Massive PI Token Exodus from OKX Sparks Bullish Wave and Controversy

On May 21st, over 86 million PI tokens were rapidly withdrawn from the OKX exchange within hours, sending shockwaves through the Pi Network community. The large-scale outflow has been widely interpreted as a bullish signal, with many speculating that the reduced exchange supply could drive prices upward due to heightened scarcity.

Yet, the optimism is not without its shadows. A growing number of community members are raising concerns about the Core Team's potential involvement in the market activity. Rumors suggest that up to 50 million PI tokens may have been sold by the team following their appearance at Consensus 2025, sparking debate around transparency and the project’s tokenomics.

Despite the controversy, the market has responded positively. As of now, PI is trading at $0.8268, marking an 11.4% increase over the past 24 hours, and reinforcing a strong bullish sentiment among investors.