The value of Pi Coin has dropped by over 3% and is now approximately $0.81. The coin previously surged to around $1.60, but it soon fell again – an event that sparked discussion among cryptocurrency enthusiasts, with some expressing worries about potential manipulation in the market.
Currently, Pi is maintaining a significant level of support at approximately $0.79. On the other hand, potential resistance can be found between $0.99 and $1.20. The Relative Strength Index (RSI) is presently close to 52, indicating that Pi Coin is nearing the oversold zone, which might attract buyers seeking an opportunity to enter the market. At this moment, Pi Coin has declined by about 72% from its All-Time High (ATH) of $2.98.
Over 102.7 Million Pi Withdrawn from OKX in Just 3 Days
Amidst the current drop in prices, there appears to be significant activity happening behind the scenes. As reported by crypto analyst Mr. Spock, a massive 102,776,657.17 Pi (π) has been withdrawn from OKX, one of the top global cryptocurrency exchanges, over just the past three days.
Approximately 102.7 million Pi coins, which could be valued in tens of millions of dollars, are currently being transferred on the blockchain in real-time and can be confirmed. These aren’t minor transfers; individual withdrawals have reached up to 70 million Pi.
A New Phase for Pi Coin?
Mr. Spock expressed that Pi Coin has reached a pivotal moment, as it previously encountered doubt about attaining substantial trading volume or practical use. “As skeptics looked on from the periphery, dedicated supporters continued to mine, develop, and hold faith — and now, the fruits of their labor are becoming evident,” he stated.
As Pi shows an increase in significant transactions, on-chain actions, and real-world blockchain usage, it appears that the project has transitioned into a more active phase with broader real-life engagement.
Call for Transparency
In May 2025, the Pi Network experienced an unusual surge of activity, with approximately 7 million Pi being moved within a 24-hour period across around 19,500 user accounts. This movement persisted through the night, suggesting increased automation. Yet, there’s been some apprehension as large amounts of Pi have been transferred from the Pi liquidity reserve wallet to platforms like OKX and MEXC exchanges. Though such actions are permitted under Pi’s economic model, they haven’t been adequately explained. As a result, the community is urging the Pi Core Team to improve transparency and regularly share updates to preserve trust as the network progresses.
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2025-05-23 06:31