Internal movements of 102 million tokens raise doubts about the role of the PI Core team.
The PI network, which has always been in the headlines, is once again raising concerns among investors, but not for reasons that inspire confidence. In just three days, more than 102 million PI tokens were withdrawn from the OKX exchange, raising fears that insiders may be cashing out. Is this the beginning of a larger rally, or just a sign of the strength of the PI network? The massive movements of the PI token have sparked discussion. According to crypto analyst Mr. Spock, in mid-May 2025, more than 102.7 million PI tokens left the OKX exchange in just three days. Some transactions were huge - one transferred 70 million PI tokens at once. 🚀 102.7 million PI were withdrawn from OKX: The awakening has begun; the moment we've been waiting for is no longer ahead of us - it's happening now. In just the last three days, 102,776,657.17 PI (π) were withdrawn from OKX, one of the top cryptocurrencies in the world... pic.twitter.com/dwhnhtyhcp - Mr. Spock 𝛑 (mrspockape) May 22, 2025. This level of activity has not been seen before in the PI network, and while some believe it is a sign of progress, some PI supporters call it a step forward, saying it shows growth and increasing adoption. After all, the PI coin is still trading around $0.88, even after a slight drop in price. While some people celebrate the on-chain activity, others are skeptical and do not like what they see. Insider selling rumors are stirring anxiety. At the same time, a well-known blockchain investigator, Dr. Alcoin, pointed out by moving 1.4 million coins from a previously unused wallet. Shortly thereafter, these coins were sold on the portal. This was not just a one-time occurrence. Many other large transfers have been observed, and they all seem to lead to wallets that may be connected to the PI Core team. Some reports even suggest that these wallets may hold more than 90 billion tokens. This has caused many in the community to question how much control the team has and whether the project is as fair as it claims to be. The price struggle of PI Coin faces mounting pressure. Meanwhile, the Pi Coin price is trying to break through the resistance area of $0.85, but it is stuck. Technical experts warn that if it cannot rise soon, the price may drop further, possibly down to $0.66 or even $0.55, as we saw earlier this year. Adding to the concerns, over 1.4 billion PI tokens are expected to enter the market next year. In May alone, 110 million tokens entered trading. If many of these tokens end up on exchanges, it could lead to a price drop.