The Pi Network Token ($PI) Has Experienced a Large Transaction Where 1.3 Million Pi Coins Have Been Transferred to the OKX Exchange

The Pi Network token ($PI) has experienced a large transaction where 1.3 million Pi Coins have been transferred to the OKX exchange.

The cryptocurrency market continues to be a hot topic of conversation, especially with the recent news of a massive Pi Network (PI) token transaction. Onchain analyst, Moon Jeff, has shed light on a large-scale transfer of 1.37 million Pi Coins.

As reported by the analyst, the private wallet, GCAJT5, had a balance of zero after the transaction, while OKX, a cryptocurrency exchange, received the same amount of 1,370,000 Pi Coins.

This massive transaction is sure to generate buzz in the crypto community, especially given the recent price surge of the Pi Network token.

According to CoinGecko, the price of Pi Network token is currently at $0.6114 with a 6.3% increase in the last 24 hours.

The community is speculating about the potential impact of this deposit on the market. With this substantial deposit, all eyes are on OKX to see if it will lead to increased selling or if it will further support growth through enhanced liquidity.

Furthermore, Bitcoin price has also gone above $97,000.

It is worth noting that as BTC price rallies, it tends to ignite rallies across various altcoins. This positive sentiment has increased investor confidence and many of the tokens are now in the green.