{"id":60766,"date":"2025-04-21T10:40:10","date_gmt":"2025-04-21T10:40:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60766"},"modified":"2025-04-21T10:40:10","modified_gmt":"2025-04-21T10:40:10","slug":"pi-whale-made-a-huge-move-pi-network-price-surge-incoming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60766","title":{"rendered":"PI Whale Made a Huge Move: Pi Network Price Surge Incoming?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

A mysterious investor has recently scooped up over 48 million PI tokens, signaling strong confidence and potentially setting the stage for a rally.
\nHowever, nearly 210 million PI are set to be released in the next 30 days, and a possible wave of selling from early adopters could drag prices down.<\/p>\n

<\/a><\/span><\/h2>\n

This Whale Goes on a Buying Spree<\/h2>\n

In the past several hours, the cryptocurrency market has experienced an evident revival, with some leading digital assets charting significant gains. Bitcoin (BTC) surged<\/a> past $87,500, while Ethereum (ETH) hit $1,650.<\/span><\/p>\n

Pi Network (PI) is also <\/span>in the<\/span> green, albeit registering a more modest rise than most market leaders. <\/span>It currently trades at around $0.63 (per CoinGecko\u2019s data), meaning a 1.5% <\/span>uptick on a daily scale<\/span>.<\/span><\/p>\n

The increased whale activity<\/span>, though,<\/span> suggests the price might be on the verge of a further rally.<\/span> Earlier today (April 21), Pi News (a news channel dedicated to covering Pi Network activities) revealed<\/a> that a mysterious large investor purchased 7.5 million PI from the crypto exchange OKX and transferred the stash to an external wallet.<\/span><\/p>\n

The entity added that the same whale has accumulated more than 48 million tokens (worth over $30.5 million) in the past few days alone.<\/span><\/p>\n

Such actions reduce the token\u2019s supply on the open market and could positively impact the price (assuming overall demand stays the same or heads north).<\/span><\/p>\n

Additionally, the whale\u2019s buying spree could reflect strong conviction in PI\u2019s future price performance, <\/span>which could encourage<\/span> smaller players to <\/span>hop on<\/span> the bandwagon and inject fresh capital into the ecosystem.<\/span>\u00a0<\/span><\/p>\n

Keep in Mind the Token Unlocks<\/span><\/h2>\n

Contrary to the potential bullish narrative mentioned above, the major release of tokens could have the opposite effect. <\/span>CryptoPotato<\/span><\/em> previously <\/span>warned<\/span><\/a> that a substantial amount of PI will be freed up in the short term, giving early adopters a chance to cash out \u2013 a move that could put downward pressure on the price.<\/span><\/p>\n

Data <\/span>shows<\/span><\/a> that <\/span>almost 210 million tokens will be freed <\/span>up<\/span> in the next four weeks. April 30 <\/span>is expected<\/span> to be the record day, with 11.2 million PI scheduled for release.\u00a0<\/span><\/p>\n

It is worth noting that the <\/span>major<\/span> token unlock accelerated approximately a week ago. The move <\/span>coincided<\/span><\/a> with a double-digit price decline within an hour or so for Pi Network\u2019s native cryptocurrency.<\/span><\/p>\n

The post PI Whale Made a Huge Move: Pi Network Price Surge Incoming?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR A mysterious investor has recently scooped up over 48 million PI tokens, signaling strong confidence and potentially setting the stage for a rally. However, nearly 210 million PI are set to be released in the next 30 days, and a possible wave of selling from early adopters could drag prices down. This Whale Goes […]<\/p>\n","protected":false},"author":0,"featured_media":60767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60766"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60766"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60767"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}