Pi Causes Community Storm: Over 102 Million Pi Withdrawn from OKX, Is It a Sign of "Dumping" from Within?

The cryptocurrency market has recently been shaken by unusual fluctuations related to Pi Network. In just three days in mid-May 2025, over 102.7 million Pi tokens were withdrawn from the OKX exchange, raising concerns that the development team or internal investors are quietly "dumping their holdings." The Big Money Causes Controversy According to a famous anonymous analyst in the crypto community – Mr. Spock, a series of large-scale transactions occurred in a very short period of time. Notably, a single transaction transferred 70 million Pi tokens out of the OKX exchange. This is an unprecedented level of activity in the history of the Pi Network project. Some Pi supporters believe that this reflects the development and increasing acceptance of Pi in the cryptocurrency ecosystem. However, many investors are concerned about the potential for price manipulation and "dumping" by those directly involved with the project. Rumors of Internal Sales Cause Investors to Lose Confidence The famous blockchain analyst – Dr. Altcoin – has discovered a new wallet that first operated by transferring 1.4 million Pi tokens to Gate and was immediately sold. Notably, this is not an isolated case. A series of similar transactions have been recorded, most of which are linked to wallets suspected to belong to the Core Team of Pi Network. Some reports even suggest that these wallets may be holding more than 90 billion Pi tokens – a figure that raises questions among investors about the fairness and transparency of the project. Pi Coin Price Struggles With Resistance – High Sell Pressure Currently, the price of Pi coin is trading around $0.77, after failing to break through the strong resistance level at $0.85. Technical analysis warns that if Pi does not soon break this resistance level, there is a high likelihood that the price will continue to adjust downwards, with the nearest support levels at $0.66 and $0.55 – price levels that were previously reached in early 2025. More concerning, in the next 12 months, it is expected that more than 1.4 billion Pi tokens will be unlocked and put into circulation. In May alone, 110 million new tokens entered the market. The continuous increase in supply, while demand is not strong enough, will create increasing selling pressure, pushing the price of Pi coin into a prolonged decline. What Future Awaits for Pi Network? This event once again raises questions within the community about the future of Pi Network – a project that was once expected to "bring blockchain to the masses". Are these fluctuations merely signs of maturity, or are they a warning bell for an "exodus" from within? In the context of a market that is increasingly sensitive to negative news, investors should exercise great caution, carefully assess information, and manage risk appropriately before making any decisions related to Pi coin.