Whales Go Wild: Pi Network’s Hackathon & Crypto Giants Dive In 🐳🚀

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TL;DR

  • The Pi Network team launched a Hackathon to boost real-world utility, but PI’s price still lags behind.
  • Ethereum whales snapped up over $1.7 billion worth of ETH, showing strong faith in the long-term rally.
  • Cardano whales added 150 million ADA to their hoard in just two weeks, hinting at potential future gains.

Pi Network’s Latest Initiative

The crypto world, always a bit of a wild west, saw another curious move from the Pi Network. They’ve organized a Hackathon, inviting developers to create meaningful Pi Apps that could actually do something useful with the native token, PI. Participants need to go through the usual KYC hoops, but hey, who doesn’t love a good identity check? 🤷‍♂️

The Hackathon kicked off on August 21, with submissions due by October 15. The grand prize? A whopping 160,000 Pi tokens. Not bad for a weekend project, right?

“This hackathon invites developers to build and deploy meaningful Pi Apps that empower real-world utility using Pi and help shape the ecosystem – and compete for a chance to win up to 160,000 Pi in total prizes,” the announcement reads.

Despite the excitement, PI’s price hasn’t exactly taken off like a rocket. It’s still hovering around $0.36, down a jaw-dropping 88% from its all-time high of about $3 back in February. Market cap? Well, let’s just say it’s not looking too rosy for Pi’s spot in the top 50. 🙄

ETH Whales Embrace the Correction

While the second-largest cryptocurrency, Ethereum, has seen a dip in the past week, trading at around $4,320, the real story is in the whale activity. These big fish scooped up 400,000 ETH during the pullback, a haul worth about $1.7 billion. That’s a vote of confidence if I’ve ever seen one. 🐟💰

With fewer tokens floating around, it’s a good sign for those holding the line. And who knows? Maybe the little guys will follow suit and jump back into the pool. 🏊‍♂️

What About ADA Whales?

Not to be outdone, Cardano’s whales have been busy too. They’ve gobbled up 150 million ADA in just two weeks, with 66% of that stash accumulated in a single day. ADA is currently trading at around $0.85, but some analysts are predicting a major rally with targets set at $2.68, $5, and even $10. 🚀

One X user, AltGem Hunter, thinks ADA needs to break through $1.16 to really take off. Another influencer, CryptosRus, spotted a “massive Inverse Head & Shoulders” pattern on ADA’s 9-day chart, suggesting that the current price is a steal. 🛒

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2025-08-22 14:21