Pi Network is finally active now? 102 million token withdrawals created chaos in the crypto world
The name of Pi Network has been trending in the cryptocurrency world for the last few years, but now it seems that the time of mere speculation is over. In the last 72 hours, more than 102 million Pi tokens have been withdrawn from the OKX exchange — a moment that seems like a victory for early Pi users, and a big signal for skeptics: Pi Network is now officially active.
What does mass withdrawals mean?
According to data from on-chain data analyst @MrSpockApe, exactly 102,776,657.17 Pi tokens were withdrawn from OKX in just 3 days. These were not normal user withdrawals. Many of these transactions were large-volume — some single transactions were worth more than 70 million Pi tokens!
All this has led to strong speculation in the crypto community that Pi’s open mainnet may have become secretly or partially operational. And when we looked at some transactions on the Pi blockchain, the gas fees were also just 0.01 Pi, which shows the scalability and efficiency of the network.
Real-Time Activity on the Pi Blockchain
Pi supporters are saying that it is not all hype. Real-time activity is happening on the blockchain. Transactions are happening, volume is increasing, and prices are surging. All these indicators are proof that the Pi Network has finally entered a new phase.
But while there is excitement, some transparency concerns have also surfaced.
Insider Wallet Activity – Suspicion or Strategic Movement?
Crypto investigator @Dr_Picoin has traced a wallet that is 4 years old and supposedly linked to the Pi Core Team. This wallet transferred almost 1.4 million Pi to a new wallet, which was later sent to the Gate.io exchange.
Now, technically the Core Team has the authority to make such transfers, especially if they come under the $100 million Ventures fund of Pi Network. But in a decentralized ecosystem, users expect transparency. When liquidity moves so much, communication is very important.
Market Reaction – Pi Coin Price Pump
The market reacted immediately after the withdrawal news. The price of Pi coin went above $0.80, which is a big jump as per the recent performance. However, the price has adjusted slightly and is now trading around $0.77.
The volume has also increased significantly – 30 million+ daily trading volume has been recorded. Analysts say that if the price breaks the $0.90 resistance, it is possible to go up to $1.00, which will be a major psychological milestone.
Community Expectations – Now a journey from Vision to Reality
Pi Network adopted a unique model in its early days – user mining via mobile app, without any real liquidity. But now it seems that that model is evolving.
Now everyone’s eyes are on the Pi Core Team. Users want:
Clear roadmap
Transparent communication
Proper explanation of liquidity flow
Real-world use cases in the Web3 ecosystem
Pi Network is no longer just a vision. It has now become an active blockchain project where millions of users are involved. But ensuring sustainability, governance and decentralization is now the next challenge.
Final Thoughts – Is this the turning point for Pi Network?
This withdrawal frenzy and market surge are a big indicator that Pi Network has finally gotten serious. But at the same time, the involvement of insiders and limited communication also raise some red flags.
Building trust in the crypto world is difficult — and even more so for a once “non-tradable” token. Now Pi Network has a chance to convert its vision into reality. But will the team shoulder that responsibility?
In the next few half-years we will know clearly whether Pi Network will become a long-term player or it was just a short-term speculative hype.