Pi Network price is staring down the barrel of a gun as it faces the grim prospects of heightened price volatility. Cryptocurrency analyst Dr Altcoin warns that an avalanche of new accounts on Banxa with small Pi balances poses increased danger for the Pi Network price.
Dr Altcoin Warns Of Price Volatility From Banxa Account Activity
Pseudonymous cryptocurrency analyst Dr Altcoin has urged Pi Network investors to brace for the impact of incoming price volatility. Dr Altcoin revealed in an X post that a coordinated account activity on the cryptocurrency trading platform Banxa may affect Pi Network price stability.
He opines that Banxa is allowing the creation of multiple accounts, with a common denominator being their funding with small Pi Coin balances. The new accounts all have a balance of 0.98 Pi valued at around $0.61 in coordinated fashion.
“Banxa is creating many new accounts, each with a balance of 0.98 Pi,” said Dr Altcoin. “This could lead to price volatility.”
While the entity behind the synchronized account creation remains unknown, Dr Altcoin notes that extreme price volatility is on the horizon. Firstly, small wallets have seen action in wash trading scams to simulate fake market activity. Secondly, a concerted sale of Pi Coins in the wallets can create artificial sell pressure for Pi Network.
By keeping Pi balances under the 1 Pi mark, there is chatter that the entity is attempting to sidestep exchange rules and avoid detection.
In early April, Banxa rolled out support for Pi Network allowing users to buy, sell and hold Pi Coins on the platform. Since the integration, there have been over 1.2 million Pi Coin buys on Banxa,
Pi Network Records Significant Whale Activity
While Banxa accounts are buying miniscule amounts of Pi, whales are loading up their holdings with seismic purchases. The number of Pi Coins on exchanges dropped from 365 million to 359 million in under 48 hours. The decline of 6 million Pi Coins from exchanges is considered a clear sign of whales stacking up on the asset.
For now, it is unclear if the heightened whale activity is connected to the Banxa account activity. If connected, a classic pump and dump scheme may be in the offing for Pi Network price.
At the moment, Pi Network price is trading at $0.6 and shows no signs of wild price volatility. Pi Network’s momentum is surging to new levels, flashing indicators to reclaim the $1 dollar mark.
There is speculation that Pi Coin can reach highs of $30 if top banks start using Pi with a chain link integration driving up a short-term burst to $3,
Altcoins have been attracting investor attention this weekend, with Bitcoin and Ethereum prices stagnating around $85,000 and $2,000, respectively, since Friday. Prominent crypto analysts have published data insights showing investors are increasingly rotating capital toward altcoins after recent U.S. macroeconomic updates.
Analysts Predict Altcoin Season as Fed Rate Pause Triggers Risk-On Appetite
The altcoin market had a rough start to March 2025 when U.S. President Donald Trump announced new tariffs on Canada and Mexico. However, the macroeconomic landscape has since improved. The Trump administration made adjustments to the tariffs, while U.S. CPI and PPI data indicated that inflation risks from the tariffs were overestimated.
This shift in sentiment was further reinforced after the latest Federal Open Market Committee (FOMC) meeting on Wednesday, where the U.S. Federal Reserve announced a pause in interest rate hikes.
S&P 500 Performance, March 23, 2025 | Source: NASDAQ
Traditional finance (TradFi) investors reacted by moving capital out of safe-haven assets like gold and into stocks, pushing the S&P 500 up by 31.7 points last week.
Crypto markets appear to be following suit, with traders increasingly rotating funds from Bitcoin and Ethereum into altcoins.
Crypto Analysts Signal Imminent Altcoin Breakout
Adding to the growing optimism around altcoins, two major crypto analysts took to social media to highlight technical indicators pointing to an incoming “Alt Season”—a market phase where altcoins significantly outperform Bitcoin.
“2025 #ALTSEASON starts in less than 3 days now,” alongside a chart illustrating past cycles of altcoin dominance relative to Bitcoin.
Crypto analyst Sensei (@SenseiBR_btc) made a bold declaration, March 21, 2025 ,
The accompanying chart showed clear historical patterns where altcoins surged against Bitcoin, with a third major rally seemingly about to begin.
In response, OBI Real Estate (@Obirealestate) weighed in on the discussion, adding, “Markets are buzzing, timing will be everything.”
Key Takeaways: Why This Weekend Matters for Altcoins
Capital Rotation: With Bitcoin and Ethereum trading sideways, traders are diverting funds toward altcoins, anticipating stronger returns.
Macro Trends: Improved inflation outlook and the Fed’s rate pause have boosted risk-on sentiment across global markets.
Technical Indicators: Historical charts from top analysts suggest that the long-awaited Alt Season could be days away from starting.
As traders look ahead, this weekend may present a critical window of opportunity to accumulate promising altcoins before a broader market breakout.
3 Top Trending Altcoins to Watch in the Week Ahead
Bitcoin (BTC) has surged past the $85,000 mark, signaling strong market sentiment despite a slight 0.9% decline in global crypto market cap over the past 24 hours. While BTC’s resilience suggests growing confidence, a look at broader market trends reveals that large-cap altcoins remain stagnant, while smaller-cap assets are seeing significant moves.
Crypto market performance, March 23 | Source: CoinMarketCap
Ethereum (ETH) remains subdued at $2,000, showing only a 0.5% gain in 24 hours. Similarly, Cardano (ADA) and Binance Coin (BNB) also moved sideways, conslidating at the $0.70, $620 respectively, while Solana (SOL), trading at $132 leads the top 10 assets with a 2.4% gain.
However a closer look at the Coinmarketcap above shows low-cap altcoins, are attracting significant search traffic, a move that could attract further capital inflows in the coming trading seesions.
1. Trump Memecoin (Official Trump) – Political optimism fuels rally
The Trump-themed memecoin is trading at $11.81, up 5.9% in the last 24 hours, making it one of the most notable gainers. This rally alligns with improved sentiment surrounding recent U.S. policy discussions and Trump’s appearance at the Blockwork’s Digital Assets Summit, last week.
With increasing political relevance and heightened social media buzz, this token is one to watch closely. A break above key resistance levels in the coming days could drive further gains.
2. Pi Network (PI) – Struggling to Break $1, But Buzz is Growing
Last week, PI endured major sell-offs as the network migration trigger mixed reactions among investors. However, Pi Network is now flashing recovery signals. At press time on Sunday, March 23, PI network price is facing strong resistance at the $1 mark, struggling to establish a breakout. However, with the token has become one of the most discussed assets in the last 24 hours, investor interest is evident.
If buying pressure continues and $1 resistance caves, a significant breakout could follow, making this an asset to monitor for a potential price explosion.
Ethereum’s native cross-chain bridge token, Wormhole (W) price, has surged 23.9%, driven by increased demand as investors rotate funds across chains.
Wormhole Price Action, March 23 | Source: Coingecko
The boost in market optimism, combined with the Fed’s recent decision to pause interest rate hikes, has further supported capital flows into decentralized finance (DeFi).
With more activity on cross-chain protocols, Wormhole’s demand could continue to rise, making it a strong candidate for further upside in the days ahead.
In Summary:
While Bitcoin’s dominance remains strong above $85,000, altcoins, particularly low-cap assets, are gaining momentum. The surge in Trump memecoin, Pi Network’s rising popularity, and Wormhole’s DeFi-driven gains all signal that the altcoin market could be gearing up for major moves. Traders should watch for key breakout levels as these assets continue to gain traction
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