Pi Network Whales Withdraw $2.1M From OKX as Strategic Holding Indicated

A significant withdrawal of Pi Coin valued at $2.1 million has been recorded as large holders, or “whales,” moved nearly 4.8 million Pi Coins off OKX, a major digital asset exchange [1]. The transfers, including a single transaction of 1.498 million Pi on July 23, 2025, worth approximately $676,986, have sparked speculation about long-term confidence in the Pi Network ecosystem. The movement aligns with patterns seen in other cryptocurrencies, where large-scale transfers often precede notable price shifts. Analysts, including Pi Network observer Mr. Spock, suggest that these withdrawals indicate strategic accumulation rather than short-term trading, with whales likely holding Pi for extended periods. Such activity typically reduces exchange liquidity, potentially driving prices higher if demand increases.

The current price of Pi ranges between $0.40 and $0.44, based on community estimates, as the network prepares for its mainnet launch. The ecosystem has seen rapid growth, with over 13,000 applications developed through the Pi AI App Studio and increasing adoption in merchant payments. The project’s integration with the AI economy, projected to reach $18 trillion by 2030, is cited as a potential catalyst for long-term value. However, the lack of regulatory clarity and institutional adoption remains a challenge.

Concurrently, concerns have emerged regarding alleged market manipulation. A Pi user, identified as PinoyPioneer, accused a wallet—believed to be controlled by Binance—of influencing Pi’s price through coordinated transactions. While unproven, the claims have intensified debates within the community about transparency and fairness. The wallet in question is alleged to hold hundreds of millions of Pi, raising questions about its impact on market dynamics.

The interplay between whale behavior and ecosystem development highlights Pi Network’s evolving role in the crypto landscape. With whales consolidating holdings off exchanges and the network expanding into AI and payments, the project’s trajectory remains closely watched. However, the opaque nature of on-chain movements and unresolved accusations underscore the need for greater clarity in both technical and governance aspects.

Source: [1] [Pi Network News: $2.1M in Pi Coin Moved Off OKX as Whales Go All In] [https://coinpedia.org/news/pi-network-news-2-1m-in-pi-coin-moved-off-okx-as-whales-go-all-in/]