The cryptocurrency market, like many financial markets, is in a rather uncertain position currently. There are a host of macroeconomic pressures and geopolitical tensions that could have a negative impact on price, meaning every small development is an important insight into investor behavior. This is true for the Pi Network, with 86 million of its native tokens being withdrawn and its price surging.
The cryptocurrency seemingly burst onto the scene in 2025. Although there has been some negative pressure on the industry, the asset has been a bright spot. Moreover, its performance amid some interesting investor action has many believing that its best days are still ahead.
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Pi Coins leaving OKX in Bunches as Price Jumps More Than 11%
It has been an interesting week for the cryptocurrency market. Bitcoin has bounced back, with the leading crypto often giving insight into where the industry could go next. Specifically, the asset returned to the $104,000 level with all eyes on a potential all-time high sooner rather than later.
That could further reinforce the positive sentiment surrounding a host of other cryptocurrencies. Among them is Pi, with 86 million of the network’s native tokens leaving the OKX cryptocurrency exchange, and the price responding with a major increase.
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According to a post from Pi Next Gen, a community member, the exchange was “drained” of the token. Moreover, they claimed that it wasn’t “just a withdrawal; it’s a POWER MOVE by the Pi Community.” After the major outflow, the exchange balance of Pi reached just 21 million as the stock jumped more than 11% as a result.
The move is an interesting one, as it provides a supply shock to the asset. There are rumblings it is the result of insider information from some of the token’s largest holders. Yet, it does verify clearly that long-term holders of the asset are not interested in selling it anytime soon. For Pi, that could mean even more increases are on the horizon.