Pi Coin ($PI) is rallying as it approaches the $1 mark, showing strong momentum with a 34% surge in the last 24 hours, briefly hitting $0.98. The cryptocurrency community is celebrating, with massive trading volume, bullish sentiment, and hints of major developments on the brink.
The next resistance levels for Pi are set at $1.00, followed by $1.40, while support currently sits around $0.80.
Crypto analyst Dr. Altcoin shared that the Pi Network team will make a big announcement on May 14, 2025. This date is important because it’s the same day the Consensus Summit 2025 begins in Toronto, where Pi’s founder, Dr. Nicolas Kokkalis, will be speaking. The analyst believes this news could be very good for Pi’s price. He predicts that Pi could reach $1 by May 14, go up to $2 by the end of August, and maybe reach $2 to $5 by the end of the year.
Binance Listing Soon?
According to on-chain data, a mysterious wallet made a massive purchase of 70 million PI from OKX, pushing its total holdings to 155 million PI—more than any other wallet on active exchanges. This activity has sparked speculation that a big centralized exchange (CEX) might be preparing to list Pi Coin.
These patterns mirror previous movements seen before major exchange listings, and the timing aligns with increased activity on the Pi Blockchain and preparations for KYB (Know Your Business) compliance—a requirement for official listings.
Community Excitement and Expansion
The Pi Network ecosystem is also expanding, and community hype is at an all-time high. With Pi already ranked among the top 30 cryptocurrencies by market cap on CoinGecko, many believe this is just the beginning.
The Pi community is now wondering: Which exchange will list Pi next? Could it be Binance, Coinbase, or another big player?
PI Network’s token plunged to a new all-time low on August 1 and has since entered a period of consolidation, showing little movement in either direction.
The lackluster price action reflects a market in limbo, with traders awaiting a decisive move that could set the tone for PI’s next chapter.
PI Price Trapped Between Fear and Hope
Technical indicators observed on the PI/USD one-day chart confirm this stagnation. For example, PI’s Relative Strength Index (RSI) has trended flatly since the sideways trend began, confirming the relative balance between buying and selling pressures in the market.
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The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
When price action flattens like this, it reflects a struggle between buyers and sellers, with neither side able to push the market decisively higher or lower.
Moreover, PI’s Average True Range (ATR) has trended downward since August 2, confirming the market’s indecision. As of this writing, this indicator stands at 0.03.
The ATR indicator measures the degree of price movement over a given period. When it trends downward like this, volatility is dropping. Price changes are becoming smaller and less frequent.
As with PI, this often happens during consolidation phases, where the market waits for a breakout. It marks periods of uncertainty when traders are not committing strongly in either direction.
Range-Bound PI Eyes Breakout—But Which Way Will It Go?
PI buyers appear hesitant to step in and are wary of further downsides, especially as the project continues to unlock new tokens. Over the next 30 days, 166.21 million PI tokens valued at $59 million at current market prices are set to be unlocked, per PiScan.
If the supply shock from PI’s token unlock continues to weigh on market sentiment, it could break below its range to revisit its all-time low of $0.32.
However, a break to the upside is likely if new demand resurfaces. In this scenario, PI’s price could climb toward $0.44.
BlackRock Ethereum ETF (ETHA) hits a massive milestone with 3 million ETH holdings after the latest purchase of 59,309 ETH on July 29. The Ethereum fund has been on a massive acquisition spree in July, with assets under management (AUM) now over $11.1 billion. Amid these massive inflows, the ETHA share price is showing strength
Ethereum (ETH) is steadily inching close to the psychological $4,000 level, but the milestone remains elusive as selling pressure clouds bullish euphoria.
Nevertheless, the recent institutional frenzy for Ethereum has propelled the largest altcoin on market cap metrics to the 27th position among global assets.
Whales Are Selling Ethereum into Strength — But Why Now?
Ethereum’s market capitalization surged to $471 billion, overtaking major global corporations to rank 27th among all assets.
Meanwhile, amidst the surge, there is another force pulling in the opposite direction. Traders, whales, and watchdogs are raising red flags about major sell-offs and alleged market manipulation.
This counteractive force is coming right when ETH appears poised to reclaim its all-time high.
According to analysts and on-chain data, whales are exiting large positions, with the Binance exchange presenting as the common denominator.
Ted Pillows, an investor and KOL on X (Twitter), alleges that Binance is manipulating the price of Ethereum by dumping millions of ETH into it.
In a follow-up post, Ted claims that Binance is moving ETH to multiple market-making accounts, despite holding no known extra ETH beyond customer deposits.
“I hate to say it, but Binance is manipulating ETH and the entire altcoin market…How can they transfer so much Ethereum to these accounts when they have no extra ETH, only customer funds?” he wrote.
Customer and Binance Net Ethereum Balances. Source: Ted on X
These assertions suggest orchestrated sell pressure may be undercutting institutional demand. Meanwhile, Binance did not immediately respond to BeInCrypto’s request for comment.
The exchange has not publicly responded to the allegations at press time.
Major on-chain events support these concerns, unfolding with the recent Ethereum price climb.
One address, 0x219…C3c4F, sold 3,000 ETH worth $11.74 million, finally breaking even after holding since the 2021 bull run. On-chain analyst Ai reveals that the wallet had accumulated ETH at an average of $3,500 and endured a 70% drawdown before exiting at a $1.24 million profit.
Another whale, dormant for eight months, deposited 1,383 ETH tokens into MEXC, netting $4.32 million. The address still holds 1,384 ETH tokens valued at $5.39 million.
After an 8-month dormancy, a whale has deposited 1,383 $ETH worth 5.39M into #MEXC, making a profit of $4.32M.
The whale initially withdrew 2,768 $ETH worth $6.45M and still holds 1,384 $ETH worth $5.39M.
This highlights a broader pattern of profit-taking now that the Ethereum price approaches a psychologically critical level.
Not Everyone Buys the Binance Manipulation Theory
Notwithstanding, the largest red flag may be a multi-signature wallet (0x0cb…E07e4) that recently deposited 9,000 ETH, worth approximately $35 million, to the Kraken exchange.
Multi-sig wallet deposits $35 million in Ethereum to Kraken. Source: Analyst AI on X
The address is reportedly linked to high-frequency block builders Beaver Builder and Titan Builder. According to the analyst, it still holds over 18,000 ETH, worth more than $70 million, with most still staked.
On-chain analysts suggest this is not a coincidence, with the selling wave likely reflecting sophisticated players exiting into liquidity. If this is true, they may be using CEXs (centralized exchanges) like Binance and Kraken as exit ramps.
One whale trader has reportedly concluded a fourth major swing trade after offloading 5,000 ETH at $3,895, worth $19.47 million.
It is unclear whether these profits were booked in anticipation of a pullback or as part of larger market coordination.
While Ethereum’s technicals remain strong and institutional demand is rising, the shadow of coordinated selling now clouds the rally.
As of this writing, Ethereum was trading for $3,906. But the big question is whether the price is being held down just as it nears the $4,000 milestone.
