Pi Network News: $2.1M in Pi Coin Moved Off OKX as Whales Go All In

Pi Network is getting attention again, and this time it’s not just talk. In the past few days, nearly 4.8 million Pi Coins, worth over $2.1 million, have been pulled off the OKX exchange and sent to a private wallet. That includes a single transaction on July 23 for over 1.4 million Pi, worth around $676,000.

Whales Are Stacking, Not Selling

These large movements were highlighted by Pi Network analyst Mr Spock, who believes this could be a big turning point. According to him, this isn’t just regular trading; it’s whales loading up and moving Pi off exchanges, likely to hold long term. 

When big holders do this, it often means they’re confident in where things are headed, not just looking to flip for quick gains. It also tightens the supply on exchanges, which can push prices higher if demand grows.

Right now, Pi is trading between $0.40 and $0.44, based on community estimates. With the mainnet launch still ahead, the mood among holders is growing more bullish by the day.

Pi Network Gears Up for Bigger Things

Beyond just price moves, the Pi ecosystem is growing fast. Over 13,000 apps have been launched through the Pi AI App Studio, and more businesses are starting to accept Pi for payments. The team is also aiming to plug Pi into the booming AI economy, which could be worth $18 trillion by 2030. Even a small piece of that could massively boost Pi’s value.

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Binance Wallet Accused of Manipulating Pi Price

But not everyone is celebrating. A Pi user going by PinoyPioneer on X has accused a wallet, believed to be controlled by Binance, of messing with Pi prices on exchanges. They claim this wallet is moving funds in a way that manipulates the market, and they’re calling for the Pi community to come together and take action.

While this accusation hasn’t been proven, it’s stirred up concern among some holders, adding more heat to an already charged atmosphere.

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