Pi Network (PI) Price Prediction: Pi Network Whales Stir the Market as $1 Breakout Forecast Gains Momentum

The Pi Network Coin has been at the center of renewed interest after recent on-chain data revealed that crypto whales quietly accumulated over 41 million PI tokens, equivalent to approximately $27 million, within a two-day span.

This large-scale movement off exchanges has sparked fresh speculation that Pi Network could be gearing up for a bullish reversal, potentially setting the stage for a long-anticipated breakout toward the $1 mark.

Whale Activity Ignites Bullish Sentiment

Over the past 48 hours, whale wallets have withdrawn tens of millions of PI coins from centralized exchanges like OKX, a move analysts often interpret as a sign of accumulation rather than imminent sell-offs.

A single whale has accumulated over 48 million PI, worth $31 million, draining OKX reserves and intensifying the supply squeeze. Source: Pi News via X

One crypto analyst monitoring blockchain data via PiScan noted that “a total of more than 20 million PI have been taken off exchanges,” suggesting that significant investors are positioning themselves for an upward move.

The statement shows a whale has snapped up 48M+ PI from OKX, tightening the exchange supply amid rising demand. Source: Pi News via X

“Whale accumulation in this magnitude is rarely coincidental,” said a market observer. “It often indicates rising confidence in the long-term value of the Pi crypto asset.”

Consolidation Continues as Eyes Turn to Resistance Levels

Despite the whale activity, the Pi Network price has been trading sideways around $0.63. Technical indicators suggest the formation of a double-bottom pattern with resistance building at the $0.645 level. A breakout above this threshold could push the PI Coin price toward the next major resistance at $0.7857. Should that happen, momentum could carry Pi Coin value toward the symbolic $1 level.

The Relative Strength Index (RSI) for PI/USDT stands at 47—neither oversold nor overbought—while the Average Directional Index (ADX) is hovering at 20, indicating a low-trend strength and further confirming the ongoing consolidation.

Analysts Eye $5—But Conditions Apply

While Pi is down nearly 80% from its previous high of nearly $3, some analysts remain optimistic about its long-term trajectory. “Pi Network’s path to a $5 valuation has just begun,” tweeted PiMigrate, a popular voice within the community. Another analyst, Moon Jeff, supported the forecast, citing a strong support zone near $0.60 and a bullish chart formation.

Massive PI withdrawals from exchanges signal growing adoption, fueling predictions of a potential surge to $5. Source: MOON JEFF via X

However, experts also caution that for the PI Coin market to sustain such gains, the network must address a number of structural concerns, including its tokenomics and real-world utility.

Tokenomics Concerns and Unlocking Pressure

One of the biggest challenges facing the Pi Network Coin price is its supply dynamics. Nearly 1.5 billion tokens are expected to unlock over the next 12 months, equivalent to approximately $83 million at today’s prices. This means around 130 million tokens may flood the market monthly, raising concerns about potential price dilution.

Compounding this issue is the fact that roughly 35 billion PI tokens remain in the hands of the core team, compared to 65 billion distributed to early adopters and the wider community. This centralization of supply has led to increased scrutiny and cautious sentiment among investors.

Ecosystem Development and Exchange Listings: A Critical Juncture

For Pi Network to realize its price potential, including bullish projections for the PI Coin worth, analysts agree that broader ecosystem development is essential. More decentralized applications (dApps) must emerge on the Pi blockchain, and real-world use cases for the Pi currency must become a reality. Without this, the Pi cryptocurrency value may remain speculative at best.

Pi Network Coin was trading at around $0.64, up 0.39% in the last 24 hours at press time. Source: Brave New Coin

The listing of Pi on major tier-1 exchanges such as Binance or Coinbase could be a game-changer. Recently, HTX teased a possible listing by featuring the Pi logo in a social media post, leading to heightened expectations. While PI currently trades on platforms like OKX, Gate, and MEXC, a high-profile listing could significantly boost visibility and trading volume in the Pi Network market.

All Eyes on Consensus 2025

A pivotal moment for Pi may arrive this May as Nicolas Kokkalis, the project’s founder, is set to speak at the Consensus 2025 conference in Toronto. With more than 20,000 attendees expected, including institutions managing over $4 trillion in assets—the event could place Pi Network in the spotlight.

Still, blockchain expert Dr. Altcoin has warned that for Pi to capitalize on this opportunity, the core team must complete key milestones such as Know Your Business (KYB) clearances and ensure mainnet Pi support for dApps. Past delays in KYB processing have already prompted some developers to shift their projects to other networks.

Market Outlook: Bullish Signals Amid Lingering Doubts

Despite encouraging signs like whale accumulation and positive technical formations, skepticism persists. “Hype can start a run, but only true progress keeps it going,” commented analyst Rananjay Singh. Without an open Pi mainnet, real-world adoption, and more robust infrastructure, many investors remain cautious.

Pi Network’s price is forming an ascending channel within a triangle pattern, signaling potential growth toward the upper range amid renewed buying interest. Source: TheHunters_Company on TradingView

Currently, the Pi crypto price sits at $0.63 with a market capitalization of over $4.3 billion. Price prediction models suggest a potential rise to $2.08 by May 21, 2025, representing a possible 228% increase. However, with the Fear & Greed Index registering a low 39 (Fear), it’s clear that investor sentiment is still restrained.

Final Thoughts

The Pi Network Coin appears to be at a crossroads. While recent whale activity and bullish forecasts hint at an impending breakout, especially if PI Coin can push past the $0.645 resistance, long-term growth will depend heavily on structural improvements, strategic listings, and ecosystem development. For now, Pi cryptocurrency investors are advised to watch the Pi Network news and mainnet progress closely before making bold moves.