{"id":40305,"date":"2025-08-04T12:01:54","date_gmt":"2025-08-04T12:01:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40305"},"modified":"2025-08-04T12:01:54","modified_gmt":"2025-08-04T12:01:54","slug":"pi-networks-price-plummets-by-20-weekly-but-this-mysterious-whale-keeps-buying-pi-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40305","title":{"rendered":"Pi Network\u2019s Price Plummets by 20% Weekly, but This Mysterious Whale Keeps Buying Pi: Details"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">An unknown large investor has accumulated millions of PI tokens amid the asset\u2019s price decline over the past few months.<\/span><\/li>\n<li>PI\u2019s RSI has dipped into oversold territory, hinting at a potential rebound. In addition, token balances on exchanges have slightly declined in recent days, suggesting reduced sell pressure.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI_CB-32.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-407144\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI_CB-32.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI_CB-32.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI_CB-32-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI_CB-32-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI_CB-32-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI_CB-32-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>This Whale Is on the Move<\/h2>\n<p><span data-preserver-spaces=\"true\">The latest correction of the crypto market only intensified the unsatisfactory condition of Pi Network\u2019s PI. Its price recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/another-day-another-atl-for-pi-networks-pi-who-is-selling\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">plunged<\/span><\/a><span data-preserver-spaces=\"true\"> to a new all-time low of $0.34 before slightly rebounding to the current $0.35, which represents a 21% decline on a weekly scale.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_407143\" aria-describedby=\"caption-attachment-407143\" style=\"width: 523px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-Price-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-407143\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-Price-1.png\" alt=\"PI Price\" width=\"523\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-Price-1.png 841w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-Price-1-300x229.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-Price-1-768x587.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-Price-1-50x38.png 50w\" sizes=\"auto, (max-width: 523px) 100vw, 523px\"><\/a><figcaption id=\"caption-attachment-407143\" class=\"wp-caption-text\">PI Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Despite the negative performance, some factors suggest the free fall may stop in the short term. Over the last several months, a mysterious whale known as \u201cGAS\u2026ODM\u201d has accumulated 350 million PI tokens.<\/span><\/p>\n<p>X user Cobak <a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CobakOfficial\/status\/1952207051192725936\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">revealed<\/span><\/a><span data-preserver-spaces=\"true\"> that the large investor is now the sixth-biggest holder of the asset, sparking rumors about the potential identity behind the wallet.\u00a0<\/span><span data-preserver-spaces=\"true\">Some of the theories include the Pi Network Foundation or even a major exchange preparing for a future listing.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last month, the PI community <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/pi-network-pi-to-debut-on-binance-next-month-heres-the-latest-rumor\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">noted<\/span><\/a><span data-preserver-spaces=\"true\"> \u201cunusual activity\u201d in Binance\u2019s hot wallets, assuming that the company could be the next to embrace the coin. Some members are eyeing August 15 as a potential date for the move.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Recall that Binance <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/binance-listing-pi-token-soon-community-has-the-final-say\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">issued<\/span><\/a><span data-preserver-spaces=\"true\"> a vote in February to determine whether its users want to see PI available for trading on the platform. The vast majority were supportive, but the exchange has yet to respect their wish.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Listing from the crypto behemoth would most likely have a positive impact on the price of PI due to increased liquidity, improved accessibility, and the provided reputational shot. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The whale activity (even if Binance is not the entity behind it) is a generally bullish development since it reduces the amount of tokens available on the open market. <\/span><span data-preserver-spaces=\"true\">Fundamental principles of the economy dictate that the valuation should <\/span><span data-preserver-spaces=\"true\">head north<\/span><span data-preserver-spaces=\"true\"> if demand remains constant or <\/span><span data-preserver-spaces=\"true\">rises<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> Moreover, the actions of the large investor may also stimulate smaller players to join the ecosystem.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Additional Bullish Factors<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Last week, the amount of PI tokens stored on crypto exchanges <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/pi-networks-pi-price-crashed-to-an-all-time-low-is-there-light-in-the-tunnel\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">hit<\/span><\/a><span data-preserver-spaces=\"true\"> a new all-time high of over 405 million. In the following days, there has been an evident shift in that trend, and the figure now <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/piscan.io\/core-team-cex-statistics\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">stands<\/span><\/a><span data-preserver-spaces=\"true\"> at approximately 400.4 million. Typically, a declining balance on centralized platforms reduces immediate selling pressure \u2013 and vice versa.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">PI\u2019s Relative Strength Index (RSI) also suggests that a rebound could be incoming. The technical analysis tool measures the recent speed and magnitude of price changes to help traders identify possible reversal points. Readings below 30 indicate that the asset is oversold and may be due for a resurgence, while readings above 70 are considered bearish territory. Currently, the RSI points to 25.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_407142\" aria-describedby=\"caption-attachment-407142\" style=\"width: 10250px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-RSI-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-407142\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-RSI-1.png\" alt=\"PI RSI\" width=\"10250\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-RSI-1.png 820w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-RSI-1-300x12.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-RSI-1-768x30.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/PI-RSI-1-50x2.png 50w\" sizes=\"auto, (max-width: 10250px) 100vw, 10250px\"><\/a><figcaption id=\"caption-attachment-407142\" class=\"wp-caption-text\">PI RSI, Source: TradingView<\/figcaption><\/figure>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/pi-networks-price-plummets-by-20-weekly-but-this-mysterious-whale-keeps-buying-pi-details\/\">Pi Network\u2019s Price Plummets by 20% Weekly, but This Mysterious Whale Keeps Buying Pi: Details<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR An unknown large investor has accumulated millions of PI tokens amid the asset\u2019s price decline over the past few months. PI\u2019s RSI has dipped into oversold territory, hinting at a potential rebound. In addition, token balances on exchanges have slightly declined in recent days, suggesting reduced sell pressure. This Whale Is on the Move [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40305","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40305"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40305\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}