Recently, a significant transaction was recorded in which a cryptocurrency whale moved 250 million Pi Coins into a single wallet. This move caused a lack of liquidity on the OKX exchange, which led to the intervention of Bitget, which tried to stabilize the situation. As a result, the price of Pi Coin rose by more than 10% to reach $0.80.
Analysts and traders predict that if the buying pressure continues and the whales keep their tokens, the price of Pi Coin could soon reach USD 1, then USD 1.50 and potentially USD 2.
Despite the positive trends, Pi Coin faces several challenges:
- It still lacks listing on major exchanges like Binance, Coinbase and Kraken.
- No decentralized applications (DeFi) or major ecosystem updates have been launched yet.
- There is uncertainty about the amount of Pi Coins held by the team and how to manage them.
Cryptocurrency influencer Dr. Altcoin has expressed concerns about the lack of transparency from the Pi Network team, especially when it comes to holding tokens and planning future developments.
In order for Pi Coin to achieve its projected growth, overcoming these obstacles will be key. Listing on major exchanges and ecosystem development could boost investor confidence and support further price growth.