{"id":43552,"date":"2025-08-22T10:46:51","date_gmt":"2025-08-22T10:46:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43552"},"modified":"2025-08-22T10:46:51","modified_gmt":"2025-08-22T10:46:51","slug":"pi-networks-major-announcement-ethereum-and-cardano-whales-go-crazy-bits-recap-august-22","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43552","title":{"rendered":"Pi Network\u2019s Major Announcement, Ethereum and Cardano Whales Go Crazy: Bits Recap August 22"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">The team behind Pi Network introduced a special initiative that will last until mid-October. Despite the development, PI\u2019s price continues to underperform.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\"> Ethereum whales bought over $1.7 billion worth of ETH during the recent pullback, signaling confidence in the long-term rally.<\/span><\/li>\n<li>Large investors owning ADA were also active, adding 150 million tokens to their holdings in the last two weeks.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Recap_CB-20.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-409690\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Recap_CB-20.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Recap_CB-20.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Recap_CB-20-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Recap_CB-20-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Recap_CB-20-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Recap_CB-20-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Pi Network\u2019s Latest Initiative<\/h2>\n<p><span data-preserver-spaces=\"true\">The controversial crypto project recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/massive-pi-network-announcement-as-big-prizes-await-users-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">organized<\/span><\/a><span data-preserver-spaces=\"true\"> a Hackathon, which enables users to receive rewards in the form of the native token PI. All members willing to participate in the initiative are required to complete the necessary Know-Your-Customer (KYC) procedures.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Pi Network team officially <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/attention-pi-network-users-heres-why-august-21-is-a-crucial-date-for-all-pioneers\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">launched<\/span><\/a><span data-preserver-spaces=\"true\"> the Hackathon on August 21 and explained that the latest submission is due on October 15.\u00a0<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cThis hackathon invites developers to build and deploy meaningful Pi Apps that empower real-world utility using Pi and help shape the ecosystem \u2013 and compete for a chance to win up to 160,000 Pi in total prizes,\u201d the announcement reads.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">PI\u2019s price failed to post any substantial gains following the disclosure and remains in red territory on a weekly scale. As of this writing, it trades at approximately $0.36 (according to CoinGecko\u2019s data), representing a staggering 88% decline compared to its all-time high of around $3, witnessed in February.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, PI\u2019s market capitalization tumbled well below $3 billion, putting the asset\u2019s place among crypto\u2019s top 50 club at risk.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">ETH Whales Embrace the Correction<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The price of the second-largest cryptocurrency has also slipped in the past week and currently trades at roughly $4,320. Nonetheless, <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> factors, such as the increased whale activity, suggest that the bull run might be far from over.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As <em>CryptoPotato<\/em> recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ethereum-whales-unfazed-by-the-correction-heres-how-much-they-bought\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\">, those investors purchased 400,000 ETH during the latest pullback. The accumulated stash amounts to around $1.7 billion, demonstrating <\/span><span data-preserver-spaces=\"true\">strong<\/span><span data-preserver-spaces=\"true\"> conviction among these market participants.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Furthermore, big buys reduce the amount of tokens available on the open market, while smaller players may be encouraged to join the ecosystem as well.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What About ADA Whales?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Large Cardano investors also increased their exposure during the turbulent times. The popular X user Ali Martinez revealed that they <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1958803577473736765\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">scooped up<\/span><\/a><span data-preserver-spaces=\"true\"> 150 million tokens over the past two weeks. Interestingly, <\/span><span data-preserver-spaces=\"true\">66% of that amount was <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/100000000-ada-snapped-up-by-whales-in-24h-whats-next-for-cardanos-price\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">accumulated<\/span><\/a><span data-preserver-spaces=\"true\"> in <\/span><span data-preserver-spaces=\"true\">the span of<\/span><span data-preserver-spaces=\"true\"> just 24 hours.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As of this writing, ADA trades at around $0.85, with numerous analysts envisioning a <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> rally in the near future. X user AltGem Hunter <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/AltGemHunter\/status\/1958774411378794726\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">thinks<\/span><\/a><span data-preserver-spaces=\"true\"> the <\/span><span data-preserver-spaces=\"true\">next<\/span><span data-preserver-spaces=\"true\"> targets are $2.68, $5, and even $10. To explode to such levels, though, ADA must first flip $1.16 and turn it into support.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">CryptosRus also chipped in lately. The X user, who has almost 300,000 followers, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptosR_Us\/status\/1958248179784155307\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">spotted<\/span><\/a><span data-preserver-spaces=\"true\"> the formation of \u201ca massive Inverse Head &amp; Shoulders\u201d on the asset\u2019s 9-day price chart, suggesting that the current valuation under $1 should be considered \u201ca huge discount.\u201d<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/pi-networks-major-announcement-ethereum-and-cardano-whales-go-crazy-bits-recap-august-22\/\">Pi Network\u2019s Major Announcement, Ethereum and Cardano Whales Go Crazy: Bits Recap August 22<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The team behind Pi Network introduced a special initiative that will last until mid-October. Despite the development, PI\u2019s price continues to underperform. Ethereum whales bought over $1.7 billion worth of ETH during the recent pullback, signaling confidence in the long-term rally. Large investors owning ADA were also active, adding 150 million tokens to their [&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-43552","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\/43552","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=43552"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43552\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}