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Key Insights:
- A crypto whale has accumulated millions of Pi coins amid the bearish outlook.
- A PI coin expert has shared that a whale wallet address has bought 350 million Pi coins in the ongoing dip, which are worth $125 million.
- Expanding Bollinger Bands suggest a possible bullish reversal in Pi Coin value.
It has been observed that the Pi coin value has kept falling since May 2025. It failed to hold major support during this period. However, whales and investors amid this market uncertainty have seized this dip as an opportunity by adding millions worth of Pi tokens.
Pi Coin Value and Whale’s Accumulation
A substantial accumulation of Pi coins by crypto whales amid this price dip raises the question whether this is an ideal buying opportunity, or PI price could fall even more.
According to the TradingView chart, since May 2025, Pi coin value has declined by over 78%. Amid this, a crypto whale has heavily accumulated PI tokens, as revealed by a crypto expert.
Recently, a Pi Coin advocate, Dr. Altcoin, shared a post on X (formerly Twitter) stating that a crypto whale wallet address, “GASWB…ODM,” has accumulated a significant 350.5 million Pi Coins. Their value was worth approximately $125 million at press time.
This notable accumulation follows a pattern of consistent buying, making this wallet one of the top Pi Coin holders.
As per the shared data, this wallet holder now ranks as the 6th largest Pi coin holder in the network, surpassing major exchanges like Bitget and MEXC.
The crypto expert tried to contact the Pi core team to clarify whether this wallet belongs to them or if it is just a crypto whale who has been seizing the dip as an opportunity.
At press time, the Pi coin value traded at $0.3578 and has slipped 2% over the past 24 hours. This continuous drop in PI price amid the ongoing market recovery led to reduced investor and trader participation.
The CoinMarketCap data also showed that PI’s 24-hour trading volume has slipped by 45% from the previous day.
Pi Coin Price Action and Technical Analysis
According to expert technical analysis, the Pi Coin daily chart appears to be forming a bullish pattern. It looks similar to the one observed in May 2025.
The chart reveals that Pi Coin’s Bollinger Bands have started expanding. They mirror earlier instances when the crypto asset recorded a 185% surge. During that period, Pi coin value soared from $0.58 to $1.67 in less than a week.
Meanwhile, the Bollinger Bands have expanded this time after the price fell to its lowest level of $0.32. This move raises concerns about whether history will repeat itself or if the price will continue to decline.
When writing, the Pi Coin price was at the lower boundary of the Bollinger Bands. If a rally begins, there is a strong possibility that PI price could see a jump of over 45% and reach the $0.505 level.
The reason behind this potential rally is the presence of a key resistance level at $0.505. Over the past few weeks, Pi Coin has attempted to breach this level multiple times but failed and ultimately slipped significantly.
This potential reversal or repetition of past performance is further supported by the Relative Strength Index (RSI), which is currently in oversold territory.
The RSI suggested that Pi Coin value may not have much downside left, or that the price is unlikely to fall much further. The current level appears to be a new bottom.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
