The Pi Network is back in the headlines as its price struggles to stay above $0.30. While many cryptocurrencies have recently recovered, Pi is still facing pressure, especially with a large token unlock planned for August 2025. At the same time, a mysterious wallet has quietly collected a huge amount of Pi coins.
Crypto analyst Dr Altcoin revealed that a mystery account has collected 350.5 million Pi coins, worth over $125 million. This makes it the sixth-largest Pi wallet, following only the known wallets connected to the Pi Foundation and its liquidity reserve.
The wallet, identified by a long code, has been steadily buying Pi from crypto exchanges over the last three months. Dr Altcoin believes this shows a strong belief in Pi’s long-term future. “The person or entity behind this wallet understands what many still overlook, the massive future potential of Pi Network,” he said.
156 Million Pi Tokens to Be Unlocked in August
The Pi price is currently around $0.35, which is just above its all-time low of $0.34. But it could face more selling pressure soon. In August 2025, 156 million Pi tokens are scheduled to be unlocked and enter the market. At the current price, that’s nearly $68 million worth of tokens.
More than 250 million Pi coins have already been released this month, and with low demand, the price hasn’t been able to rise with the rest of the crypto market.
The analyst said, “Personally, because of my five-year plan, I see every dip as an investment opportunity, I just bought more Pi at $0.35.”
With the token unlock coming and the price staying low, it’s unclear what will happen next. But with big buyers stepping in and some experts staying hopeful, many are still watching to see how the Pi story unfolds.
