OMG Pi Coin Just Plummeted – Is the Crypto Pie Done? 😱

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Oh, Pi Coin (PI), my mysterious digital darling, you’ve slipped a whopping 1.03% to a whopping $0.259 today. And get this: Over 15.7 million tokens bolted from OKX right after they reopened withdrawals, like a bad blind date fleeing the scene. This tiny tumble screams “selling pressure and market jitters,” even as those big withdrawals usually yell “long-term HODL vibes.” But hey, with 138.2 million Pi tokens unlocking in October like a piñata bursting with disappointment, everyone’s watching to see if the flood of extra coins drowns the short-term price dreams. 🙄

Pi coin – OKX Withdrawals 

OKX, the brave soul who first unleashed Pi Coin upon the world, hit pause on withdrawals for some “wallet maintenance” – sounds like they were just regrouping for a dramatic entrance. Pionex, the sidekick, did the same, and boom, the Pi Network gossips on X went wild, tweeting that these halts “often mean big tech upgrades or mainnet magic.” Spoiler: Pi might be gearing up for its superstar moment. Or not. 😏

#OKX does not allow withdrawal of #pi to wallet because the exchange holds the remaining pi and then pushes the price down (so they can sell off. Pioneers should switch to #BitGet exchange. Cheaper fees, more free trading#pinetwork

– NEWS.PI (@NEWS_Pii) October 4, 2025

Fast-forward to withdrawals back on, and whoosh – over 15.7 million Pi tokens vanished from OKX, with a grand total of 17.5 million coins escaping exchanges in 24 hours. Usually, this means investors are like, “Nope, keeping this forever,” but the price kept nosediving anyway, proving that fear and sell signals are crushing the optimism party. 😂

Rising Exchange Reserves Signal Selling Pressure

Despite all that withdrawing drama, Pi Coin’s stash on exchanges has skyrocketed from 263 million in March to over 433 million now – that’s a 65% spike in less than a year, folks. Sure, some folks are pulling out, but more are stacking like they’re hoarding toilet paper. This buildup screams “ready to sell at the slightest rumor,” keeping Pi’s price from soaring to pi in the sky. 🤑

Oversupply Adds to Market Challenges

And now, the cherry on top: 138.2 million fresh Pi tokens hitting the market in October, probably feeling like a family reunion of extras. This tidal wave of coins could smash Pi’s price even flatter, especially with everyone already playing it safe. Pi Network’s shiny new DeFi gadgets and token-making tricks? Yeah, they haven’t exactly lit up the charts yet, leaving Pi lagging behind the crypto cool kids. Sigh. 🤷‍♀️

What’s Next for Pi Coin Price?

The crypto crystal ball is foggy, but investors are glued to whether some fancy upgrades or mainnet miracles (or a market miracle) can rescue Pi from its slump. Big withdrawals might whisper “belief in the long game,” but that swollen supply pile and exchange reserves are like thorns in the crown, hinting at more dips ahead. Next weeks? Crucial plot twist time – will Pi bounce back or keep sliding into oblivion? Stay tuned for the sarcasm. 😜

Today’s Pi antics just nail the altcoin tango: supply rocking chairs, demand playing hide-and-seek, sentiment throwing a pity party. As one smarty on X quipped,

“Pi withdrawals show long-term confidence, but oversupply may keep prices suppressed.”

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2025-10-06 12:51