The Pi Network price has dropped again today, August 15, amid low demand and ongoing token unlocks. However, data shows one anonymous investor continues accumulating Pi aggressively. This development could trigger a major trend reversal if current patterns hold.
Despite the recent dip, one investor has bought over 350 million Pi coins in recent months. This move has pushed him into the sixth position among the largest holders of the token. At the current Pi Network price of $0.3830, his holdings are worth more than $134 million.
Who’s the whale behind wallet “GAS…ODM” accumulating $Pi Network tokens? And why?
Over the past 4 months, this wallet — now the 6th-largest Pi holder — has scooped up 350M Pi coins
(≈ $125M USD)
Accumulation pattern:
– Large withdrawals from OKX & Gate io
– Activity… pic.twitter.com/1ITYKEl9EV— Cobak (@CobakOfficial) August 4, 2025
The investor has not disclosed his reasons, but the timing reflects a contrarian strategy. “Be fearful when others are greedy and greedy when others are fearful,” remains a guiding quote for such moves. This accumulation signals confidence in Pi’s potential as a long-term asset.
The Pi Network price could benefit if other investors follow this large holder’s lead. Large accumulations often indicate upcoming positive sentiment. The market may interpret it as a vote of confidence in the project’s future.
The Pi Network price may rise if it secures listings on tier-1 exchanges like Binance or Upbit. Currently, only OKX, a tier-1 exchange, supports trading of the Pi token. Other exchanges listing Pi include BitMart, Gate, and MEXC, but no new additions have occurred since February.
Some platforms hesitate due to concerns about centralization, as developers reportedly control a large share of tokens. Others may be waiting for Pi Network to meet listing requirements or pay substantial listing fees. These can reach up to millions of dollars depending on the project size.
Still, a listing on a major exchange would increase liquidity and visibility. This move could significantly boost the Pi Network price in the near term. Investors often react strongly to such events, triggering price momentum.
The current chart for Pi Network shows a falling wedge formation, typically seen as a bullish technical indicator. This pattern includes two descending lines that converge over time and often signal a price breakout. Pi has already broken above the wedge and retested the upper line.
This breakout-and-retest setup usually leads to further upward continuation. Analysts see $1 as a key resistance target, about 150% above today’s Pi Network price. The outlook remains bullish unless the price falls below the all-time low of $0.3229.
The post Analyst Eyes $1 Target as Pi Network Price Forms Bullish Pattern appeared first on Blockonomi.
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