BTCC / BTCC Square / Coingape /
Pi Network Token Rockets as 86 Million PI Vanish from OKX—Whales Playing or Legit Rally?

Pi Network Token Rockets as 86 Million PI Vanish from OKX—Whales Playing or Legit Rally?

Author:
Coingape
Published:
2025-05-21 06:34:51
20
2

Pi Network’s token just got a turbo boost—someone yanked 86 million PI off OKX, and the price is climbing faster than a Wall Street banker’s bonus claims.

Supply shock or smoke-and-mirrors? The sudden pull—worth roughly $20 million at current prices—has traders scrambling. PI’s chart now looks like a caffeine-fueled ECG, spiking 30% in 24 hours.

Behind the curtain: Either a whale’s accumulating for the long game, or someone’s prepping a pump-and-dump spectacle worthy of crypto’s greatest hits. Remember—in decentralized finance, the only thing more volatile than prices are the ’fundamentals’.

On May 21st, overwere withdrawn from thewithin hours, sparking speculation across the Pi Network community. While many view this as a bullish indicator due to reduced circulating supply, controversy brews as accusations emerge that thepost-Consensus 2025.

Currently,, trading at—signaling a strong bullish sentiment in the market.

86 Million PI Tokens Pulled from OKX Exchange

According to, a prominent X account covering PI Network developments,were withdrawn from thein a matter of hours.

Blockchain data shows that onlyin OKX’s wallet. The sudden and massive withdrawal has led to a, often considered a bullish trigger in crypto markets.

Supporters anticipate this could push the market into a sustainedin the coming days.

PI Coin Price Analysis: 

  • Start of May: PI was priced around $0.6141.
  • Early fluctuations kept it within a tight band of $0.5791 – $0.6141.
  • On May 8, a 10.66% spike broke this range.
  • From May 8 to May 13, PI surged by over 112.31%.
  • However, from May 14 to May 17, a strong correction wiped 43.95% off its value.

Renewed Optimism entered the market following theby Pi Network’s Founder & CTO,, who outlined howcan drive global adoption.

Since, the PI token has seen a, with a notablealone.

Pi Network Core Team Accused of Dumping 50 Million PI Tokens

Allegations have surfaced that thefor profit after Consensus 2025. The claims have sparked outrage among some community members, raising questions about transparency.

A well-known PI supporter,, responded on X, saying the accusations are unverified and lack data-backed evidence.

He did confirm that between, nearlywere moved, some of which may have been sold. However, he argued that this amount is minor in comparison to theand is likely aligned with the project’s WHITE paper.

Past Token Movements and Price Impact

  • Between February 20–26, the PI market witnessed a dramatic 2,721.9% surge.
  • However, following the token movements (Feb 27–Mar 4), PI faced its first major correction, dropping by 40.93%.

This pattern of sharp movement has fueled ongoing speculation about internal token management and its effect on market behavior.

Final Thoughts

The recent developments—massive PI withdrawals from OKX, price volatility, and leadership accusations—highlight the. While the community remains largely bullish, calls forcontinue to grow louder.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users