$BTC
Pi Network Mainnet Activity Signals a New Chapter
The long-anticipated transition of the Pi Network to its mainnet phase appears to be actively unfolding. In the past 72 hours, over 102 million Pi tokens have been withdrawn from OKX, one of the world's largest cryptocurrency exchanges. For early adopters, this marks a pivotal moment. For the broader market, it serves as a clear indication that Pi is no longer theoretical—it is active, liquid, and evolving.
Significant Withdrawals Indicate Mainnet Momentum
According to on-chain data shared by @MrSpockApe, a total of 102,776,657.17 Pi has been withdrawn from OKX within three days. These transactions—many in high volumes—are believed to involve early stakeholders or possibly the Pi Core Team. Several transfers exceeded 70 million Pi each, suggesting that the Open Mainnet may already be underway. These confirmed blockchain transactions, some incurring minimal gas fees (as low as 0.01 Pi), highlight the network’s scalability and efficiency.
Insider Activity Raises Concerns Over Transparency
A separate analysis by @Dr_Picoin revealed movements from a foundation-linked wallet created over four years ago, which transferred over 1.4 million Pi to a new address that later sold large amounts on Gate.io. While such transactions may relate to fundraising efforts—such as the $100M Pi Network Ventures initiative—the lack of transparent communication has prompted calls for greater disclosure.
For Pi to function as a credible decentralized ecosystem, clear policies regarding liquidity and token sales are essential.
Market Response and Price Outlook
Following the developments, Pi briefly rallied to over $0.80 before stabilizing around $0.77—still resilient despite broader selloffs. Trading volume surged to over $30 million daily, with resistance levels now watched at $0.90 and $1.00 for potential breakouts.
