What to Know
- A major whale bought 6.3M+ PI in two weeks, boosting holdings to 373M PI.
- Pi Node v0.5.4 upgrade improved reliability and reward tracking, but there are still has low active node numbers.
- ISO 20022 compliance timeline and Pi’s technical readiness remain uncertain.
Pi (PI) rose by about 0.86% to $0.227 over the past 24 hours, continuing its upward trend of roughly +3% over the last week and +7% over the past 30 days. Key developments driving the momentum are a major whale accumulation and a major node software upgrade.
Whale Buying Signals Confidence
A whale bought 6.3 million PI tokens worth around $1.43 million over the past two weeks. This purchase elevated the whale’s total holdings to about 373 million PI (worth roughly $86 million). Earlier on November 9 they also bought 364 000 PI which is around $92 000.
Large‐scale buying like this often sends a bullish signal: less supply floating freely plus someone putting serious money behind the token. In markets with low liquidity, such moves can precede price jumps.
But there’s a caveat: the whale’s current value ($86 million) is well below the peak of $373 million meaning if the whale decides to take profits, that could bring pressure on the price.
Also worth noting: exchange reserves for PI recently hit an all‐time high of 426 million tokens (roughly 5.1% of total supply). That suggests more tokens could be ready to sell if unlocks or listings happen, a potential risk.
Node Upgrade
On November 11, the Pi Network released another version 0.5.4 of its “Node” software. It includes a new mechanism that tracks open ports on Pioneers’ Nodes. This update allows for more reliable and secure Node bonus calculations and is a step towards the larger goal of enabling the migration of Node mining rewards. The November 6 update addressed reliability issues, improved port tracking which means it is better at confirming network uptime of node operators, fixed bonus‐reward calculations, and made it easier to access connected features like the App Studio. It’s a positive step for the project’s infrastructure. When a blockchain project improves its technical stack it shows it is serious about moving beyond hype.
However, from a price-perspective the impact may be limited in the short term. For example, the network currently has about 296 active Mainnet nodes only, which is relatively low for a project claiming wide adoption. In other words, the upgrade builds confidence, but the real test will be whether more nodes go live, whether rewards start migrating to the chain, and whether usage picks up.
ISO 20022 Speculation
As reported, another driver behind Pi’s recent movement is growing talk that Pi may align with the global messaging standard known as ISO 20022, the standard many banks and payment systems are shifting to.
So if Pi Network really is working toward ISO 20022 compatibility, that speculation alone is helping lift sentiment. On the flip side, many analysts caution that Pi still lacks the maturity and institutional partnerships of the leading payment blockchains, so the timeline and outcome remain uncertain.
What to Watch
While Pi’s recent price rise reflects positive signs, several risks remain. The unlock schedule about 145 million PI tokens are set to unlock this month, which could increase circulating supply and put downward pressure on the price.The node upgrade is helpful but the real metric will be active node growth and actual use of the network. If nodes stagnate or usage fails to ramp, optimism may fade.
The ISO 20022 narrative is still largely unconfirmed. If Pi fails to meet expectations or the narrative turns out to be hype, sentiment could reverse. The building blocks are in place whale buying, tech upgrade, standards talk but the project’s long-term success will depend on adoption, usage, and supply management.
Conclusion
Pi is on a small rise at $0.227. The whale accumulation shows that people believe in the token, the node update makes the technical base stronger, and the speculation about ISO 20022 adds to the bullish story. The token, on the other hand, has to deal with possible selling pressure from unlocks and show that its ecosystem can grow. For now, things look cautiously good for Pi, but a lot depends on whether its momentum can lead to real-world use.
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