Pi Network is once again making noise in the crypto market.

After a recent price dip, signs of a possible trend reversal are emerging — and the Pi Coin community believes a big move is coming soon.

Pi Network is once again making noise in the crypto market. After a recent price dip, signs of a possible trend reversal are emerging — and the Pi Coin community believes a big move is coming soon. At the time of writing, Pi Coin is up by more than 10% and is trading at $0.80.

Did Whale Move 250 Million Pi?

A recent social media post claimed that a crypto whale recently transferred 250 million Pi coins into a wallet, leading to scarcity on OKX exchange. With low supply and high demand, the situation quickly got serious.

To maintain price balance and avoid liquidity problems, Bitget reportedly intervened with a rescue operation for OKX, though it is yet to be confirmed.

A screenshot of the social media post is shown below:

The post continues to claim that a crypto whale recently transferred 250 million Pi coins into a wallet, rendering the coin scarce on the exchange.

With low supply and high demand, the situation quickly got serious, and to maintain price balance and avoid liquidity problems, Bitget reportedly intervened with a rescue operation for OKX.

However, this claim is yet to be confirmed.

Price Predictions: $1 Next, Then $1.5 and $2?

Right now, the coin is showing early signs of a comeback after falling below $1. If buying pressure continues and whales hold onto their tokens, traders predict the price could soon touch $1, then move to $1.5 and $2.

Major Challenges Still Ahead

However, there are still obstacles slowing down Pi Coin’s progress.

According to crypto traders, there are several challenges that could hamper the coin’s recovery, including a lack of listings on top exchanges (Binance, Coinbase), no major DeFi apps, and transparency concerns regarding token holdings.

Currently, there is no clarity on the launch of Pi coin on Binance.

If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.