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Cryptocurrency News Articles

Pi Coin Dips as Over 102M Tokens Exit OKX

May 23, 2025 at 10:54 am

Pi Coin falls to $0.81 amid massive withdrawals from OKX, sparking debates about liquidity and transparency.

Pi Coin Dips as Over 102M Tokens Exit OKX

Pi Coin has slipped by more than 3%, trading below the crucial support at $0.79. The token recently hit a high of $1.60 before quickly pulling back — a move that sparked debate in the crypto community, with some raising concerns about manipulation.

Crucially, there's something big happening beneath the surface. In the past three days alone, a staggering 102,776,657.17 Pi (π) has been withdrawn from OKX, reports crypto analyst Mr. Spock.

That's over 102.7 million Pi coins, potentially worth tens of millions of dollars, now moving on-chain, live, and verified. And these aren't small transactions — with some single withdrawals topping 70 million Pi.Crucially, there's something big happening beneath the surface. In the past three days alone, a staggering 102,776,657.17 Pi (π) has been withdrawn from OKX, reports crypto analyst Mr. Spock.

That's over 102.7 million Pi coins, potentially worth tens of millions of dollars, now moving on-chain, live, and verified. And these aren't small transactions — with some single withdrawals topping 70 million Pi.

At the moment, Pi is holding a crucial support at $0.79, while resistance remains in the $0.99 to $1.20 range. The Relative Strength Index (RSI) is also hovering around 52, putting the token on the edge of oversold territory — which could tempt bulls looking for a possible entry. Pi Coin is currently 72% down from its ATH of $2.98.

Over 102.7 Million Pi Coins Withdrawn From OKX in Past 3 Days

This isn't the first time that large batches of Pi have been spotted moving between wallets or exchanges.

In May 2025, Pi Network saw unusual migration activity, with 7 million Pi moved in just 24 hours across nearly 19,500 user accounts. Migrations continued throughout the night, and by morning, the total approached 9 million, hinting at increased automation in these transfer batches.

However, concerns have been raised about large transfers from the Pi liquidity reserve wallet to exchanges such as OKX and MEXC. While these actions are permitted under Pi's tokenomics and serve to maintain liquidity in exchanges for efficient trading, they haven't been clearly communicated to the community.

This lack of transparency has led to speculation and frustration among community members, who are keen to understand the rationale behind these significant token movements.

As Pi continues to evolve and gain momentum, the community is calling on the Pi Core Team to provide more regular updates and maintain open communication to foster trust and transparency in the network's journey.

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Other articles published on May 23, 2025