Whales continue to accumulate
In the past two months, a large investor who has great confidence in the Pi Network has quietly continued to increase their holdings of PI coins, with a total amount now exceeding 276 million, worth nearly 180 million USD. Despite the stagnant market performance, this blindly confident whale continues to enter the market against the trend, making a significant impact.
According to Pi Scan data, this whale account has withdrawn over 13 million PI coins from a mainstream exchange in just one week, with the latest transfer of 7.38 million coins occurring less than 10 hours ago. This activity reinforces the market discussion about the long-term value of PI coins, although there has not yet been a clear direction in price in the short term.
(Source: piscan)
The price has fallen into a consolidation range.
After reaching a peak of about $1.67 in May, the price of PI coin has rapidly fallen by over 60% in the past month, with a sharp drop of 17% last week alone. As of the time of writing, the price hovers between $0.6 and $0.68, indicating that the market has entered a period of wait-and-see. In the future, attention should be paid to the resistance levels above, around $0.66 - $0.7, as a successful breakthrough could lead to a wave of price increase.
Price Prediction of PI
Through AI model data calculations, referencing past PI prices and related information, predictions for future prices are made, solely for data sharing and not as investment advice. Refer to the following chart:
PI price prediction trend
PI Price Prediction and Confidence Interval
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Summary
Long-term holders and whales exhibit a strong belief in the future value of PI coin. Before the bulls clearly take control of the rhythm, investors should remain vigilant and respond cautiously to potential fluctuations. In summary, Pi Network is at a crossroads; whether it can break free from the oscillating pattern depends on the dual push of subsequent capital momentum and market sentiment.
