Why Is Pi Coin Price Pumping?

Pi Coin price is showing a rare uptick after weeks of selling pressure, with the token trading at $0.3611, up over 4% in the last session. Market interest is growing as new developments and whale activity drive speculation in the Pi Network ecosystem.

According to Cointelegraph, a mysterious whale accumulated 331 million PI tokens valued at approximately $148.5 million. Traders are interpreting the move as a strategic accumulation or potential buyback, sparking renewed market attention.

INSIGHT: A mysterious whale accumulated 331M $PI. That's $148.5M snatched up. Speculators assume a strategic buyback. pic.twitter.com/0Ufdcm63fb

— Cointelegraph (@Cointelegraph) August 2, 2025

Speculative discussions are also surfacing on social media. Pi Network News Global reported that Pi Network is preparing to go open source, calling it “the greatest show in the history of crypto.” Community members believe this shift could boost ecosystem participation and developer interest.

Breaking News: The next topic is in progress. Get ready for something big: Pi is going open source!The greatest show in the history of crypto is about to begin, and anyone who knows what this means will be sitting back and enjoying it.#HODLStrong $Pi #Crypto!#PiNetwork pic.twitter.com/C5Hc5jTKL4

— Pi Network News Global 𝛑 (@PiNewsGlobal) August 2, 2025

Further speculation by Nothing suggests market excitement over the idea of large platforms, like Amazon, potentially accepting PI in the future. While no official confirmations exist, such discussions often drive short-term sentiment in low-liquidity markets.

What Would Happen If Amazon Accepted $Pi? @PiCoreTeam1. Mainstream LegitimacyAmazon is one of the biggest companies in the world. If they added $Pi, it would give Pi enormous credibility.Media coverage and investor attention would spike. pic.twitter.com/Mt6cGVwwmE

— Nothing (@moonryan177) August 2, 2025

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Supply Adjustments Support the Pi Coin Move

Reduced token unlocks are contributing to short-term price stability. CryptoTimes data shows August unlocks total 159 million PI ($57 million), down from 276 million in July. September is projected to average 5.3 million tokens unlocked daily, easing some selling pressure.

Pi Network also implemented an 8% mining reward cut on August 1, aimed at slowing supply growth. Coingape noted that while community skepticism remains about its impact, lower token emission often helps limit downward price pressure in the short term.

Technical Picture of Pi Coin Price

The 4H chart shows that Pi Coin remains in a broader downtrend, with price well below the 30-period EMA at $0.3927. A descending resistance line from mid-July continues to cap any recovery attempts.

Image Source: TradingView.com

Moreover, support is gathering at $0.34–$0.33, which also marks the recent bounce. Dropping through this zone could unleash a run down to $0.30–$0.28. Local resistance is $0.38–$0.39, with $0.40–$0.42 as the next level if purchasing begins to gain traction.

RSI is nudging 30, indicating the market only just broke into oversold. A short-term relief rally is possible, but the broader structure remains bearish until the Pi coin price reclaims $0.39–$0.40 and the descending trendline.

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