The Pi Coin price is over 3% and currently trades around $0.81. The token recently surged to $1.60 before pulling back immediately. This was a move that involved debate within the crypto community and raised concerns about the operation.
At the moment, the PI holds important support at $0.79, but resistance remains in the $0.99 to $1.20 range. The relative strength index (RSI) hoveres near 52, placing the tokens on the edge of the territory that was sold. Pi Coin is currently down 72% from its $2.98 ATH.
We retracted 102.7 million pi from OKX in just 3 days
In the midst of a price drop, something big is happening beneath the surface. Crypto analyst Spock reported that in the last three days alone, a staggering 102,776,657.17 PI (π) has withdrawn from one of the world’s leading crypto exchanges, OKX.
It exceeds 102.7 million pi coins, potentially worth tens of millions of dollars, and is now chained, live and verified. And these are not small transactions, some single drawers exceeding 70 million pi.
A new phase of PI Coin?
Spock said this marks the turning point for Pi Coin. “Those who were suspicious were watching from the sidelines, but the true pioneers continued mining, building, believing, and now the results are beginning to emerge,” he said.
As PI demonstrates large-scale withdrawals, on-chain activity, and practical blockchain capabilities, the project appears to be in a new phase of actual towing.
Seek for transparency
In May 2025, PI networks showed unusual mobility activity, with 7 million PIs moving in just 24 hours with nearly 19,500 user accounts. The move lasted overnight, hinting at an increase in automation. However, concerns have been raised about the large-scale transfer from PI liquidity reserve wallets to exchanges such as OKX and MEXC. Although permitted by PI’s Toknomics, these actions are not clearly communicated. The community is now urging PI core teams to release regular reports to be more transparent and to maintain confidence as the network moves forward.