The Pi Network token (PI) is showing renewed momentum, climbing over 2% today and testing the psychologically significant $0.50 resistance level. This upward movement marks a potential reversal after a prolonged bearish phase that began in May, when PI reached an all-time high of $1.65 before entering a steady correction.
What’s particularly capturing market attention isn’t just the price action—but a series of large-scale withdrawals from major exchanges. Reports indicate that a single wallet recently acquired and withdrew 2.8 million PI coins from OKX, one of the world’s largest cryptocurrency exchanges. Over the past three days, more than 12 million PI tokens have been purchased and moved off exchange platforms, suggesting growing confidence among long-term holders.
🔥 Breaking: A wallet recently bought over 2.8 million Pi coins and withdrew them from OKX.
In just 72 hours, approximately 12 million Pi tokens have exited exchange wallets—signal or speculation?
This movement highlights increasing demand for self-custody and could reduce circulating supply on trading platforms.
Currently, centralized exchanges (CEXs) collectively hold around 356 million PI tokens, with OKX accounting for roughly 19.7 million. When large volumes leave these platforms, it often indicates that investors are taking control of their assets—potentially reducing sell-side pressure and supporting price stability.
👉 Discover how large token movements impact market trends and investor sentiment.
Pi Coin Price Outlook: Can $0.50 Hold?
July 2025 presents both opportunities and risks for Pi Network investors. While the recent rally suggests short-term bullishness, a major token unlock event looms on the horizon. Approximately 318 million PI tokens, valued at nearly $160 million, are scheduled to enter circulation. Such a sudden supply surge could weigh on prices—especially if demand fails to keep pace.
Technical indicators show a tug-of-war between bulls and bears. The price briefly reclaimed the 20-day moving average (currently near $0.56) last week but was rejected at the stronger **50-day moving average resistance** at $0.66. This suggests that while buying interest exists, sustained upside momentum remains elusive.
Key support sits at $0.47**—a level bulls are actively defending. If PI maintains this floor and pushes above $0.50 with volume, the next targets could be $0.57**, followed by **$0.60. However, failure to hold $0.47 may trigger further downside pressure, with **$0.40 emerging as the next major support zone.
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Behind the Scenes: The Pi Core Team and Market Realities
Despite enthusiastic speculation within some community circles—particularly around so-called "GCV" (Grand Cyber Vision) price predictions—market realities suggest more tempered expectations. Analyst Dr. Altcoin recently highlighted a critical point: the Pi Core Team (PCT) has already sold millions of PI tokens at prices below $2 per coin to fund **Pi Network Ventures**, a $100 million investment arm aimed at expanding the ecosystem.
This strategic move indicates that even the project’s developers are operating with pragmatic financial goals rather than betting on hyperbolic valuations. It also underscores the importance of evaluating Pi not through speculative hype, but through tangible metrics like ecosystem growth, mainnet progress, and real-world utility adoption.
Today, the Pi ecosystem hosts over 7,900 AI-powered applications, signaling strong developer engagement. However, full mainnet activation—and broader listing on tier-1 exchanges beyond OKX and a few others—remains crucial for long-term credibility and liquidity.
👉 Explore how ecosystem development influences emerging crypto projects’ success.
Frequently Asked Questions (FAQs)
What is Pi Coin’s current price?
As of early July 2025, Pi Coin (PI) is trading at approximately **$0.5026**, reflecting a gain of about **1.84%** over the past 24 hours. The token is attempting to break above the $0.50 resistance after consolidating in a tight range.
Why did millions of Pi coins leave OKX?
Over 12 million PI tokens have been withdrawn from OKX in the last three days, including a single transaction of 2.8 million coins. While the exact motive is unknown, such movements often signal accumulation by whales or institutional investors who prefer self-custody over exchange storage—potentially reducing sell pressure.
How might the upcoming token unlock affect Pi’s price?
A scheduled unlock of 318 million PI tokens (worth ~$160 million) could increase circulating supply significantly. If demand doesn’t rise proportionally, this may lead to downward price pressure—especially in a sideways or bearish market.
Is Pi Network fully launched on mainnet?
No, Pi Network has not yet achieved full mainnet launch with open trading and unrestricted transfers. It remains in an enclosed mainnet phase, limiting liquidity and exchange availability—a key factor affecting its valuation compared to other established cryptocurrencies.
Can Pi Coin reach $1 again in 2025?
While possible under strong bullish conditions, reaching $1 would require exceptional catalysts: full mainnet activation, major exchange listings (e.g., Binance or Coinbase), and widespread app adoption. Given current fundamentals and the upcoming token unlock, most analysts view a move toward $0.58–$0.60 as more realistic in the near term.
Is Pi Coin a good long-term investment?
Pi Coin presents both opportunity and risk. Its massive user base (hundreds of millions of engaged participants) and growing app ecosystem offer long-term potential. However, concerns around centralization, limited transparency, and delayed mainnet progress mean investors should approach with caution and conduct thorough due diligence.
👉 Learn what makes a cryptocurrency project sustainable beyond early hype cycles.
Final Thoughts: Sentiment Shifts Amid Real-World Challenges
The recent price rebound and off-exchange accumulation suggest improving sentiment around Pi Network. The withdrawal of millions of tokens from OKX may reflect growing conviction among holders who believe in the project’s long-term vision.
Yet, challenges remain—especially with the looming token unlock and ongoing questions about decentralization and roadmap execution. For Pi to sustain its momentum beyond short-term speculation, it must deliver concrete progress on mainnet openness, exchange partnerships, and real-world use cases.
As always in crypto, price tells only part of the story. The true test for Pi lies not in daily fluctuations—but in its ability to transition from a community-driven experiment into a functional, scalable blockchain ecosystem.
For investors watching closely, every wallet movement and technical breakout offers clues—not just about price direction, but about the evolving trust in one of crypto’s most unique grassroots projects.