Pi Network price today, May 28, 2025: Pi's mainnet is gradually going live.
Pi Network's price today, May 28, 2025, is down 0.4% compared to yesterday, currently at $0.7682 USD. In just 72 hours, over 102 million Pi tokens have been withdrawn from the OKX exchange. This is a clear indication that Pi's mainnet is gradually becoming operational.
Pi Network price today, May 28, 2025
The price of Pi on the OKX exchange on May 28, 2025, is fluctuating around $0.7672 to $0.7913 (equivalent to VND 19,910 to VND 20,500). As of the time of writing, the price of Pi on the OKX exchange has decreased by 0.4% compared to yesterday, reaching VND 19,920.
In just 72 hours, over 102 million Pi tokens were withdrawn from the OKX exchange. This is no longer a test or a promise from the Pi Network community, but a clear indication that the Pi mainnet is gradually becoming fully operational. For those who have followed the project from the beginning, this is a long-awaited moment. For the cryptocurrency market, this is a warning that Pi has moved from idea to reality.
According to publicly available on-chain data shared by the @MrSpockApe account, a total of 102,776,657 Pi were withdrawn from OKX over three days. Notably, there were transactions of over 70 million Pi at a time, suggesting that major shareholders or the Pi Core development team are beginning to activate the real liquidity phase, ushering in the "Open Mainnet" period.
Notably, all these transactions are processed directly on the Pi blockchain, with gas fees of only about 0.01 Pi. This demonstrates the scalability and operational efficiency of the network.
However, not all signals are positive. An analysis from the @Dr_Picoin account indicates that a wallet created four years ago with an initial balance of 2 million Pi quietly transferred over 1.4 million Pi to a new wallet. This wallet was later found to be linked to large sales on the Gate.io exchange. This raises concerns about internal "liquidity pumping" activity.
Although the Pi Core Team has the right to rotate tokens for development purposes, especially in the context of their launch of the $100 million Pi Network Ventures investment fund, the community still demands greater transparency.
In an ecosystem geared towards true decentralization, transparent information about token usage is mandatory, not optional.
Japanese bond crisis escalates: Is Bitcoin emerging as the new safe haven?
In just 45 days, the yield on Japan's 30-year government bonds surged to 3.20%, marking a record high and sending shockwaves through global financial markets. The 40-year bonds, considered safer, lost more than 20% of their value. The total estimated loss amounts to $500 billion.
The main reason stems from the Bank of Japan's (BOJ) sudden policy shift. After years of maintaining bond purchases to keep yields low, the BOJ abruptly withdrew, flooding the market with supply. This caused yields to surge and liquidity to plummet, reaching levels not seen since the Lehman Brothers crisis.
The shock from Japan is impacting the "yen carry trade" strategy – where investors borrow yen at low interest rates to invest in high-yielding assets overseas. With domestic yields rising sharply and the yen fluctuating, this strategy faces significant risks, especially for positions that utilize financial leverage.
In this context, the cryptocurrency market, particularly Bitcoin, is attracting renewed attention as an alternative "safe haven." Many investors are beginning to turn to Bitcoin as a safeguard against the unpredictable volatility of traditional financial markets.
However, choosing Bitcoin is not entirely risk-free. If a global sell-off occurs, the money could flow back to the USD, putting pressure on the prices of risky assets like cryptocurrencies.
Nevertheless, in the long term, the debt crisis in Japan may lead institutional investors to reconsider the role of Bitcoin and other digital assets as a more effective hedge against risk, amid waning confidence in government bonds.
