Pi Network86 million PI Coin from the OKX stock exchange on May 21 with the withdrawal of the OKX exchange. This process led to a sudden fall of the circulatory supply, while the PI price increased by 11.4 percent in the last 24 hours to $ 0.82. However, in the shadow of this rise, 50 million units after the Consensus 2025 of Pi Network Core Team Pı His allegations sold controversy. The community is now divided into two. Some see the price rise as a supportive development, while others are worried about lack of transparency.
Large -scale coin shooting from OKX stimulated the market
PI.Next.gen account, which is closely followed by the Pi Network community, OKX He announced that over 86 million PI Coins were withdrawn in just a few hours from the stock market. According to internal data, only 21 million pIs remain on the stock market. Since a gravitational at this scale may cause a shock of supply, it usually prepares the ground for price rise. As a matter of fact, the price responded to the shooting with a double -digit rise in the last 24 hours.
Investors consider this development as the beginning of the rise. PI Coin At the beginning of May, it was $ 0.61. The price, which made a leap of over 10 percent on May 8, gained 112 percent until May 13. However, this rapid rise followed a 43 percent correction between May 14-17. As of May 18, the price recovered again and only increased by 11.4 percent in the last day to $ 0.8268.
Pi Network Core Team’s claim to sell tension
Consensus 2025 After the event, Pi Network Core Team’s claim that he sold 50 million PI coins caused question marks in the community. Some users argue that this sale leads to fluctuation at the price, while supporters emphasize that there is no official or chain evidence yet. Popular pi supporter DAO Worldthe allegations are unfounded, he said. However, in the same period, 9.99 million PI Coin was moved and some of them might have been sold.
Dao World argued that these transfers were compatible with the official documents of the project and that this volume remained insignificant in a system in which 7.17 billion PI Coin migrated. However, a scenario was also experienced at the end of February. Between 20-26 February, the PI price increased by 2 thousand 721 to a remarkable rate, and after the coin mobility in the period of February 27-4 March, it fell by 40 percent. Such movements keep Pi Network Core Team’s impact on the market alive.
On the one hand, the Pi Network ecosystem is overflowing with the optimism of price rise and the reduction of circulating supply, while on the other hand, it is shaken by allegations of the sales of coins from inside. In this line between trust and uncertainty, transparency demands are expressed with each passing day.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
