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coinpedia 2025-05-23 02:54:27

Pi Network News: 102M Pi Leaves OKX While Price Dips 3%

The post Pi Network News: 102M Pi Leaves OKX While Price Dips 3% appeared first on Coinpedia Fintech News Pi Coin’s price has slipped by more than 3%, currently trading around $0.81. The token recently spiked to $1.60 before quickly pulling back — a move that stirred debate in the crypto community, with some raising concerns about manipulation. 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 hovering near 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 Over 102.7 Million Pi Withdrawn from OKX in Just 3 Days In the midst of the price dip, something big is happening under the surface. Crypto analyst Mr. Spock reported that in the past three days alone, a staggering 102,776,657.17 Pi (π) has been withdrawn from OKX, one of the world’s leading crypto exchanges. 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. A New Phase for Pi Coin? Mr. Spock said that this marks a turning point for Pi Coin, which has long faced skepticism over whether it would ever achieve meaningful liquidity or utility. “While doubters watched from the sidelines, true Pioneers kept mining, building, and believing — and now, the results are beginning to show,” he said. With Pi now demonstrating large-scale withdrawals, on-chain activity, and practical blockchain functionality, it seems the project is entering a new phase of real-world traction. Call for Transparency 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 overnight, hinting at increased automation. However, concerns have been raised about large transfers from the Pi liquidity reserve wallet to exchanges like OKX and MEXC. While allowed under Pi’s tokenomics, these actions haven’t been clearly communicated. The community is now calling on the Pi Core Team to be more transparent and release regular reports to maintain trust as the network moves forward.

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