Pi Network Surges as Millions Flee OKX—Is This the Start of a Major Rally?
Green candles erupt for Pi Network as whales make a mass exodus from OKX.
What’s driving the sudden demand—and is this just another crypto pump waiting to dump?
Millions of coins vanished from exchange reserves overnight. Retail traders scramble while institutional players smirk behind their leveraged longs. Classic crypto theater.
Price action turns bullish… for now. But in a market where 'fundamentals' are just Twitter threads and hopium, even a dead cat bounce gets celebrated as a 'macro trend reversal.'
Will Pi defy the skeptics? Or will this end like 99% of altcoin breakouts—with a 50% retracement before lunch? Grab your popcorn.
Pi Coin is showing signs of life, rising by 2% today and now trying to break above the important $0.50 level. This comes after a long downtrend that started in May, when the token peaked at $1.65.
But what’s really caught attention is a big transaction. Someone reportedly bought 2.8 million Pi coins and withdrew them from the OKX exchange. In total, over the last three days, about 12 million Pi coins have been bought and withdrawn from OKX.
Breaking: #PiNetwork
Few hours Back , someone bought 2.8M+ $Pi Coins and withdrawn to wallet from #OKX !
SOURCE WALLET:
GDGII3Q2US4L4NQSR3PYVXMLDEVGEIJA27A3LOFANWTLME2Q5IURFOFM
Since 3 days approx 12M+ $Pi Coins bought and withdrawn from OKX !
Currently Total CEX… pic.twitter.com/fATBS7Rk3O
At the moment, centralized exchanges hold around 356 million PI coins, with OKX holding 19.7 million.
What’s Next for Pi Coin Price?
July could be a bumpy month for Pi Coin. A big token unlock is scheduled, releasing about 318 million Pi (worth nearly $160 million) into the market. This sudden increase in supply might add selling pressure and push prices lower if demand doesn’t pick up.
Currently, bulls are defending the $0.47 support level as bears keep rejecting upward moves. Pi Coin briefly crossed above the 20-day moving average (around $0.56) last week but failed to break through the stronger 50-day resistance at $0.66.
If Pi holds $0.47 and manages to climb back above $0.50, it could target $0.57 and later $0.60. But if it falls below $0.47, the next downside target WOULD be $0.40.
Amid all this, Dr. Altcoin pointed out that the so-called GCV group seems to forget one thing, the Pi Core Team (PCT) has already sold millions of Pi coins for less than $2 each to raise money for the $100 million Pi Network Ventures fund. He said that even the PCT doesn’t believe in those unrealistic GCV price claims.
