The price of Pi Coin continues to fluctuate, experiencing a drop of over 3%. At the same time, significant market movements are capturing the community's interest.
Current Situation with Pi Coin Price
Currently, Pi Coin is priced around $0.81, having recently spiked to $1.60 before quickly retracting. This has sparked debates within the crypto community, raising concerns about potential manipulation. Presently, support is at $0.79, while resistance ranges from $0.99 to $1.20. The Relative Strength Index (RSI) is hovering near 52, placing the token on the edge of oversold territory.
Mass Withdrawals from OKX
In the last three days alone, over 102.7 million Pi has been withdrawn from OKX. Crypto analyst Mr. Spock reported that these movements could represent significant sums being transferred on-chain. Some individual withdrawals exceeded 70 million Pi.
Call for Transparency in the Project
In May 2025, Pi Network experienced unusual migration activity, with 7 million Pi moved in just 24 hours across nearly 19,500 accounts. Although these actions are allowed under the tokenomics, the community is calling on the Pi Core Team for clearer communication, including regular reports to maintain user trust.
The situation surrounding Pi Coin raises many questions, especially in light of large withdrawals from the exchange and calls for improved transparency. The future of the project will depend on the team's responses and community engagement.
