Pi Coin Price Drops 4% as New Whale Buys 48 Million Tokens: What It Means for Investors

The post Pi Coin Price Drops 4% as New Whale Buys 48 Million Tokens: What It Means for Investors appeared first on Coinpedia Fintech News

Pi Coin’s price has dropped by more than 4% and is now trading at around $0.61. It’s currently moving sideways, stuck between resistance at $0.68 and support at $0.617. Technical charts, including the Ichimoku Cloud and RSI, show that the market is unsure about its next move.

There is a key resistance level at $0.706 — if Pi breaks above that, the price could quickly jump by 10%. Still, Pi Coin is down nearly 80% from its high earlier this year, making it one of the worst performers in the market right now.

However, something interesting is happening behind the scenes. A wallet named “GASW,” created on March 6, 2025, just bought 48 million Pi coins — and none of them are locked. This could mean that a major player, like a company, institution, or even a government, is getting involved.

Other Positive Catalysts:

Binance, one of the biggest cryptocurrency exchanges, has shared new listing guidelines that have caught the attention of the crypto world — especially fans of Pi Coin. Since the platform now has more direct rules for adding new tokens, many believe this could open the door for Pi Coin to be listed on Binance soon.

Meanwhile, the Pi Network team recently shared a roadmap for their migration process to improve transparency and respond to user concerns. However, the update left many disappointed, as it didn’t include details like how many users are still waiting or how many accounts can be migrated each day. Looking ahead, the Pi Network is set to attend the Consensus 2025 event, which could bring major news and updates for the Pi community.