HomeNewsMillions of PI Coins Withdrawn from OKX: Is Something Unusual Going On

Millions of PI Coins Withdrawn from OKX: Is Something Unusual Going On

A photo that has been posted online has caused an uproar within the Pi Network community, showing millions of Pi being seized from OKX. The issue has sparked controversy among users who have raised doubts about the accuracy of the information and also cited some differences in the Pi’s total supply.

What Is The Controversy Behind The PI Supply?

Some believe that the number of Pi is 100 billion. However, the image suggests a figure of 90 billion. “Don’t publish fake scripts on this website,” one user commented with a harsh criticism of the inconsistency of the numbers. But another user quickly responded, proving that the data is consistent with tests conducted on the Pi Network blockchain, as published by PiScan.io.

This is an additional reason to be concerned about the Pi Core Team’s communication. Despite Pi Network’s potential, it has been criticised for its inability to be transparent. The image is authentic and verified by PiScan, and PiScan suggests it could be linked to the testing.

An Unusual Activity On PI Blockchain

Between 2:00 and 3:00 (KST) from March 30 to April 30, 2025, various unusual transactions occurred on Pi Network. Pi Network blockchain involving four distinct wallets. The four wallets were able to perform transactions that totalled around 900 billion (p). It is a figure which is more than Pi’s authorised amount. It is fascinating to observe that this figure is the highest number of a 64-bit digitised integer that is typically used in the test of systems under stress or overload.

Transaction Analysis Pi Network

Our examination of the most recent Pi Network blockchain activity revealed some intriguing patterns that could be a sign of testing rather than actual transactions by users:

No Value Transfer

The transactions we reviewed did not represent a real Pi exchange of money among wallets. Instead, they appear as structured records of data in the blockchain. The blockchain doesn’t show any real value transfer.

Minimal Balances in Wallets

The wallets studied had low reserves (under 10p), which strongly suggests that these were test accounts that were under Pi Core Team or developer control and not wallets used by users.

Claims with unusual values

Multiple transactions have claimable balances, which have a very small period of time to lock (20-30 seconds), which isn’t an actual time-to-lock that is appropriate for normal transactions. This feature implementation is an excellent illustration of how to use an online network for stress testing.

The findings indicate that the network is growing instead of legitimate transactions within the system. The patterns found are consistent with the traditional blockchain testing protocols before releasing new features or boosting the capacity of the network, providing insight into future Pi Network developments.

Conclusion

Users concluded that the actions could be testing runs run by the Pi Core Team on the mainnet. They don’t affect actual supply levels or the balances between users; however, they raise questions regarding the transparency of testing and testing on a real network.

Tessa Orin
Tessa Orin
Tessa Orin is a crypto writer with a knack for simplifying complex blockchain concepts. From DeFi to NFTs, Tessa Orin explores the latest trends, making crypto more accessible for everyone.
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