In recent days, Pi Coin (π) has experienced significant price volatility. After reaching a short-term peak at $1.60, the price of Pi quickly adjusted to around $0.81, corresponding to a decrease of more than 3% in the short term. Nevertheless, the important support level at $0.79 is still holding, while the strong resistance area lies between $0.99 and $1.20.

Technical Indicators Suggest Opportunities for Buyers

The RSI (Relative Strength Index) is currently fluctuating around 52, approaching the oversold zone. This indicates the potential to attract attention from investors looking for potential entry points, especially in the context that Pi has decreased by up to 72% from its all-time high of $2.98.

Over 102 Million Pi Withdrawn from OKX – Is a Major Shift Happening?

While the market appears somewhat bleak, a significant event is quietly occurring: over 102,776,657.17 Pi – equivalent to tens of millions of USD – has been withdrawn from the OKX exchange in just 3 days, according to information from cryptocurrency analyst Mr. Spock. Notably, some individual transactions reached over 70 million Pi, verified directly on-chain.

This large volume shift raises many questions about the motives behind it – long-term accumulation, building a real ecosystem, or preparing for a new phase of liquidity and practical application of Pi?

A New Phase for the Pi Network Project?

Mr. Spock believes this is a significant turning point for Pi Coin – a project once doubted regarding liquidity and practical application. 'While skeptics watch from the sidelines, true 'Pioneers' continue to mine, build, and believe – and now, the results are starting to become clear,' he shared.

The fact that Pi shows large-scale withdrawal activity, strong on-chain interaction, and the ability to operate a real blockchain could mark a shift towards a phase of genuine growth.

Call for Transparency from the Community

However, amid positive signals, concerns about transparency are also increasing. In May 2025, the system recorded up to 7 million Pi being moved within just 24 hours, involving nearly 19,500 accounts – a sign that suggests a high likelihood of large-scale automation.

The community is also questioning the transfer of Pi from the system's liquidity reserve wallet to exchanges like OKX and MEXC – an action believed to be within the framework of tokenomics, but lacking transparent public information. Many are calling for the Pi Network development team to provide regular and more transparent reports to strengthen trust and maintain stability as the project enters the next development phase.

Summary

Pi Coin is in a sensitive phase with significant volatility in both price and on-chain activity. Although there are still many doubts and challenges ahead, recent developments could be the precursor to a new chapter – where Pi Network can truly step out of the 'gray area' and assert its position in the global blockchain ecosystem.