pi Network’s price has plummeted more than 90% from its highest level since the mainnet launch in February. This sharp decline has caused its market value to shrink by $18 billion, leaving its valuation at just $2 billion.

Pi Coin is expected to continue to fall, especially since one mysterious “whale” who was previously actively buying has now stopped accumulating. Then, how is the current Pi Network price movement?

Pi Network Price Drops 2.7% in 24 Hours

On October 3, 2025, the price of Pi Network was recorded at $0.262, a decrease of 2.7% in 24 hours. If converted to the current rupiah ($1 = Rp16,616), then 1 Pi Network is Rp4,353.

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During the day, the price moved in the range of $0.2612 to $0.2699, reflecting relatively low volatility but still under bearish pressure.

This decline is also reflected in Pi’s market cap which has now shrunk to around $2.15 billion, while the fully diluted valuation if the entire token supply is outstanding stands at $3.32 billion. The trading volume in the last 24 hours stood at around $33.89 million, which is fairly low for a project with such a large capitalization.

Pi Network Price could Plummet as Whales Stop Buying

One of the main driving factors in the recent movement of the Pi Network price is the accumulation action by a mysterious whale. Based on data from PiScan, this whale is recorded as buying Pi coins almost every day.

The purchase has seen his total holdings exceed 383 million coins, which is currently worth more than $101 million. He is now the second largest Pi Coin holder after the Pi Foundation, which owns over 90 billion coins.

But lately, the whale seems to have stopped his accumulation spree. His last purchase was recorded ten days ago, when he transferred 1.4 million tokens worth about $380,100 from OKX to a personal wallet.

There are three possible reasons behind this pause. First, the whale may be taking a break after buying more than $100 million worth of coins in less than 30 days.

Secondly, the investor may have reached his accumulation target – a common occurrence. Thirdly, it’s possible that he’s started to change his view on Pi Coin, and could have started selling. This is corroborated by the small transaction activity he has made to one account in the last three days.

Meanwhile, the price of Pi Network continued to fall as interest from investors weakened. According to CoinMarketCap data, daily transaction volume fell 20% to $30 million – a relatively small number for a coin with a valuation of over $2 billion.

Read also: Ethereum Hits $4,500 Today as Crypto Whale Snaps Up 840,000 ETH!

This price drop occurred despite Dr. Chengdiao Fan, co-founder of Pi Network, speaking at the TOKEN2049 event in Singapore. The price drop is likely due to the absence of new information from Dr. Fan regarding the future of Pi Coin, such as tokenomics details or plans for listing on exchanges.

Technical Analysis of Pi Coin Price

On the daily time frame chart (2 Oct), it can be seen that the price of Pi Coin fell through the important support level of $0.3173 in September, as the overall crypto market plummeted.

But unlike other coins, Pi remains in a deep bearish trend – largely due to the cessation of accumulation from the whales. In addition, the token unlock process is also getting faster, adding to the selling pressure.

The Pi Network price is currently forming a bearish flag pattern, which technically often signals a continued decline. This pattern consists of a vertical line (previous sharp decline) and a horizontal channel (consolidation phase).

Technically, Pi is also still trading below its 50-day and 100-day moving averages, indicating thatbear pressure is still dominating the market.

Given these conditions, Pi Coin’s price projections for 2025 are likely to be bearish, with the next target being $0.1837 – the year-to-date low reached in September. If the price breaks this level, it is likely to drop further, possibly even to $0.10.

Conversely, if the price manages to break the resistance at $0.3173, then the bearish outlook could be considered invalidated. This would signal an increase in demand from investors, and could open up opportunities for a trend reversal.

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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. Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying. Accessed on October 3, 2025