OKX Sees 15.7M Pi Network Withdrawals Amid Price Dip and Upcoming Token Unlock

Pi Network (PI) experienced a 1.03% price drop to $0.259 as over 15.7 million tokens were withdrawn from OKX following the exchange's resumption of withdrawals. This movement highlights ongoing selling pressure, diverging from the typical bullish sentiment associated with large outflows. Market participants are now preparing for potential volatility as 138.2 million Pi tokens are set to be unlocked in October 2025, which could further test the cryptocurrency's price resilience. The situation underscores the delicate balance between supply dynamics and investor sentiment in the Pi Network ecosystem.

Pi Network Price Dips 1.03% Amid 15.7M Token Withdrawals from OKX

Pi Coin (PI) slid 1.03% to $0.259 as over 15.7 million tokens exited OKX following the exchange's withdrawal resumption. The decline underscores persistent selling pressure, contrasting with typical interpretations of large outflows as bullish long-term holding signals.

Market participants brace for potential volatility with 138.2 million PI tokens scheduled for October unlock. The supply influx could test price resilience amid current bearish technicals.

OKX and Pionex's temporary withdrawal suspensions fueled speculation about impending network upgrades. Community chatter on X suggests these pauses often precede major technical developments or mainnet integrations.

OKB Rebounds Strongly From 20-Day EMA: Is a Explosive Bullish Breakout Next?

OKX's native token, OKB, has surged past its 20-day Exponential Moving Average, signaling potential bullish momentum. The coin now trades at $225.72, marking a 1.72% gain as buyers regain control.

Technical indicators suggest a trend reversal, with on-chain data showing reduced exchange inflows—a hallmark of holder accumulation. Resistance looms at $227.81, while support holds firm at $218.37.

Market watchers note this rebound follows weeks of sideways movement, with volume spikes hinting at renewed institutional interest. The 20-day EMA breach often precedes extended rallies in altcoin markets.