Massive Pi Coin Exodus from OKX Sparks Rally Speculation

Over 102 million Pi Coins were withdrawn from OKX within days, triggering speculation about a potential Pi Network rally. Despite a recent 3% price drop to $0.81, technical indicators suggest bullish potential as the token holds critical support at $0.79. With resistance levels between $0.99 and $1.20, and the RSI nearing oversold conditions at 52, traders are closely watching for signs of a rebound.

Over 102M Pi Coins Withdrawn From OKX in Days, Is Pi Network Rally Coming?

Pi Coin’s price has declined by more than 3%, currently trading NEAR $0.81. The token briefly surged to $1.60 before retracing—a volatile move that sparked debate over potential market manipulation. Technical indicators show Pi holding critical support at $0.79, with resistance looming between $0.99 and $1.20. The Relative Strength Index sits at 52, teetering near oversold conditions that may attract bullish traders.

Beneath the surface, significant movement is occurring. Analysts report over 102 million PI coins withdrawn from OKX within three days—an exodus that could signal accumulation or strategic repositioning. The token remains 72% below its all-time high of $2.98, presenting both risk and opportunity for market participants.

Pi Network Faces Scrutiny as 102 Million Tokens Moved Off Exchange

Pi Network is under renewed scrutiny after pseudonymous analyst Mr. Spock reported unusual token movements. Over 102.7 million PI tokens were withdrawn from OKX exchange within 72 hours in mid-May 2025, including a single transaction of 70 million tokens.

The scale of these transfers has sparked debate about potential insider activity. Market observers question whether this signals impending sell pressure or reflects deeper issues with the project’s governance. Pi Network’s Core team has yet to address the transactions publicly.

OKX remains the primary liquidity hub for PI tokens, making these withdrawals particularly notable. The exchange saw no equivalent inflow during this period, suggesting the tokens weren’t simply being reallocated between trading venues.