Major Pi Whale Accumulates $134M Amid Bullish Price Pattern

A major Pi Network investor has accumulated over 350 million Pi tokens in recent months, pushing his holdings to a value of more than $134 million at the current price of $0.3830. The investor, associated with the wallet “GAS…ODM,” has become the sixth-largest Pi holder by volume, with activity suggesting a contrarian accumulation strategy. The move has drawn attention from analysts, who view it as a sign of growing confidence in Pi Network’s long-term prospects [1].

The investor’s strategy aligns with a well-known investment philosophy: acting against crowd sentiment. “Be fearful when others are greedy and greedy when others are fearful” has become a recurring theme among those who purchase during downturns. As the Pi Network price declined on August 15 due to low demand and ongoing token unlocks, the whale’s continued accumulation may indicate a potential reversal in market sentiment [1].

Technically, the Pi Network price has formed a falling wedge pattern, a classic bullish formation in chart analysis. The pattern involves two descending trendlines that converge, and a breakout above the upper line typically signals a continuation of the upward trend. Pi has already broken above the wedge and retested the upper boundary, suggesting that bulls are maintaining control. Analysts now see $1 as a key resistance target, which is approximately 150% higher than the current price. However, this optimistic projection would require the price to remain above $0.3229, the all-time low [1].

The potential for a listing on major cryptocurrency exchanges like Binance or Upbit could also play a crucial role in Pi Network’s price trajectory. At present, OKX is the only tier-1 exchange supporting Pi, with BitMart, Gate, and MEXC also offering the token. The absence of listings on larger platforms is partly due to concerns over token centralization and unmet listing requirements. A listing on a major exchange could significantly increase liquidity and visibility, potentially sparking a short-term price surge [1].

Despite the positive technical signals and accumulation patterns, it is important to clarify that the $1 price target is a forecast, not a guarantee. Analysts have not provided a detailed roadmap for achieving this level, and market conditions can shift rapidly. Investors are urged to approach the potential upside with caution, weighing both the risks and rewards inherent in speculative assets [1].

Separate market developments, such as the recent price movements of Chainlink and Stellar, or announcements from companies like Circle and Stripe regarding new Layer-1 blockchain protocols, are not directly relevant to Pi Network’s trajectory and should not be conflated when evaluating its performance [3][4].

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Source:

[1] Analyst Eyes $1 Target as Pi Network Price Forms Bullish Pattern (https://blockonomi.com/analyst-eyes-1-target-as-pi-network-price-forms-bullish-pattern/)

[2] Pi coin approaches critical resistance level (https://www.facebook.com/groups/145****824877895/posts/1955989811893158/)

[3] Chainlink Price Hits $24 as Traders Eye Next Bullish Rally ... (https://coincentral.com/chainlink-price-hits-24-as-traders-eye-next-bullish-rally-targeting-47/)

[4] Why Circle, Stripe opt for new Layer-1 protocols over ... (https://www.fxstreet.com/cryptocurrencies/news/why-circle-stripe-ditch-ethereum-for-new-layer-1-enterprise-grade-protocols-202508151658)