HomeNewsIs the Pi Network Going Live? 102M Token Withdrawals Ignite Frenzy

Is the Pi Network Going Live? 102M Token Withdrawals Ignite Frenzy

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  • Over 102 million Pi tokens have been withdrawn from OKX in just 72 hours, signaling that the long-awaited Pi Network mainnet may already be going live.
  • While the surge in activity has sparked market excitement, insider wallet movements have raised concerns over transparency and the need for clearer communication from the Pi Core Team.

The long-awaited Pi Network mainnet might finally be more than just speculation. Over the past 72 hours, more than 102 million Pi tokens have been withdrawn from OKX, one of the world’s largest cryptocurrency exchanges. For Pi’s early adopters, it’s a moment of vindication. For skeptics, it’s a signal that the token is no longer a dormant project, it’s here, live, and moving fast.

Massive Withdrawals Point to Pi’s Next Phase

On-chain data tracked by analyst @MrSpockApe reveals that exactly 102,776,657.17 Pi tokens have been pulled from OKX in just three days. These aren’t casual user withdrawals, many of these are massive, high-volume transactions, some exceeding 70 million Pi in a single move. The implication? The token’s Open Mainnet may already be live in some capacity.

What’s more, the transactions were processed on the token’s blockchain with minimal gas fees, some as low as 0.01 Pi, showcasing the network’s capability to scale efficiently. For many, this isn’t just hype or a marketing ploy it’s the real deal, unfolding in real time.

Insider Wallet Activity Raises Transparency Questions

However, the excitement is not without controversy. A closer look by on-chain investigator @Dr_Picoin identified transactions suggesting potential insider involvement. One wallet, linked to the Pi foundation and created over four years ago, has reportedly moved over 1.4 million Pi to a new wallet, which then offloaded large amounts of tokens on Gate.io.

While the Pi Core Team is entitled to move funds, especially if aligned with initiatives like the $100 million Pi Network Ventures, the community is pushing for greater transparency. In a decentralized economy, stakeholders expect clear communication, especially when significant liquidity movements are involved.

Market Reaction and Pi Coin Price Outlook

Market response has been swift. The token’s price surged past $0.80 following the withdrawal news, before correcting slightly to around $0.77. While this remains far below its $2.99 all-time high, it signals market resilience and growing interest.

Trading volume has surged past 30 million in daily activity, hinting at renewed speculation and investor optimism. Analysts are now watching the $0.90 level as a critical resistance point, with a potential breakout above $1.00 marking a major psychological and technical milestone.

Final Thoughts – Pi’s Reality Check Is Here

After years of operating in a gray zone—massive user adoption without a fully live or tradable token—Pi Network appears to be transitioning into its next phase. The recent withdrawals, combined with trading volume and price action, suggest the mainnet is not just near—it’s already operational.

Now, the spotlight is on the Pi Core Team. As the network grows, users will demand transparency, a clear roadmap, and assurances that Pi can mature into a sustainable Web3 ecosystem.

Pi is no longer just a vision. It’s live, on-chain, and entering the global crypto arena—ready or not.

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Dennis Grace
Dennis Grace
Peter Macharia is a crypto enthusiast and seasoned writer who specializes in blockchain technology, digital assets, and decentralized finance. He has a talent for simplifying complex concepts and turning them into engaging informative content. With a deep understanding of the industry, Peter delivers clear and precise analysis that resonates with both beginners and experienced crypto enthusiasts.
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