Pi Network Roadmap Sparks Doubts, Price Holds at $0.64
Key Takeaways
- Pi Network has released a new roadmap – but without specific timelines.
- The lack of transparency is causing uncertainty among users.
- Over 13 million PI were withdrawn from OKX in a short period – fuelling speculation.
- The price of PI remains stable at around $0.64 USD despite high outflows.
Unclear Roadmap Causing Frustration
After a long wait, Pi Network has introduced a new roadmap. The goal is to structure the migration to the so-called “Open Mainnet.” However, instead of providing clarity, the document raises new questions.
The roadmap outlines three phases of token transfers: mining rewards, referral bonuses, and node payouts. However, it lacks a concrete timeline. Users do not know when their PI tokens will become transferable or how long the process will take.
Additionally, Pi Network itself states that the displayed “transferable balances” may be lower than the actual holdings. This fuels mistrust. Some users are now questioning the technical foundation of the project – especially whether a real blockchain actually underpins the system.
Massive Outflows on OKX Raise Questions
Alongside the roadmap release, unusual activity was observed on the crypto exchange OKX. Within 48 hours, over 13 million PI were withdrawn. Three large transactions – all from the same address – totalled more than 41 million PI, valued at approximately $27 million USD.
These outflows have significantly reduced the available supply on OKX. Market observers speculate whether major investors (“whales”) are positioning themselves for a potential price increase. The declining exchange reserves could indicate an upcoming supply shortage.
PI Price Remains Stable Despite Movement
Despite the high outflows, the PI price remains unaffected. At the time of analysis, the price stood at $0.64 USD – barely changed. Trading volume is low, the Relative Strength Index (RSI) is at 44, signalling weak momentum. The On-Balance Volume (OBV) indicator is at -13.56 million, pointing to continued selling pressure since March.
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However, the price has been moving sideways since early April. This could indicate a phase of accumulation. If the withdrawal of PI tokens from exchanges continues, a so-called “supply shock” could shift market sentiment. For a true trend reversal, buyers would need to break the $0.75 USD mark.
Our Assessment
The release of the roadmap was long overdue, but it brings more uncertainty than guidance. Without clear timelines, it remains unclear when users will actually be able to use their PI tokens. This damages trust in the project.
At the same time, the massive outflows from OKX suggest that some market participants believe a significant event is imminent – whether it’s a technical update or a price increase. However, the market currently lacks the momentum to confirm this movement.
If you are invested in PI or planning to do so, you should closely monitor further developments. In particular, the actual implementation of the roadmap and the market’s reaction to declining exchange reserves could be decisive.
Sources
- TradingView
- X (formerly Twitter)
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