The cryptocurrency Pi Coin is once again attracting attention in the market after a recent price dip. Signs of a potential trend reversal are becoming evident, yet there are serious challenges that may impact its future.
Whale Moves and Market Scarcity
A crypto whale recently transferred 250 million Pi coins into a wallet, creating significant scarcity on the OKX exchange. This situation has led to high demand and low supply in the market. To maintain price balance and avoid liquidity issues, Bitget intervened with a rescue operation for OKX. Experts warn that if scarcity becomes too high and no rescue is possible, Pi Coin's price could skyrocket.
Price Predictions: Can Pi Coin Reach $2?
Currently, Pi Coin is showing early signs of a comeback after falling below $1. If buying pressure continues and whales hold onto their tokens, traders predict the price could soon touch $1, then rise to $1.5 and $2.
Challenges and the Need for Transparency
However, there are still obstacles slowing down Pi Coin’s progress. Key issues include the lack of major exchange listings such as Binance, Coinbase, and Kraken, as well as the absence of DeFi apps and significant ecosystem upgrades. Crypto influencer Dr. Altcoin has voiced concerns, claiming the Pi Core Team controls over 10,000 hidden wallets. He urged investors to demand transparency and not blindly trust the project’s official statements. Currently, only seven large wallets are publicly tracked, adding to worries about unclear token supply and internal control.
Given the current state of Pi Coin and the need for transparency, the future of the project remains uncertain. Investors should be cautious regarding the information and challenges that may affect their decisions.
