Pi Network’s (PI) price just entered a phase of sideways consolidation, but not before the mobile mining altcoin retested its new all-time low (ATL). Certainly, Pi’s price is still trading above the support floor of $0.25, but just 1.9% above the all-time lows of $0.2552 hit two weeks ago.
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At $0.26 right now, Pi coin’s trading volumes on Spot markets remain relatively low, hitting $22,869,480 in the latest 24-hour period. Moreover, an incident last weekend on one of the most popular crypto exchanges has sparked further discussion about Pi’s exchange liquidity.
Pi Drowns In OKX Liquidity Swamp, Pioneers Fussed
According to multiple strong voices in the Pioneer community, OKX exchange temporarily suspended the withdrawals of Pi Coin on Pi Network on Saturday. Some allegations point to a theory of immense sell-offs by OKX’s customers – a whopping 15.7 million in Pi tokens had left the exchange immediately after the exchange’s Pi cash-outs were re-opened to the public.
Zooming out, the monthly prospective is even harsher on Pi Coin’s (PI) price, slumping by 23.9% in 30 days. While OKX exchange’s on-demand liquidity for Pi Network is questionable, some smaller popular centralized exchanges like MEXC & Bitget provided a smooth experience, but the inability to secure new listings from other CEXs had caught up with the Pioneers.
Pi Battles Coin Unlocks With Utility-Based Rocket Fuel
On the other hand, the 15.7M drop in OKX exchange reserves for Pi Network (PI) could induce much longed-for scarcity. Ever since the mainnet’s launch in Q1 of 2025, Pi Network’s inflation battles have been known to the public, as millions of Pi Coins get unlocked from the vesting schedule. Ultimately, Pi’s price dipped from $2.99 to $0.26 today, over 91% since the peak.
With over 119 million Pi Coins (PI) still on-lock and ready to get poured into the markets this month, there’s two sides of the story. The average daily unlock for October below 4 million definitely serves a softer blow than 5-10M unlocks the previous month, but it can still impact Pi’s price if the trading volumes and market demand aren’t met with fresh bull impulses.
For now, the 60 million-strong crypto community is looking for a major catalyst to spark a renaissance in Pi Coin’s decentralized finance (DeFi) ecosystem, awaiting new utility cases.
This is done via the Pi Network Hackathon 2025, which showcased top contenders with unique utility such as no-middleman produce & eco-friendly Real-World Asset (RWA) trades via Nature’s Pulse.
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People Also Ask:
Liquidity is how easily you can buy/sell Pi Coin without big price swings. On OKX (a major exchange), it’s super low right now—only $33K-$60K depth for 2% moves—due to token unlocks flooding the market, making trades sluggish like a jammed highway.
Big token unlocks (like 119M in Oct 2025) and 15.7M withdrawals from OKX are overwhelming supply. Plus, limited exchange listings and slow adoption mean fewer buyers, dropping prices to $0.26 from a $2.98 Feb peak.
It creates a “swamp”—sellers outnumber buyers, pushing prices down over 91% overall since the all-time high. But low liquidity can amplify bounces if good news hits, like more listings.
Short-term, yes—harder to trade and more volatility. But it’s common for new coins post-mainnet (Pi’s launched Feb 2025). Long-term, it could build if adoption grows via dApps and real-world use.
Maybe! Lows often signal “buy the dip” for bulls—patterns like double-bottoms hint at rebounds to $1+ in 2025 if unlocks ease and institutions jump in (e.g., Sweden’s Pi ETP). Patience pays in crypto!
