Overview

• PI trades near $0.35, with a close above $0.3610 flagged as confirmation for a move toward the $0.3836 area, while support is eyed around $0.344.
• On-chain data shows a wallet identified as GAS…ODM holding more than 350 million PI, with reports of recent buys of about 1.57 million on Wednesday and 441,549 on Thursday, making it the largest holder.
• Analysts cite Wyckoff accumulation dynamics along with a double-bottom at $0.3321 and bullish divergence, with a technical neckline near $0.4652 noted as a potential target if momentum builds.
• The V23 protocol upgrade scheduled for September 15 introduces decentralized KYC and Linux node support, joining ecosystem additions such as PiOnline and visibility as a Token2049 Gold Sponsor with co-founder Chengdiao Fan slated to speak.
• Supply and liquidity remain key risks, with reports of roughly 159.5 million PI unlocking daily in September and calls for deeper exchange listings to support any sustained recovery.