Pi Network Moves 550M π in 24h, Sparks Fund Speculation

The Pi Network saw unusually large on-chain activity over the past 24 hours. Data from The Times of Pi Network reports six major transactions totaling 550 million π. The movements occurred between August 22 and August 23, 2025. Individual transfers ranged from 50 million to 100 million π, with most originating from Pi Foundation wallets. Observers have speculated about the purpose of these transfers. Some suggest they could be related to the Pi Ventures Fund. Others believe they may signal the beginning of a new phase in the network’s development. The foundation has not confirmed the reasons behind the transactions, keeping the market alert.

Pi Price Movements

The price of Pi has reflected the recent activity with moderate intraday volatility. According to Coingecko, PI is currently trading at $0.36, rising roughly 0.7% in the last 24 hours. The token experienced a low of $0.35 and a high close to $0.37.

Pi Network daily price chart on Coingecko on August 23, 2025

Technical indicators show mixed signals. A recent bullish move on the MACD suggests potential upward momentum. Additionally, a possible double-bottom pattern suggests a potential recovery. Traders remain cautious, as a sustained rally has not yet been confirmed. The market is closely watching whether PI can surpass key resistance levels.

Market Sentiment and Speculation

Even with the recent price rise, sentiment around Pi is still cautious. Investors are carefully watching the massive transfers and trying to read the technical signals. The size of these on-chain movements has sparked guesses that the foundation might be gearing up for strategic investments or shifting funds. Analysts note that such large transactions can influence market psychology. Even if they do not immediately impact the circulating supply. Traders are closely monitoring wallet activity and price reactions. The recent spike in on-chain transfers adds a layer of intrigue to Pi’s ongoing development.

Looking Ahead for Pi Network

The Pi Network continues to demonstrate active participation from its foundation and community. Although the price shows a tentative recovery, the large on-chain movements suggest careful planning behind the scenes. Investors should keep an eye on updates from the Pi Foundation and follow technical signals before making any moves. As Pi enters new phases of its ecosystem, these major transfers and market signals will stay in the spotlight for traders. The coming days could reveal whether this activity signals the start of a broader upward trend or is just a short-lived market spike.