In a significant event for the Pi Network, a major investor has acquired 290 million Pi coins over three months, valued at approximately $150 million.
Overview of Major Transactions
The first acquisition took place on March 6, and the most recent transaction of 2 million Pi was completed just 22 hours ago. This investor's activity has been closely monitored, with reports indicating that these tokens were primarily acquired through centralized exchanges.
Market Reactions
This accumulation coincided with increased market volatility, especially in the meme coin sector. Speculation has arisen that the investor is preparing for a potential listing on major exchanges such as Binance. The Pi Network community is split on the implications of this accumulation.
Future of Pi Network
Currently, the value of Pi coin stands at $0.54, with trading volumes exceeding $100 million. The market cap of Pi is approximately $4 billion. With significant coins still locked, future developments from the Pi Core Team may greatly impact the project's trajectory.
This case underscores the significance of major investments in Pi Network and raises questions about the future of this cryptocurrency and its market position.
