- Crypto whales have bought $14M worth of Pi Coin from OKX, fueling speculation of an upcoming major exchange listing.
- With a sudden supply spike and bullish technical indicators, Pi Coin is primed for potential growth.
In a bold move that has reignited speculation around Pi Network’s future, crypto whales have acquired a staggering $14 million worth of Pi Coin from centralized exchange OKX. The transaction involved 20 million Pi Coins—currently valued at $0.7458 each—and the tokens were quickly moved off the exchange into private wallets, signaling deliberate accumulation by deep-pocketed investors.
This sudden buying spree has stirred the Pi community, as it hints at a potential supply squeeze on exchanges. Such strategic moves often precede bullish rallies, especially when combined with broader market anticipation of a major listing.
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Adding fuel to the fire, PiCoin’s circulating supply recently surged by 5 billion, jumping from 7 billion to 12 billion. Despite the increase, exchange wallet balances have remained untouched. Analysts believe this points to a newly released liquidity pool—possibly preparing Pi Coin for entry onto a high-profile centralized exchange (CEX). Pi Barter Mall, a trusted community source, speculates this could be a setup for deeper liquidity and increased exposure.
The blockchain data confirms two key wallet addresses—GBPHFQE7GFKIRTSXJVQ56TVCXH7LYLVQBCPGE22NJ3JQPBTDBWW2DURB and GBAD3GDK7RKAMPLM2FELL3OI65QUCD45HAMMRKX2HZ6WEMV4EP2ORVTH—received the whale transfers, further validating the theory of strategic accumulation.
On the technical front, Coin is flashing bullish signals. After a recent price surge, it’s now consolidating between $0.58 and $0.59. Indicators like the RSI and stochastic RSI suggest a bullish breakout is on the horizon. The asset is currently forming the “C” leg of a butterfly pattern—a common reversal setup—while holding strong near the golden pocket at $0.5833, indicating that further upside could be imminent.
While no official word on a CEX listing has been issued, the on-chain activity, sudden liquidity injection, and technical strength paint a compelling picture: Pi Coin could be gearing up for a major move.
