Key Points
- •Mysterious whale halts purchases, sparking 90% price drop.
- •No official statements from Pi Network leadership.
- •Falling investor sentiment and market uncertainty persist.
Pi Network's price sharply decreased over 90% as a major whale ceased buying on October 2, 2025, raising concerns in the cryptocurrency market.
The halt in whale activity signifies potential instability in Pi's ecosystem, highlighting vulnerabilities in assets dependent on large holders, affecting investor confidence and market sentiment.
The Pi Network has suffered a sharp decline, with its price collapsing by over 90%. This significant drop follows the cessation of large‑scale purchases by a mysterious whale responsible for accumulating $101 million in PI tokens.
The whale's withdrawal from the market is believed to have triggered the crash. Despite the market turmoil, there have been no direct statements from Pi Network’s founders or core team members.
This event has deeply affected the market, placing Pi Network at risk of further declines. On‑chain and sentimental indicators convey a vulnerable market environment. Investor sentiment has deteriorated significantly, reaching a two‑and‑a‑half‑month low.
As noted, there are no available direct quotes from key players or industry leaders regarding the recent events affecting Pi Network. The absence of official statements from Pi Network leadership has further fueled market concerns. Liquidity and community sentiment have deteriorated, with trading volume and staking metrics reportedly declining on the heels of the whale's exit.
No major impact has been reported on larger cryptocurrencies such as ETH or BTC. However, smaller altcoins may face contagion risks due to correlated sentiment shocks stemming from this event.
Historically, similar price collapses have occurred, such as during the 2021 SHIB downturn. The Pi Network situation highlights the market's vulnerability to large holder actions due to its token supply structure and lack of exchange listings. For ongoing updates and insights into crypto market dynamics, you can check CoinCentral Updates and Market Insights.