Pi Network’s Price Plummets by 20% Weekly, but This Mysterious Whale Keeps Buying Pi: Details

Key Points

1. PI token price dropped to a new all-time low of $0.34 before slightly rebounding to $0.35, marking a 21% weekly decline.

2. A whale identified as 'GAS…ODM' has accumulated 350 million PI tokens, sparking theories about the Pi Network Foundation or a major exchange preparing for a listing.

3. Unusual activity in Binance’s hot wallets was noted last month, with the community speculating August 15 as a potential date for a listing.

4. PI’s Relative Strength Index (RSI) suggests the asset is oversold, indicating a possible rebound, as readings below 30 typically signal oversold conditions.

5. The total balance of PI tokens on crypto exchanges recently hit a new all-time high of over 405 million, now standing at approximately 400.4 million.