The general crypto markets swung sideways on Easter Monday, but some big players, popularly known as whales, are dipping their fins into these calm crypto waters before anticipated market moves. The mobile mining pioneering Pi Network (PI) has been caught up in the mix, finding its foot above $0.63 as crypto & stock markets stabilize after global tariffs.
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Moreover, the 35 million-strong Pi coin community is buzzing about the potential Binance listing of Pi Network (PI) on their Spot services. Certainly, the mobile mining altcoin has been on a downward slope ever since Binance didnโt immediately list Pi coin (PI) after the almost unanimous voting on Binance Square, resulting in community outrage.
However, certain large crypto players feel like the fortune is back with Pi Network (PI), judging by the massive purchases over the past few days. To illustrate, one crypto whale scooped up 48 million Pi coins from OKX, worth approximately $31,000,000, contributing towards a widening hole in supply on centralized crypto exchanges (CEXs).
Motives Behind Big Pi Network Whale Move
Plausibly, the move can be explained by the anticipation of Pi coinโs eventual listing on Binance. Currently, the easy mining crypto is listed on a selection of exchanges like OKX, Bitget, Gate.io and MEXC, but lacks support from the biggest brands in the industry, such as Bybit, KuCoin & Coinbase.
Amid these events, Pi Networkโs flagship token has entered an oversold condition, as the Stochastic Relative Strength Index (StochRSI) hovers between 44.90 and 40.34. Meanwhile, the narrowing Bollinger Bands (BOLL) are hinting at consolidation between $0.61 and $0.65 for a while, but a confirmed listing from Binance could turn the tables around.
Aside from the navigated case of a whale bagging up 48 million Pi coins in three days, other whales have woken up too. According to the Chaikin Money Flow (CMF) indicator, a positive shift since April 19, 2025 has been spotted, keeping the CMF meter above zero at most times.
While this doesnโt imply strong bull power, it solidifies Pi coinโs consolidation efforts after the uncanny geopolitical conditions and massive unlocks scared off some investors. This made Pi Network drop below cryptoโs TOP 30 by global market cap, despite being a TOP 10 contender in the first week since launch this February.
On The Flipside
- There are 209,588,087 Pi coins slated for linear Pi Network unlocks over the next 30 days, inflating the market with approximately $132 million, according to PiScan.io blockchain explorer.
Why This Matters
Huge investor moves like the 48M Pi coin acquisition from OKX often precede a stronger price trend, while major exchange listings tend to boost the coinโs credibility and market capitalization.
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