Pi Network Price Edges Up as 15 Million Pi Coins Withdrawn — Is Investor Confidence Starting to Waver?

Jakarta, Pintu News – More than 15.7 million Pi Coin from Pi Network have been withdrawn from OKX in the last 24 hours (6/10), after the exchange reopened withdrawals after temporarily halting them.

Typically, large exchange outflows are considered a positive sign as they indicate investor confidence and a propensity forlong-term holding.

However, interestingly, the price of Pi Coin has actually decreased over the same period, signaling that market sentiment is still cautious despite the optimistic signals from the large withdrawal activity.

Then, how is Pi Network’s current price movement?

Pi Network Price Rises 1.8% in 24 Hours

On October 7, 2025, the price of Pi Network was recorded at $0.2656, an increase of 1.8% in 24 hours. If converted to the current rupiah ($1 = IDR 16,572), then 1 Pi Network is IDR 4,401.

Read also: 3 Unlock Tokens to Watch out for in the Second Week of October 2025

Over the past 24 hours, the price of PI moved within the range of $0.2597 – $0.2682, showing relatively stable volatility. Daily trading volume reached $36.89 million, signaling active transaction activity among traders and the user community.

Pi Network’s market cap now stands at around $2.18 billion, while its fully diluted valuation (FDV) stands at $3.36 billion.

Investors Withdraw 15.7 Million Pi Coin from OKX

OKX, which was the first exchange to list Pi Coin, recently suspended withdrawals – an issue that has been discussed by Pioneers on the X (formerly Twitter) platform.

Based on screenshots shared by users, the withdrawal pause was caused by wallet maintenance, which is claimed to be done to improve system security.

Interestingly, it’s not just OKX that is doing this. Some Pioneers have also reported that crypto exchange Pionex implemented a similar suspension, further fueling users’ concerns.

While initially frustrating, this pause in withdrawals has led to speculation about the possibility of technical updates or new integrations relating to the Pi Network mainnet transition.

“There is no official reason yet, but based on previous experience, this kind of thing often happens before a major integration or upgrade,” said one Pioneer.

After OKX reopened withdrawals, there was a huge spike in outflows. Based on data from PiScan, more than 15.7 million PI tokens were withdrawn from OKX in just 24 hours, with a total of more than 17.5 million PI exited from various platforms in the same period.

While these outflows lowered balances on exchanges, Pi Coin’s total reserves on various exchanges actually increased – from 263 million PI in March to 409 million in August, and has now surpassed 433 million PI, or an increase of about 65% since March.

This increase indicates that more tokens are being held on the exchange, a trend that could be interpreted as increased potential selling pressure in the market, although the large outflows from OKX signal significant movement among investors.

Read also: ASTER Crypto Price Rebounds to $2 Before Binance Listing – Early Sign of Uptober Rally?

Pi Network Experiences Selling Pressure

Meanwhile, the selling sentiment towards Pi Coin (PI) was evident from its market performance, where even a massive surge in withdrawals from exchanges was unable to push the price up.

While many other cryptocurrencies recorded gains during the month, PI prices fell 1.4%, moving in the opposite direction of Bitcoin (BTC) and most other altcoins.

Pi Network’s continued expansion – including the launch of various new DeFi tools and token generation features – has also not managed to drive price increases in the market. Based on BeInCrypto Markets data on October 6, the price of PI fell 1.03% in the last 24 hours and is now around $0.259.

Adding to the pressure, oversupply concerns still loom over Pi Coin. It is noted that around 138.2 million PI tokens will be unlocked throughout October, which has the potential to further depress prices amidst the already fragile performance of the altcoin market over the past few weeks.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Over 15.7 Million Pi Coins Leave OKX as Price Slides Further. Accessed on October 7, 2025