102 Million Pi Tokens Shuffle Shadows Core Team’s Intentions—Crypto Watchers Raise Eyebrows

Whale-sized movements never go unnoticed—especially when they involve a nine-figure haul of a project’s native token. The Pi Network community is buzzing after blockchain sleuths spotted 102 million PI tokens changing hands under murky circumstances.

Core team’s silence speaks volumes

No official explanation from Pi’s developers has emerged since the transactions lit up explorers. The lack of transparency fuels speculation about whether this is strategic treasury management or something less savory. Remember folks: in crypto, ’trustless’ doesn’t mean ’trustworthy’.

Timing raises protocol-level questions

These transfers coincide with Pi’s long-awaited mainnet transition—a make-or-break moment for any Layer 1 project. When nine digits move during critical infrastructure upgrades, even moonboys should ask hard questions.

Bonus jab: Nothing reassures investors like watching project insiders treat tokens like hot potatoes before full decentralization. Truly, the spirit of Satoshi lives on.

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. Is this the start of a bigger drop, or just a sign of Pi Network’s losing its grip?

Huge Pi Token Movements Spark Debate

According to pseudonymous crypto analyst Mr Spock, in mid-May 2025, more than 102.7 million Pi tokens left the OKX exchange in just three days. Some transactions were massive—one moved 70 million Pi tokens at once. 

102.7 Million PI Withdrawn from OKX: The Awakening Has Begun

The 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In just the past 3 days, a staggering 102,776,657.17 Pi (π) has been withdrawn from OKX, one of the world’s top cryptocurrency… pic.twitter.com/DwhNhTYHcp

This level of activity has never been seen before in the Pi Network, and while some think it’s a sign of progress. Some Pi supporters are calling it a step forward, saying it shows growth and rising adoption. 

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

While some people are celebrating the on-chain activity and others are doubting, and they don’t like what they see. 

Insider Selling Rumors Stir Worry

Meanwhile, well-known blockchain investigator, Dr. Altcoin, pointed out that 1.4 million Pi coins were moved from a wallet that hadn’t been used before. Shortly after, those coins were sold on the Gate.io exchange. This wasn’t just a one-time thing. 

Several other big transfers have been spotted, and they all seem to lead back to wallets that might be connected to the Pi Core Team. Some reports even suggest these wallets could be holding over 90 billion tokens. 

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

Pi Coin’s Price Struggle & Faces Unlocking Pressure

In the meantime, Pi coin price has been trying to break past the $0.85 resistance zone, but it’s been stuck. Technical experts warn that if it can’t MOVE higher soon, the price could drop further, possibly down to $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.