Pi Whale Accumulation Rises to 4.5% as Exchange Reserves Drop 20%

Pi Coin has attracted significant whale activity as of August 2025, with large investors acquiring a growing share of the cryptocurrency’s circulating supply. According to recent on-chain data, whale accumulation has increased to approximately 4.5% of Pi’s circulating supply, signaling strategic positioning amid broader outflows from exchanges [2]. Over the same period, exchange reserves for Pi have dropped by 20%, suggesting a shift in liquidity as larger holders consolidate their positions [3]. This divergence between whale behavior and exchange outflows is seen as a potential sign of market stabilization or even a bullish reversal, as whales are typically viewed as indicators of long-term confidence in an asset [2].

The accumulation has coincided with Pi’s Open Mainnet upgrades, which have altered the project’s market dynamics. Despite the absence of official commentary from Pi’s leadership, including its Stanford PhD-led team of Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, the network has seen notable price movements. Pi Coin briefly crossed the $0.40 mark amid these upgrades, marking an approximate 10% price increase [3]. This uptick has drawn attention from on-chain analysts, who suggest that whale accumulation and ecosystem improvements may be contributing to a renewed investor interest [3].

While Pi’s price remains far from its all-time high, it has shown signs of consolidation and a modest rebound of around 5% following a period of prolonged decline [1]. Technical indicators point to a potential bullish wedge pattern, a formation historically associated with upward price movement [1]. Analysts have also noted that whale accumulation, combined with upcoming token unlocks and incremental ecosystem enhancements, could drive further sentiment improvements and potentially catalyze a near-term recovery [3].

In contrast to Pi’s bullish whale activity, other major tokens have seen different patterns. For example, Shiba Inu (SHIB) has witnessed a 1,000% surge in whale outflows, highlighting the diverse and often fragmented nature of market sentiment across the crypto space [4]. Pi’s situation, however, appears more aligned with broader trends of large holders seeking undervalued assets in a bearish environment.

Despite these developments, Pi’s trading activity remains largely confined to IOU markets and nonstandard venues, and the project has not issued any official press releases regarding the recent market activity or leadership commentary. This lack of transparency has made it difficult to draw direct comparisons with more mainstream digital assets like ETH or BTC [3].

As the market continues to evolve, on-chain analytics remain a critical tool for understanding Pi’s trajectory. With no official forecasts or statements from Pi’s leadership to date, investors are left to interpret the signals provided by whale movements, exchange outflows, and price patterns. The convergence of these factors could provide a compelling narrative for those watching Pi’s potential for recovery.

Source: [1] Pi Price Sees Modest Rebound (https://www.facebook.com/photo.php?fbid=740519825527895&set=a.130****63246274&type=3)

[2] Pi Network Signals Bullish Reversal (https://www.facebook.com/groups/897138****11153/posts/3171****83015890/)

[3] Pi(PI)Price prediction (https://www.bitget.com/price/pi-network/price-prediction)

[4] Best Crypto To Buy Now To Turn $1000 Into Generational (https://coincentral.com/best-crypto-to-buy-now-to-turn-1000-into-generational-wealth-spoiler-its-not-shib-or-pepe/)