The OKX platform witnessed one of the largest withdrawals of Pi coins to date, with an investor or "whale" withdrawing over 86 million Pi coins, causing the platform's balance to drop to around 21 million only.
This rapid move raised the coin's price by nearly 11% to around $0.80, reflecting increasing confidence among major investors in the future of the currency.
But the event was not without controversy, as claims emerged that the core Pi team sold 50 million coins after the Consensus 2025 conference, which was later denied due to a lack of strong evidence.
Overall, some see this shift as a step towards solidifying Pi's position as a strong emerging currency in the market.
