The PI coin had a boring day yesterday as the price moved slightly. It remained in the range of $ 0.64 – $ 0.68, level we recognized in our piece of price prediction as the main local support and resistance level.
One of the most popular crypto youtubers 'Giant of Africa' Posting a viral video about the PI Network yesterday where he explained how the team helped the PI coin price.
The strategic purchase that saves PI coins
The price reached $ 0.67 before repairing around $ 0.65, with its market cap hitting $ 4.5 billion. Most notably, the 24-hour trading volume advanced 116%, up to $ 157 million. These numbers point to the unusual activity that occurs behind the scenes.
What really happened was a major operation of the PI network team purchase. In the crypto world, a buyback occurs when a project team buys their own coins from exchanges to reduce pressure sale and support prices. In this case, the PI Network bought approximately 46 million PI coins from the OKX exchange and moved them to a separate purse controlled by the PI core team.
This action has effectively removed a significant number of coins from circulation, leading to stabilizing the price at a critical moment for the project.
Why a PI Network is needed
Buyback appeared to be a response to increasing sales pressure. With many mining users of PI coins and the second wave of transition to the mainnet continuity, the newly switched coins are flooding exchanges. Increased supply will naturally drive prices if left behind.
The PI network's solution is to buy these coins to reduce pressure sale and prevent a potential price collapse during the new supply.
The purchase was not officially announced, leading to initial gossip and speculation. However, investigators like Dr. Altcoin transactions and discovered that the PI core team created a purse called “Pi Foundation 2” more than two months ago. This purse started at 1 PI coin but the millions quickly accumulated, mostly from the OKX exchange. At the time of the video, the purse was held around 48 million PI coins worth about $ 31 million.
Community Response and Future Perspective
YouTuber shared his personal trip to PI, noting that he bought coins at various price points such as $ 0.40, $ 0.60, and $ 0.62, and had 900 PI coins in two months. He admitted the feeling of failing when prices were falling and not satisfied with the lack of communication with the PI core team. Now that he is in income, his perspective has changed dramatically.
The community has a mix of reactions to these developments. Some are encouraged that the team is finally acting, viewing PI as a long -term project worth waiting for. Others remain skeptical, feeling disrespected by the former lack of team communication and tired of waiting.
PI is approaching 200 moving average to the 4 -hour candle chart! We can see big movements around it. Be prepared! #Pinetwork pic.twitter.com/mcmgnjryrt
– Jatin Gupta (@jateupta0003) April 26, 2025
While the short -term goal for many PI investors is to reach $ 1 per coin, the community dream target is to sit at $ 10. However, YouTuber recognizes that while purchases are effectively temporarily, they are not a sustainable strategy in the long run. For long -term success, PI requires more exchange lists, more public adoption, and natural consumers rather than relying on the team to support the price.
For anyone considering investing in PI, the advice remains to use money that you do not immediately need and treat it as a long-term hold. Despite early failure, there may be real potential if the team continues to take positive actions to stabilize and grow the ecosystem. The main takeaway is that the PI network appears to be seriously protecting the cost of their coin.
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