Over 102 Million Pi Tokens Withdrawn from OKX Exchange in Three Days, Raising Concerns Among Investors

Pi Network, which has always been in the headlines, is once again stirring the investors, but not for reasons that inspire confidence. In just three days, over 102 million Pi tokens have been pulled out of the OKX exchange, sparking fears that insiders may be cashing out.

Pi Network, the cryptocurrency project that has always managed to stay in the news for one reason or another, is once again stirring the investors, but not for reasons that inspire confidence. In just three days, over 102 million Pi tokens have been pulled out of the OKX exchange, sparking fears that insiders may be cashing out. Is this the start of a bigger drop, or just a sign of Pi Network’s losing its grip?

As reported by pseudonymous crypto analyst Mr Spock, in mid-May 2025, more than 102.7 million Pi tokens left the exchange. Some transactions were massive—one saw 70 million Pi tokens being moved at once.

🚀 102.7 Million Pi Withdrawn from OKX: The Awakening Has BegunThe time we’ve been waiting for is no longer ahead of us — it’s happening right now.In just the past 3 days, a staggering 102,776,657.17 Pi (π) has been withdrawn from OKX, one of the world’s top cryptocurrency… https://t.co/qdx8e6R86E

This level of activity has never been seen before in the Pi Network, and while some like Spock think it’s a sign of progress, others are doubting, and they don’t like what they see. Some Pi supporters are calling it a step forward, saying it shows growth and rising adoption.

After all, the coin is still trading around $0.77, even after a slight drop in the price.

However, well-known blockchain investigator, Dr. Altcoin, spotted that 1.4 million Pi coins were moved from a wallet that hadn’t been used in a year and a half, and then sold on the Gate.io exchange, shortly after the transfer.

This wasn’t just a one-time thing. Several other big transactions were spotted, all of which seem to lead back to wallets that might be connected to the Pi Core Team. Some reports suggest these wallets could be holding over 90 billion tokens.

This has made many in the community question how much control the team has and whether the project is as fair as it claims to be.

In other news, the Pi coin price has been trying to break past the $0.85 resistance zone but failed to do so. Technical experts say that if the price doesn’t manage to rise soon, it could drop even further, possibly hitting $0.66 or even $0.55, which we saw earlier this year.

Adding to the worries, over 1.4 billion more Pi tokens are expected to enter the market in the next year. In May alone, 110 million tokens entered circulation. If too many of these tokens end up on exchanges, it could drive prices even lower.