By Samannay Biswas

Copyright timesnownews

The Pi Network price has been in free fall for months, losing over 100% from its yearly highs and hovering just above its all-time low. On Tuesday morning, Pi Coin was trading at $0.3473, reflecting weak sentiment across the broader crypto market. Yet, one critical factor suggests this decline may be close to ending: a major whale is aggressively accumulating Pi Coin. Whale Accumulation: A Possible Turning Point Blockchain data reveals that a single anonymous whale now controls over 376 million Pi Coins, worth more than $130 million at current prices. This whale has been steadily buying Pi since August 2025, even as the token continued to slide. His latest purchase, 667,403 Pi Coins worth $231,589, was executed on Sunday. If this trend persists, more large buys could take place in the coming days, providing much-needed support for Pi’s price. Market watchers believe such large-scale accumulation could signal an upcoming rebound. Historically, when whales take massive positions in struggling tokens, they often precede a short-term rally or even a parabolic breakout if positive catalysts align. Who Is Behind the Whale Purchases? The identity of this whale remains a mystery. However, speculation is rife: Some believe it could be an exchange executive, buying ahead of a potential Pi Network listing on a major platform. Historically, exchange listings have triggered explosive rallies in smaller tokens like Orca and Avantis.Others think it might be a crypto billionaire like Justin Sun, who has a track record of bold acquisitions. A recent report by BanklessTimes floated this theory, though Sun has not responded to requests for comment.Another possibility is that the whale is connected to Pi Network insiders, giving them access to undisclosed developments that could boost the coin’s value in the near future. Regardless of identity, the sustained buying spree indicates deep conviction that Pi’s price will recover. Technical Analysis: Signs of a Breakout Brewing From a technical perspective, Pi Coin is showing some promising signals: The daily chart highlights a falling wedge pattern, typically a bullish reversal structure.The Bollinger Bands have tightened in recent weeks, suggesting that a sharp move, either up or down, could be imminent.Analysts note that Pi could be in the accumulation phase of the Wyckoff Theory, where smart money quietly buys before a significant breakout.If momentum turns positive, the coin could retest the $1 resistance level, nearly 3x higher than current prices. Outlook: Can Pi Coin Bounce Back? While Pi Network faces skepticism due to token unlocks and limited exchange listings, the ongoing whale accumulation provides a potential bullish spark. If supported by technical indicators and a favorable market environment, Pi could mount a short-term rally toward $1. For now, traders are closely watching whale activity. If accumulation continues, it may mark the beginning of a trend reversal for Pi Network.