Pi Network Explodes: OKX Withdrawals Skyrocket—Is This Pi Coin’s Big Break?

Pi Network just dropped a bombshell—OKX exchange is seeing withdrawal volumes surge like a DeFi summer flashback. Is the 'mobile-mined' crypto finally having its moment?

Behind the numbers: While the Pi Core Team stays tight-lipped, blockchain sleuths spot unusual activity. Whale movements or just hype-chasers? The charts don't lie—but they might exaggerate.

Market whispers suggest a mainnet listing could be imminent. Or maybe it's just another 'soon™' in crypto's dictionary of broken promises. Either way, traders are front-running the news like it's 2021 all over again.

Funny how a token that banned trading for years suddenly gets hot when exchanges start playing nice. Just don't ask about the 'utility'—this is crypto, after all.

Pi coin price action demonstrated a bit of bullish activity earlier this week, raising hopes of a price revival, in recent Pi network news.

This was after previously revisiting support within the $0.40 to $0.44 price range where it seemingly struggled to bounce back from.

Pi coin experienced an overall downtrend since May. For context, its $0.44 press time price tag was a 73% discount FORM its $1.67 peak in May.

Moreover, the sell pressure appeared to level out in the last 2 weeks, raising hopes of a relief rally.

Interestingly, PI coin surged by as much as 17% in the first half of the week, confirming accumulation. However, that attempt was short-lived as price pulled back in the last 2 days.

While the pullback may have demonstrated a lack of sustained demand, it raised Optimism about Pi coin’s bullish prospects in the coming week.

Both the MFI and the RSI demonstrated significant upside so far this month, which confirmed relative strength build-up.

Pi Network News: Exchange Withdrawals and Binance Listing Speculation Raise Bullish Optimism

While the price action on Monday and Tuesday demonstrated renewed interest, it may have been fueled by noteworthy developments. For instance, analysts observed large trade pulling Pi coins from the OKX exchange.

Over 4.8 million Pi coins were withdrawn from the exchange in the last 3 days. While they may have appeared arbitrary, they were far from, considering that all of those coins ended up in one address.

The transactions may have raised speculation that a whale was scooping up large sums of the cryptocurrency.

Potentially in response to a potential upcoming move. The large Pi coin purchases further reflected the coin’s rising money FLOW in the last 2 weeks which seemed to indicate accumulation.

Whales tend to accumulate aggressively when anticipating something big. Interestingly, there was a surge in speculation this week that Pi coin could be headed for a Binance listing.

A listing on the exchange could spark excitement and a potential wave of demand because it WOULD offer some validation and boost investor confidence.

However, there was no official confirmation about a potential listing on any major exchange.

Pi Network Price Prediction

The speculative excitement and whale accumulation could potentially trigger FOMO among the Pi coin community.

This means the cryptocurrency could potentially experience another price surge similar to what transpired in the second week of May.

But just how far can Pi coin price go in the event of another major rally? Well, the rumors of a Binance listing could potentially trigger a massive rally.

Such an outcome could potentially push price back above the $1 price level. Analysts believe that it could range between $1 and $2 in Q4.

Other factors that may potentially influence sentiment among the Pi network community. For example, the Pi app studio which was launched on Pi2Day 2025 has since then facilitated the creation of more than 14,000 custom apps and more than 7,600 chatbots.

This confirmed that network activity has been rapidly accelerating. While the rising network activity was a key takeaway, it was also worth noting that the team behind the network did not announce any major changes.

Moreover, staking activity also boosted confidence among the Pi coin community. More than 37 million Pi coins were reportedly staked, which also indicated that holders had a long term focus.

While the bullish prospects were high, it was essential to note that the coin’s vesting schedule had over 138 million coins due for unlock in August.

This rising supply was one of the main reasons for the cryptocurrency’s bearish bias. The August token unlock will likely continue to exert downward pressure on Pi coin price.