Pi Token Defies Logic as Whale Accumulation Fails to Stop Price Slide

Pi Network’s price faces sustained pressure as exchange reserves grow to 373.6 million PI, including 2.41 million in new deposits within 24 hours. The increased token supply on trading platforms signals heightened selling activity, creating strong headwinds for recovery. Despite this bearish momentum, blockchain data reveals significant whale accumulation, with two investors withdrawing 2.06 million PI from OKX – including one address acquiring 7.92 million PI in just five days. While these moves indicate long-term confidence at current prices, they’ve failed to counter the broader market’s sell-off.

🤝 #PiNetwork Price Manipulation Alert! ⚠️
As a Pioneer with concerns, I’m raising a red flag based on recent market data. After the launch of the 100 million Venture fund and the App Studio, Pi Network’s potential is clear—yet the price has dropped 1.57% to 0.4584 USDT, with a… pic.twitter.com/UMoY7zm6Sy

— victor nita (@blue_explorer69) July 7, 2025

The project’s fundamental challenges persist, with PI struggling to demonstrate real-world utility compared to established cryptocurrencies with clear DeFi, payment or Web3 use cases. Lacking meaningful partnerships, merchant adoption or ecosystem development, Pi Network continues to face an uphill battle in generating sufficient organic demand to balance its circulating supply. These limitations leave the token particularly vulnerable to continued selling pressure without significant improvements in adoption.

Key PI Levels To Watch – August 8

PI has continued to exhibit waning volatility as its price experiences a slow and steady decline. Following nearly a month of stagnant movement, the market briefly surged to the significant resistance level at 1.6670. However, momentum quickly faded, and the asset has since entered a downward spiral, with the next potential target at $0.4000.

Volume has noticeably contracted, reflecting a sharp decline in trading activity. The Bull and Bear Power indicator signals sustained bearish control, while the Average True Range (ATR) continues to slope downward, aligning with increasingly smaller daily candlesticks — a clear indication of diminishing market volatility.

Market dynamics currently favor sellers, with the growing exchange reserves creating persistent downward pressure. While whale activity provides some counterbalance, the token may need to test the $0.40 support level before finding stable footing. For the trend to reverse, Pi Network would need to show progress in utility development that could encourage broader holding rather than selling. Until such fundamental improvements materialize, the current imbalance between supply and demand suggests the bearish pressure may continue.

PI Key Levels

Resistance Levels: $0.9630, $1.6700, $3.0000
Support Levels: $0.4000, $0.3000, $0.2000

PI Metrics

Total Market Capitalization: $3.35T
Pi Market Capitalization: $3.5B
Pi Volume: $48.4M
Market Rank: #30

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