Pi Network News: Insider Moves of 102 Million Tokens Spark Doubts Over Pi Core Team’s Role
Mustafa Mulla24 May 20253 min read
Pi Network, which has always been in the headlines, is once again stirring the investors, but not for reasons that inspire confidence. In just three days, over 102 million Pi tokens have been pulled out of the OKX exchange, sparking fears that insiders may be cashing out. Is this the start of a bigger drop, or just a sign of Pi Network’s losing its grip?
Huge Pi Token Movements Spark Debate
According to pseudonymous 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 massive—one moved 70 million Pi tokens at once.
This level of activity has never been seen before in the Pi Network, and while some think it’s a sign of progress. Some Pi supporters are calling it a step forward, saying it shows growth and rising adoption.
After all, the Pi coin is still trading around $0.77, even after a slight drop in the price.
While some people are celebrating the on-chain activity and others are doubting, and they don’t like what they see.
Insider Selling Rumors Stir Worry
Meanwhile, well-known blockchain investigator, Dr. Altcoin, pointed out that 1.4 million Pi coins were moved from a wallet that hadn’t been used before. Shortly after, those coins were sold on the Gate.io exchange. This wasn’t just a one-time thing.
Several other big transfers have been spotted, and they all seem to lead back to wallets that might be connected to the Pi Core Team. Some reports even suggest these wallets could be holding over 90 billion tokens.
That’s made many in the community question how much control the team has and whether the project is as fair as it claims to be.
Pi Coin’s Price Struggle & Faces Unlocking Pressure
In the meantime, Pi coin price has been trying to break past the $0.85 resistance zone, but it’s been stuck. Technical experts warn that if it can’t move higher soon, the price could drop further, possibly down to $0.66 or even $0.55, which we saw earlier this year.
Adding to the worries, over 1.4 billion more Pi tokens are expected to enter the market in the next year. In May alone, 110 million tokens entered circulation. If too many of these tokens end up on exchanges, it could drive prices even lower.
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FAQs
- Evidence suggests wallets linked to the Pi Core Team may be offloading tokens, raising concerns about decentralization and fairness.
