Whales Empty Wallets, Pi Network $5 Price Prediction—Is It Madness or Reality?

by

In a twist that could only be described as bordering on delusional optimism, cryptocurrency experts are now daring to predict that Pi Network could hit a miraculous $5 mark, even though it currently lingers at a humble $0.63. This bold prediction follows the curious behavior of whales—yes, those creatures of the crypto deep—who withdrew a staggering 41 million Pi Coins in a mere 48-hour frenzy.

Analysts Are Suddenly Bullish (Or Just Really Hopeful?)

Enter PiMigrate, the cryptocurrency analyst who took to X to proclaim that Pi Network’s journey to $5 has “just begun.” This assertion is based on what they call “strong support at $0.60,” which, in their view, could serve as a launchpad for a rapid ascent to the lofty $5 goal. Support at $0.60? Sure, why not. Let’s go with that!

And then we have Moon Jeff, another crypto sage, who used fancy chart analysis to back up the grand claim. With a bullish chart setup in hand, he too added his voice to the chorus of “to the moon” enthusiasts. No need for caution, right?

$Pi to $5 journey just began. $PI has a very strong support at $0.6. $5 is a very possible valuation. Good utilities will push it up. #PiNetwork

— Pi Network News (@PiMigrate) April 20, 2025

Whale Activity: The Great Exodus From Exchanges

Hold onto your hats—because in case you missed it, whales (the rich, powerful investors) have been busy. According to reports, about 41 million Pi Coins—worth a cool $27 million—were removed from exchanges within a mere 48 hours. Specifically, 13 million coins mysteriously vanished from OKX, as if they had somewhere better to be.

Market experts—those elusive people who “know” things—suggest that this massive coin movement indicates that these whales are holding onto their stash instead of selling it in the short term. No one’s buying? No problem, they’ll just hoard the supply until they can strike. With fewer coins on exchanges, prices might just go up… If demand follows, that is. It’s a simple formula, really.

Technical Charts: The Waiting Game

For those who like to pretend they understand charts, some analysts are urging a bit of caution. Apparently, Pi Network must first form a “symmetrical triangle” pattern on higher timeframe charts before we can expect any further upward movement. Without that, it might just be all smoke and mirrors.

So, unless you’ve got a crystal ball (or access to a time machine), they suggest holding off on opening long positions. If prices wander outside the so-called triangle formation, short-selling might suddenly seem like a bright idea. Oh, the thrill of it all!

BREAKING:

HTX TAGGED THE $PI LOGO IN ITS LATEST TWEET

Does this mean that HTX will soon launch a $PI spot on CEX through KYB verification? #PiNetwork2025 #PiCoin

— The Times of PiNetwork (@PiNetwork24X7) April 18, 2025

Could Exchange Listings Save Pi’s Reputation?

And now, for the cherry on top—exchange listings. There’s talk that the Pi Coin could gain a precious spot on major cryptocurrency exchanges, which, in theory, could provide some upward pressure on its value. In particular, HTX stoked the fires of excitement with a cryptic post, and there’s a faint hope in the air that Binance, the crypto behemoth, might jump on board.

At the time of writing, Pi Coin remains at a dismal $0.63, down 3% in 24 hours, with trading volume plummeting by 36%. Even the Fear & Greed Index is staring into the abyss, reading at a moderate 39 (Fear). Yet, oddly enough, price prediction models still predict a rise to $2.08 by May 21, 2025—no big deal, just a cool 228% increase. So, grab your popcorn and stay tuned!

Read More

2025-04-22 05:14