Pi Coin (PI) has extended its recent rally, climbing more than 25% over the past week and over 16% in the last 24 hours, according to market data.
At press time, PI is trading around $0.4295 with a market capitalization of $3.35 billion and daily volume exceeding $204 million. The move comes as traders weigh a mix of bullish speculation and ongoing token unlock dynamics.
Slower Token Unlocks Ease Pressure
PI’s circulating supply currently stands at 7.8 billion coins – less than 8% of its 100 billion maximum supply. August’s daily unlocks average 5.6 million tokens (around $2.4 million at current prices), down from June’s 7–8 million. This slowdown has helped reduce sell pressure in the short term. However, a total of 276 million PI ($119 million) is still scheduled for release this month, representing around 3.5% of circulating supply.
Historically, large unlock events have been followed by sharp price pullbacks – July saw a 13% drop after a 270 million PI release – meaning August could still bring volatility.
Centralization Concerns Still Loom
The Pi Foundation retains 20 billion tokens (20% of the total supply) and has full control over protocol upgrades. While 82% of the community voted in favor of a Binance listing earlier this year, the exchange has yet to proceed, reportedly due to centralization and audit concerns. That said, speculation has picked up again after PI’s wallet update introduced Binance Connect and P2P functionality.
Whales Tighten Supply
One notable whale wallet, “GAS…ODM,” has accumulated around 350 million PI – worth approximately $141 million – cutting exchange supply by 20% since July. Similar whale behavior in low-liquidity assets has historically preceded rallies, but if distribution begins near the $0.50 mark, momentum could fade quickly.
Building Utility for Long-Term Growth
Pi Network is actively working to shift the token’s appeal from speculation to real-world usage. New initiatives like Pi AI Studio and the $100 million Pi Ventures fund are designed to expand the ecosystem. Still, adoption remains modest, with only about 21,000 mainnet apps and limited transactional activity.
Technically, the market shows signs of accumulation, with RSI climbing from 38 to 59 and MACD holding bullish since early August.
Where Could Pi Go Next?
If whale accumulation continues and a major exchange listing materializes, PI could realistically push toward the $0.50–$0.55 range in the short term, potentially testing $0.60 if liquidity surges. A Binance listing in particular could drive a breakout toward $0.70, similar to historical exchange-driven rallies.
On the flip side, if August’s unlocks overwhelm buying pressure or if whales begin selling, a pullback to $0.38–$0.36 is possible before any renewed attempt at highs.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/pi-coin-price-jumps-over-16-in-a-day-as-whale-accumulation-builds/