On Might 21, 2025, over 86 million PI tokens had been withdrawn from the OKX crypto alternate. The info got here from Pi Subsequent Gen, a group monitoring account on X. The occasion decreased OKX’s whole PI holdings to simply 21 million tokens.
This motion triggered a pointy response available in the market. Inside hours, Pi Community’s price surged by 11%. In accordance with CoinGecko, PI traded at $0.8062 after the switch.
The account wrote,
“This isn’t just a withdrawal, it’s a POWER MOVE by the Pi community… Scarcity is kicking in, and the market is feeling the heat.”
No official response from OKX has clarified the explanations for the switch or recognized the pockets proprietor.
Pi Community Worth Response to Provide Drop
The huge outflow of PI tokens coincided with a noticeable spike in price. Buyers typically interpret giant alternate withdrawals as an indication that holders plan to maintain belongings off buying and selling platforms. This reduces accessible provide, generally affecting short-term price motion.
The PI token turned certainly one of CoinGecko’s most searched belongings on the day of the switch. Neighborhood posts steered a coordinated transfer to cut back provide strain. Whereas speculative, the seen shift in liquidity led to speedy market results.
A second put up by Pi Subsequent Gen acknowledged,
“Pioneers are draining the supply, and the price is about to explode.”
The key phrase “Pi Network price” started trending throughout a number of crypto platforms as curiosity spiked.
Pi Community Alternate Listings Nonetheless Lacking
Regardless of the price improve, Pi Community has not but secured an inventory on main crypto exchanges like Binance. The dearth of alternate assist continues to restrict buying and selling quantity and visibility for the token.
The circulating provide of PI stays unverified on prime knowledge aggregators. CoinMarketCap and CoinGecko nonetheless don’t present up-to-date info on the precise circulating provide. A Pi group member commented,
“If CoinMarketCap and CoinGecko would only update the actual circulating supply… investors would really see the actual scarcity of Pi coin.”
The unconfirmed provide figures proceed to trigger confusion. With out clear metrics, merchants depend on third-party group knowledge for market context.
Pi Community Mainnet and Circulating Provide Unclear
Pi Community, recognized for its cell mining method, nonetheless has not launched a full mainnet. This delay impacts confidence in tokenomics and use-case improvement. Though tens of tens of millions of customers have mined PI by the cell app, the venture’s blockchain infrastructure remains to be incomplete.
The circulating provide of PI tokens stays a debated subject. With no full mainnet or clear on-chain metrics, verifying real-time figures stays troublesome. Pi Community has not launched updates on when the complete mainnet will go dwell.
These gaps in infrastructure and itemizing proceed to restrict the PI token’s entry to broader markets. The Pi Community group stays energetic, however the lack of formal recognition on knowledge platforms and exchanges retains visibility low.
Pi Token Decouples from Bitcoin Worth Pattern
Latest knowledge reveals Pi Community’s price motion decoupling from Bitcoin. That is unusual within the crypto market, the place altcoins often comply with Bitcoin’s pattern. In latest weeks, PI token has proven impartial motion throughout market swings.
This separation might create elevated volatility for Pi Community. Within the absence of robust technical fundamentals or alternate listings, impartial price actions expose the token to wider fluctuations.
Whereas Pi Coin stays some of the downloaded crypto functions, its transition to a totally purposeful mainnet stays incomplete. Till then, price shifts just like the one on Might 21 might proceed to attract consideration with out decision on long-term fundamentals.