The PI Token Has Surged by 12% Following an Unexpected Withdrawal of Over 86 Million Tokens from the OKX Exchange

This massive exit has triggered a supply shock and intensified debates as fresh allegations of a post-Consensus selloff by the Core Team surface.

The PI token price has surged by 12% following an unexpected withdrawal of over 86 million tokens from the OKX exchange. This massive exit has triggered a supply shock and sparked heated debates among investors.

As reported by Benzinga, the OKX exchange’s wallet saw a dramatic decrease in a few short hours, with over 86 million PI tokens being withdrawn. Only 21 million tokens remain in the exchange’s wallet for trading.

This sharp reduction in circulating supply quickly sent shockwaves across the market, leading to increased demand for the limited tokens and pushing the price upward. This also sparked discussion about the sensitivity of token prices to rapid changes in liquidity, a factor often highlighted by economists in the context of fiat currencies. Many see this as a classic supply-demand reaction in the volatile crypto landscape.

Furthermore, persistent rumors circulating among the PI community claim that following the recent Consensus 2025 keynote, some insiders may have sold up to 50 million tokens. While these claims haven’t been substantiated, they have nevertheless stirred concerns among investors.

With the Core Team remaining silent on the matter, investors are demanding clearer insights into token management practices, especially following such a large-scale selloff. These kinds of moves could hint at deeper strategic decisions or, worse, signal an exit strategy by those holding significant stakes.

Despite the controversy, the market seems to be responding positively to the temporary supply shock, even as the debate over internal practices continues.

At the time of writing, the PI token is trading at $0.80, having risen by 9% over the last few hours. The recent price jump follows notable fluctuations throughout May, with the token experiencing both substantial surges and corrections.

The renewed optimism seems to be paying off as market participants rally behind the digital asset. As the situation unfolds, all eyes remain on the token to see whether the bullish trend will persist amid ongoing scrutiny over token management practices. The coming days promise to be crucial in determining if further regulatory clarity and community transparency can stabilize the token’s long-term prospects.