Pi Network Update: Can Consensus 2025 Ignite a Pi Price Surge? What Bullish Traders Are Watching

The Pi Network community is abuzz after new on-chain data revealed that crypto whales accumulated over 41 million PI tokens, worth around $27 million, within just two days. This sudden movement of Pi token holdings away from exchanges like OKX has reignited speculation about a possible Pi Network price surge.

Analysts interpret such massive withdrawals as a bullish sign rather than a signal of imminent sell-offs. One prominent crypto tracker highlighted that a single wallet scooped up over 48 million PI, worth nearly $31 million, dramatically tightening the circulating supply on exchanges. This activity strengthens expectations of a Pi coin price surge, especially as demand continues to outpace readily available supply.

Pi Bullish Chart Patterns Emerge Despite Sideways Trading

Despite the bullish whale activity, Pi price today remains steady around $0.63. However, technical analysis reveals encouraging signals. The Pi Bullish Chart is currently forming a double-bottom pattern, a setup often viewed as a precursor to upward moves.

$PI will explode to $5.

In the last 2 days Millions of $pi coins have been withdrawn from exchanges.
This signals widespread adoption.
Any time 1 $PI will be going for $5. #PiNetwork pic.twitter.com/KFqj84A7XY

— MOON JEFF 🪐 (@CRYPTOAD00) April 21, 2025

Traders are keeping a close watch on Pi price resistance at $0.645. A breakout above this level could unlock potential for the Pi coin price surge, pushing the token toward its next significant resistance point at $0.7857. Such a move could further propel momentum, possibly driving Pi Network price surge hopes toward the elusive $1 mark.

Analysts Set Sights Higher, Eyeing Critical Pi Price Support Levels

Several market watchers maintain an optimistic long-term view for Pi Network. While Pi price today is far from its historic highs, analysts are encouraged by the robust Pi price support zone near $0.60. This foundational level, coupled with bullish chart patterns, supports ongoing expectations for upward momentum.

Even popular Pi community voices have hinted that the project’s journey to higher valuations is still in its early stages. However, for any Pi coin price surge to sustain, the project needs to address challenges in its tokenomics and enhance its real-world utility to keep investor confidence intact.

Token Unlocks and Ecosystem Growth: Key to Future Pi News

One factor creating cautious sentiment is the upcoming unlock of nearly 1.5 billion Pi tokens over the next year, equivalent to about $83 million. With approximately 130 million Pi tokens set to enter circulation monthly, concerns about potential dilution persist.

Yet, hope remains high that broader ecosystem growth could counterbalance this supply increase. The launch of new decentralized apps (dApps) on the Pi Network and additional real-world use cases for Pi coin are seen as essential. Further positive Pi news would be the listing of Pi coin on top-tier exchanges like Binance or Coinbase — moves that could boost both visibility and trading activity.

All Eyes on Consensus 2025 as Market Awaits Breakout

Another potential catalyst for a Pi Network price surge is the upcoming Consensus 2025 conference, where Pi’s founder, Nicolas Kokkalis, will present to a crowd of over 20,000 participants, including institutional investors managing trillions in assets. The event could be a turning point for Pi coin if key milestones like mainnet support and Know Your Business (KYB) clearances are finalized.

Meanwhile, the market sentiment remains mixed. Despite bullish signals like whale accumulation and a strengthening Pi Bullish Chart, investor caution lingers. The Pi price resistance at $0.645 remains the immediate hurdle to watch, while solid Pi price support near $0.60 offers a reassuring buffer for bulls.