Quick Summary:
- Pi Coin surged over 10%, now trading at $0.80.
- Rumors claim a whale transferred 250M Pi tokens, sparking scarcity fears.
- OKX and Bitget exchanges allegedly involved in managing liquidity.
- Price predictions target $1, $1.5, and possibly $2 if momentum continues.
- Concerns rise over hidden wallets allegedly controlled by the Pi Core Team.
- Calls for greater transparency flood social media.
Whale Moves and Market Panic
Pi Network is back in the crypto spotlight. After a steep drop below the $1 mark, Pi Coin is showing signs of recovery, spiking more than 10% in just 24 hours. The catalyst? A viral claim that a crypto whale recently moved 250 million Pi tokens into a private wallet — triggering fears of token scarcity on OKX exchange.
The same post alleged that Bitget intervened with a rescue operation to stabilize the market, though this claim remains unverified.
Will Pi Hit $1, $1.5… or $2?
With investor excitement building, many in the Pi Coin community believe this is just the beginning of a bullish breakout. If current buying pressure holds and whales remain inactive, analysts and traders say Pi could reach $1 soon, and possibly $1.5 or $2 in the near future.
Transparency Issues Surface
But not all is rosy. Despite the price action, concerns about transparency within the Pi Network are intensifying. Influencer Dr. Altcoin recently claimed:
“The Pi Core Team controls over 10,000 hidden wallets. Investors must demand transparency and stop blindly trusting official statements.”
At present, only seven large wallets are publicly tracked, leaving many investors uneasy about the true token distribution.
Major Roadblocks Ahead
Even as Pi Coin shows bullish momentum, the project still faces major hurdles:
- No listings on top-tier exchanges like Binance, Coinbase, or Kraken.
- No active DeFi ecosystem or large-scale dApp development.
- Ongoing skepticism about how much Pi the team holds — and who really controls it
Final Thoughts
While Pi Coin’s recent surge is energizing its loyal community, uncertainty looms over the project’s future. Without more transparency and wider adoption, this momentum might be short-lived. Still, all eyes are on the $1 resistance level — and whether Pi can finally break past it for good.