Pi Network's native crypto coin Pi Coin is attracting huge interest from “whales”

The native crypto coin of Pi Network, Pi Coin, is currently attracting huge interest from "whales", with millions of coins being withdrawn from crypto exchanges. This comes amid strong speculation about the possibility of Pi being listed on Binance.

On May 10, another 70 million Pi were withdrawn as the coin clocked up a 25% price spike in the weekly chart.

Chart Analysis: A Single Account Accumulates 155 Million Pi Coins

Leading crypto analyst, Dr. Altcoin, brought good news to the Pi Network community with claims of major developments.

In a post on the X platform this morning, the analyst highlighted a whale wallet address that had just purchased 70,000,000 Pi Coin from crypto exchange OKX.

“This same account now holds around 155 million Pi-the largest amount of any account listed on the Pi exchange today.

According to Dr. Altcoin, this large accumulation could indicate that a large centralized exchange (CEX) is preparing to list Pi.

“This is definitely not a regular user. Who do you think it belongs to? My guess is Binance!”

Encouragingly, Pi Coin's daily trading volume also showed a healthy increase - jumping more than 35% and breaking the $300 million mark. The news that Pi Network might be listed on Binance has also made traders more interested in this altcoin.

Will Pi Network Reach $1?

On the heels of a 25% price increase in the weekly chart, many analysts are predicting that Pi Coin's price will surge to $1 or more.

In another post on the X platform, Dr. Altcoin stated that he predicts the price of Pi Network could reach $1 today, after seeing massive accumulation from whales.

Pi Coin experienced a significant spike after the Core Team hinted at a major ecosystem update scheduled for May 14. This announcement coincided with the Consensus conference, and came after the Pi Network team’s participation in the Token2049 event in Dubai.

The Dubai event brought together major figures in the crypto industry, including TRON Justin Sun and Binance CEO Changpeng Zhao.