A mysterious whale has withdrawn 70 million Pi Coin from the crypto exchange OKX, triggering widespread speculation of a major development. This large-scale movement comes amid rumors of a potential Pi Coin listing on Binance, the world’s largest cryptocurrency exchange.
The massive transaction was flagged earlier today by crypto analyst Dr. Altcoin on the X platform. According to the analyst, the wallet now holds approximately 155 million Pi, making it the largest known individual holder of the token across any exchange. The analyst suggested that the scale of the accumulation is too significant to be linked to an average user.
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Market reactions to the transaction have been swift. Pi Coin has recorded a 25 percent weekly price gain, and daily trading volume has surged over 35 percent, now crossing the $300 million mark. These developments come at a time when many in the Pi Network community are speculating that a Binance listing could be imminent.
Dr. Altcoin believes that this recent whale activity could be a preparatory step for listing Pi Coin on a top-tier centralized exchange. The timing of the move appears calculated, especially considering the ongoing market interest and recent platform events.
Market Buzz Builds as Whale Activity Points to Strategic Accumulation
Investor attention has been further heightened by an upcoming ecosystem update scheduled by the Pi Network Core Team for May 14. The announcement is set to coincide with the Consensus conference and follows their recent participation in the Token2049 event in Dubai.
That event brought together key crypto industry figures, including Binance CEO Changpeng Zhao and TRON founder Justin Sun. The speculation that is building around a big collaboration or listing has been fueled by the turnout from the Pi Network’s team at such well attended meetings.
The withdrawal of 70 million Pi from OKX has caused many traders to ponder that this is a sign. With the wallet now owning a significant stake in the network, the shift has raised hopes for the asset’s near term prospects.
Whale involvement in any digital asset often signals institutional or exchange interest. In this specific instance, the scale, and the timing of the transactions, imply some major event may be under way.
The switch off of 70 million Pi Coin off of OKX by a single wallet has crippled the market, and is compounded by Binance listing rumors. This week Pi Coin has been one of the most watched altcoins due to high volumes and a rising price.
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