Pi Network Roadmap Lacks Timeline, Stirring User Doubt Amid Massive OKX Withdrawals
21.04.2025 12:07
Pi Network has unveiled a new migration roadmap outlining three phases of token movement—mining rewards, referral bonuses, and node payouts—but the lack of a definitive timeline has left many users confused about when their PI tokens will become transferable. In parallel, over $27 million worth of PI was withdrawn from the OKX exchange in rapid, high-value transactions by a single buyer, sharply reducing the exchange’s available supply and sparking speculation of an imminent price breakout. Despite the off-exchange accumulation suggestive of insider positioning, PI is trading flat at around $0.64 with weak momentum indicators (RSI at 44 and declining OBV), signaling that short-term price action remains subdued while market participants await clearer guidance on the roadmap and migration process.
The ambiguous roadmap introduces short-term uncertainty for PI, potentially keeping the price range-bound as investors await clearer milestones. However, the notable $27M withdrawal from OKX indicates significant off-exchange accumulation by insiders, which could tighten the supply on exchanges and create upward pressure over the long term if accumulation persists. The flat trading price and weak technical momentum currently illustrate that price adjustments might be delayed until the roadmap’s phases become more transparent and are executed.
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