Pi Coin Rises 5% As Experts Outline Buying Strategy Amid Core Group Accumulation

Pi Coin has increased by 5% in the past 24 hours, driven by growing optimism surrounding the strategic buy campaign allegedly orchestrated by the Pi Core Team (PCT). According to renowned cryptocurrency analyst Dr. Altcoin, PCT is taking decisive action to stabilize the price of Pi Network following the chaos caused by the recent token unlock event. In a post on social media platform X, Dr. Altcoin revealed that a subsidiary wallet, believed to be linked to PCT, had purchased millions of Pi Coin from centralized exchanges in what he termed a "brave effort" to protect the network from price volatility. This wallet was created two months ago and has accumulated an astonishing amount of 48.5 million Pi Coin, worth approximately 31 million dollars. This wallet has only recently started accumulating Pi and is currently holding about 48.5 million coins. Dr. Altcoin explains. This is an intelligent alternative to token burning, but this is only a short-term strategy. This disclosure comes right after the community's concerns following the Pi unlocking event, which initially raised fears of a price collapse. By actively buying Pi Coin from exchanges, PCT seems to be buying time, literally, to prevent any sharp depreciation that could harm the confidence of long-term investors. Currently, the price of Pi Coin is trading above $0.60, marking a daily increase of nearly 6%. The market has reacted positively to the clear intervention of PCT, with trading volume surging by 53.86% to $116.4 million. The bullish sentiment is also fueled by reports that whales have moved around 41 million Pi from exchanges — continuing to tighten the available supply and driving speculative interest in the potential for this coin to reach the $5 mark. However, despite the short-term price increase, there are still many questions about the sustainability of this accumulation strategy. "The million-dollar question is: Does PCT have the ability to continue purchasing Pi from CEX to stabilize the price, or are there better long-term plans?" Dr. Altcoin raised the question, echoing the common concern of many investors. Adding to the market's instability are reports of suspicious trading behavior on Banxa, a fiat-crypto on-ramp service, which could cause even more volatility for the ecosystem. With investors already on edge, all eyes remain on the Pi Core Team and whether this group can continue to provide a stabilizing force. If PCT is forced to halt the buying campaign due to financial constraints, analysts warn that Pi Coin could face a sharp decline, potentially dropping back to the $0.30 level. However, currently, the Core Team's accumulation strategy seems to involve not only buying coins but also acquiring valuable time.