Mystery Whale Buys 350M Pi Coins in $125M Trade

An unidentified "whale" wallet has acquired 350 million Pi Coins in a single trade, valued at over $125 million, marking one of the largest single-entity purchases in Pi Network’s history [1]. The acquisition occurred between April and August 2025, with major transfers observed on exchanges including OKX and Gate.io. The wallet is now among the top holders in the network, but no official confirmation has been released by the Pi Foundation regarding the identity or intent of the buyer [2].

The transaction has triggered significant market speculation, with on-chain analysts highlighting the whale’s strategic accumulation pattern. The purchase represents more than 3% of the circulating Pi supply, and its size has introduced volatility into the market [1]. On August 4, 2025, Pi Coin traded at $0.354, with some analysts suggesting Bollinger Bands may indicate a potential price rebound to $0.53, a level seen as a key psychological and technical resistance point [3].

While the whale’s purchase has been interpreted by some as a sign of confidence in Pi’s long-term value, others remain cautious. The token had dropped to an all-time low of $0.32 on the same day, amid broader bearish sentiment in the Pi Network [4]. Meanwhile, on-chain data shows that whales have locked up over 3.3 million Pi coins in a 24-hour period, indicating a reduction in daily unlocks from 9 million to just 590,000 tokens, which may signal a tightening of supply and a potential stabilizing effect on the token’s price [5].

Dr. Altcoin, an expert observer, noted that the whale’s behavior could serve as a potential long-term signal for investors. “This wallet holds 350.5 million Pi coins, currently valued at over $125 million,” he said. “Buying behavior as a possible long-term signal.” [2]

Despite the magnitude of the trade, no official statements or strategic disclosures have been made by Pi leadership, including co-founders Dr. Nicolas Kokkalis or Chengdiao Fan. Analysts have emphasized the need for continued market observation, particularly regarding the movements of large holders. The absence of official price forecasts or regulatory guidance further underscores the speculative nature of current market dynamics [6].

Market participants remain divided, with some viewing the whale’s actions as a bullish sign while others caution against over-optimism in the absence of transparent communication from Pi Foundation. The broader cryptocurrency market has not seen direct effects from the trade, though indirect conjectures have emerged regarding altcoins such as BTC and ETH.

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Source:

[1] CoinCentral - [https://coincentral.com/pi-coin-price-eyes-0-53-as-whale-buys-350m-tokens-amid-volatility/](https://coincentral.com/pi-coin-price-eyes-0-53-as-whale-buys-350m-tokens-amid-volatility/)

[2] CoinMarketCap - [https://coinmarketcap.com/community/articles/6891fa6a305a424e52fc54b9/](https://coinmarketcap.com/community/articles/6891fa6a305a424e52fc54b9/)

[3] CoinGape - [https://coingape.com/markets/pi-coin-price-prediction-as-mysterious-whale-buys-350m-tokens-bollinger-bands-hint-recovery-to-0-53/](https://coingape.com/markets/pi-coin-price-prediction-as-mysterious-whale-buys-350m-tokens-bollinger-bands-hint-recovery-to-0-53/)

[4] CoinCentral - [https://coincentral.com/pi-network-pi-price-drops-11-to-new-all-time-low-of-0-32-whats-next-for-pi/](https://coincentral.com/pi-network-pi-price-drops-11-to-new-all-time-low-of-0-32-whats-next-for-pi/)

[5] Facebook - [https://www.facebook.com/manuel.guevarra.369210/posts/whales-lock-33m-pi-coins-in-24-hours-as-daily-unlocks-drop-from-9m-tokens-to-59-/736844625895415/](https://www.facebook.com/manuel.guevarra.369210/posts/whales-lock-33m-pi-coins-in-24-hours-as-daily-unlocks-drop-from-9m-tokens-to-59-/736844625895415/)

[6] CoinStats - [https://coinstats.app/news/3d423236689604eb0743127e49be0509d42a4e36f02933b7081b87bcb24ce6a2_Pi-Coin-Price-Prediction-As-Mysterious-Whale-Buys-350M-Tokens--Bollinger-Bands-Hint-Recovery-to-%24053/](https://coinstats.app/news/3d423236689604eb0743127e49be0509d42a4e36f02933b7081b87bcb24ce6a2_Pi-Coin-Price-Prediction-As-Mysterious-Whale-Buys-350M-Tokens--Bollinger-Bands-Hint-Recovery-to-%24053/)