Pi Network Experiences Price Spike Amidst Coin Withdrawal Controversy

The Pi Network witnessed a significant price surge following a substantial withdrawal of 86 million PI coins from the OKX exchange on May 21st. This event, reported by the crucial PI.Next.Gen account, saw the remaining stock plummet to just 21 million. The resulting price increase, exceeding 10% within a day, settled at $0.82. While this surge ignited optimism among some, it also sparked debates about transparency concerns surrounding the Pi Network Core Team’s alleged post-Consensus 2025 coin sales. Following these claims of sales by the core team (50 million PI coins), the community is grappling with a complex mix of hope and skepticism.