Pi Coin is currently trading at $0.63, marking a 2% decline in the last 24 hours. After reaching a local high back in February, the price has since experienced a sharp drop and now appears stuck in a sideways trading range. The key resistance level remains at $0.70, a level Pi Coin has attempted to break several times with no success. If this threshold is breached, it could open the door to further gains, potentially above $0.80.
However, the lack of clear market catalysts makes a breakout uncertain. Ongoing token unlocks—reportedly in the millions daily—are adding constant supply pressure, which has further dampened momentum. On April 22, 4.9M Pi Coin tokens are set to unlock.
Whale Activity Sparks Interest
Despite the stagnant price action, Pi Coin is seeing major whale activity. A massive $7.5 million PI, valued at $4.82 million, was just withdrawn from OKX and transferred to a private wallet. This move follows several similar transactions in recent days. In total, the whale has acquired over $48 million PI, now worth an estimated $31 million.
Such high-volume accumulation often draws market attention and can be a bullish signal, especially if institutional or large private investors are positioning ahead of expected developments.
Long-Term Outlook Shows Potential
Looking ahead, Pi Coin still holds promise. According to projections from CoinCodex, the coin is expected to trade between $0.63 and $2.16 throughout April 2025, depending on market conditions. The forecast implies a potential return on investment (ROI) of 238.31%, driven largely by growing expectations of major exchange listings and broader adoption.
Arkham Intelligence has unveiled a new feature allowing users to track the wallets of Key Opinion Leaders (KOLs) on X (formerly Twitter).
This development comes amid a flurry of new meme coins, capitalizing on token launchpads for easy launches.
New Arkham Feature Lets Users Track Influencers’ Token Holdings
The update, announced in a recent post, introduces the “Key Opinion Leader (KOL) Label.” It tracks the wallets of influencers with over 100,000 followers on X.
“Influencers with more than 100K+ followers on Twitter/X are now tagged on Arkham with a new label: Key Opinion Leader,” read the announcement.
This means investors can monitor whether influencers genuinely back the tokens they promote or if their endorsements are merely paid advertising. The move has sparked widespread debate within the crypto community, particularly concerning its impact on influencer-endorsed meme coins.
“Biggest scammer on top! Now everyone can watch your wallets. But they should know y’all have multiple ones,” one user wrote.
The introduction of Arkham’s KOL Label comes amid increasing concerns over the reliability of influencer-backed tokens. A recent report revealed that 76% of influencer-endorsed tokens fail to deliver.
Specifically, their value plummeted by more than 90% within just three months.
As BeInCrypto reported, the research suggested earning up to $399 per promotional tweet, incentivizing certain influencers to prioritize financial gain over credibility.
It also showed that many promoted tokens lack fundamental utility and community engagement, leading to inevitable crashes.
“Influencers with over 200,000 followers tend to have the worst performance. The larger the influencer’s following, the lower the performance of the meme coins they promote,” the report claims.
Success Rate of Influencer Predictions based on Followership. Source: CoinWire Research
With Arkham’s new tracking feature, investors can now scrutinize whether influencers hold the tokens they endorse. This could provide greater transparency in an industry plagued by misinformation and deceptive marketing tactics.
“Interesting move—transparency meets influence,” a user on X remarked.
The pattern mirrors previous crypto fads, where early investors profit while latecomers bear the brunt of financial losses. Arkham’s new tool could expose questionable practices, distinguishing genuine endorsements from misleading promotions.
By tracking influencers’ wallet activities, users can identify whether influencers hold the tokens they promote, indicating a true conviction. They could also spot red flags, such as influencers dumping tokens shortly after promoting them.
Experts, including Tron founder Justin Sun, emphasize the importance of fundamentals, tokenomics, and risk management for investors within the volatile meme coin market.
“I will check on the real social engagement. Are those likes real, or it’s just general bullshit? Do they have lots of influence, and the people really believe them? Also, I will see the founders, see their material, and see the memes they made and the videos they made. I will see if this is the right video and the right social engagement,” Sun elaborated.
These approaches reflect the importance of caution and due diligence instead of relying solely on influencer endorsement.
The global M2 money supply has surged to an all-time high of $108.4 trillion, raising fresh questions about Bitcoin’s next move.
The milestone comes amid escalating economic uncertainty following former President Donald Trump’s new “Liberation Day” tariffs and China’s swift retaliatory measures, which together have roiled global markets.
What is M2 and Why Does It Matter for Bitcoin?
Despite the extreme volatility over the past two weeks, Bitcoin’s average value has remained almost unchanged.
Analysts claim that Bitcoin’s latest volatility reflects macroeconomic fears and fluctuating long/short ratios – but the largest cryptocurrency is nowhere near a bear market.
This is largely due to the historical correlation between rising M2 levels and significant Bitcoin rallies.
M2 is a broad measure of a country or region’s money supply. It includes physical cash, checking and savings deposits, and other liquid assets that can be quickly converted to cash.
Bitcoin and M2 Money Supply Chart In the Past Year. Source: BGeometrics
When M2 increases, it typically signals greater liquidity in the financial system. It simply means more money that often seeks returns in riskier assets such as equities, real estate, or cryptocurrencies like Bitcoin.
Past surges in the M2 money supply have preceded major Bitcoin rallies. Following the COVID-era stimulus programs in 2020-2021, the US M2 supply jumped by over 25%.
This correlated with Bitcoin’s rise from under $10,000 in mid-2020 to an all-time high of over $69,000 by November 2021. Analysts point to a similar pattern today, albeit with a lag.
“Market proponents say that Trump’s tariffs are primarily a negotiation strategy, and their effect on businesses and consumers will remain manageable. Adding to the uncertainty are the inflationary pressures that could challenge the US Federal Reserve’s rate-cutting outlook. Also, resolving the debt ceiling remains a pressing issue, as the Treasury currently relies upon ‘extraordinary measures’ to meet US financial obligations. The exact timeline for when these measures will be exhausted is unclear, but analysts anticipate they may run out after the first quarter,” said Maksym Sakharov, Co-Founder of WeFi Deobank.
Also, Bitcoin’s price often trails global M2 growth by roughly two months.
With M2 accelerating since late February and the current spike taking it to its highest level ever, market watchers suggest that Bitcoin could see a delayed but strong upside if liquidity continues to expand.
$BTC hodlers need to learn to love tariffs, maybe we finally broke the correlation with Nasdaq, and can move onto the purest form of a fiat liquidity smoke alarm. pic.twitter.com/BrmcNpOuGr
Still, with M2 surging and Bitcoin supply capped, the setup for a renewed bullish move remains in place. That is if historical patterns hold and markets regain confidence.
