#PI# The small flash circulation pattern has collapsed, why did OK Exchange experience a big dump?

Starting from the end of 2024, the positions of Xiao Shan on major exchanges began to fluctuate. However, this recent round of changes is no longer a "normal fluctuation," but rather a "big dump."
According to on-chain data, as of May 27, 2025:
OK Stock Exchange Small Flash Balance: Only 22 million Pi remaining, worth about $17 million;
Gate.io balance: up to 146 million Pi;
BG exchange balance: approximately 110 million Pi.
The once-dominant Pi market has now become a "side player." From the data, the OK platform is not "slowly withdrawing," but rather being "emptied out completely," as if someone is deliberately removing bullets one by one from its chamber.
So, the question arises: who did this? Why did they do it? Will it continue in the future?
The reason behind this is:
The hidden power is quietly "moving warehouses": What are Gate and BG doing?
While the inventory at OK Exchange is rapidly declining, Gate and BG are frantically replenishing their positions. Do you think this is a spontaneous action by users? Too naive.
The reality is more likely that the exchanges are competing for the early pricing power of Pi Network.
What do you mean? In the vernacular, it is: whoever has a lot of small flashes in his hands, who has the final say. If you place a pending order to sell 1Pi = 100 US dollars, and people take 100 million Pi to press, the price can be rewritten to 1Pi = 3 US dollars in an instant.
So what about the opposite? If the circulation of Pi coins in the market becomes less and less, making it gradually scarce, exchanges with large holdings can "jointly pump" the price directly to the sky.
Note, this is not a conspiracy theory, but the most common gameplay in the crypto exchange circle:
In the early stage, "injecting liquidity to nurture fish," absorbing retail investors' chips;
In the medium term, "encirclement and manipulation" tightens circulation to create deflation;
Later "joint promotion" creates the illusion of big dumps and getting rich.
Gate is laying out with BG, while OK is either an old player being squeezed out or deliberately exiting to liquidate.
Is Pi Coin entering a deflation countdown? It took only 3 months to go from 100 million to 22 million!
If you still think that Pi Network is an "abundant but useless" air coin, then you need to update your understanding.
From February 2025 to now, the circulation of Xiao Shuan on OK Exchange has fallen from over 100 million to 22 million, which means - a big dump of over 75%, in less than 90 days.
What does this mean?
1. The circulating chips in the market are rapidly concentrating in the hands of a few exchanges and large holders.
2. Once the mainnet migration is fully completed, the "old Pi" will be converted into "real Pi", and retail investors without enough chips will be cornered by the price;
3. The entire ecosystem will shift from "more issuance, more distribution" to "scarcity is king", and Pi Coin will truly enter a new phase of scarcity - high price - strong control.
Let's be straightforward: Pi Coin is likely going through the strongest "deflation + chip concentration" golden period in history, but not everyone can see this opportunity.
What does it mean for OK Exchange to be marginalized?
A platform that once supported the mainstream circulation of Pi coins suddenly cleared its inventory. This is not just a phenomenon, but a signal.
This may indicate two things:
1. OK exits the competition of the Pi Network "spot market" and may focus on planning for "real currency trading" after the mainnet launch;
2. Alternatively, the behind-the-scenes funds actively switch positions, choosing to create a new price anchor point at Gate and BG.
From a user's perspective, if you still consider Pi to be a "speculative chip" like those pumped on exchanges like OK, you may have already fallen behind.
And following pioneers like Gate and BG, who are playing with ecosystem and mainnet mapping in emerging exchanges, may quietly be reaping future dividends.
Don't just focus on the price, the ecological power is being reshuffled!
What is most alarming is not whether the price has risen or fallen, but that the "center of power" is quietly shifting.
Have you noticed:
Recently, when Pi Network officially announced that Banxa supports fiat currency conversion in 100 countries worldwide, Gate reacted the fastest and went live directly in cooperation.
BG Exchange has integrated multiple Pi-related ecological mini-games and payment applications;
The OK exchange, however, has clearly gone "silent," with no supporting actions and no follow-up on the KYC + mapping process upgrade.
What does this mean?
The power of the future Pi coin ecosystem will no longer belong to the platform with the "largest holdings", but to the platform that "responds the fastest and interfaces the most".
You think Pi is just a tool for exchanging coins and making money, but at this stage of ecological development, it resembles a platform war of "who builds faster and who maintains control longer."
As early holders of Pi, what we have is not currency, but voting rights. The platform where you exchange coins and participate in the ecosystem is essentially your vote for who to support.
The scarcity of Xiaoshan is intensifying, can the price of Pi really take off?
We must take a calm look at this issue.
Scarcity ≠ big dump. But scarcity + overall consensus + ecological landing = explosive growth.
Currently, we have seen:
✅ Mainnet KYC progress is underway;
✅ 100 countries have begun to connect to fiat channels;
✅ A large number of ecological DApps are successively integrated;
✅ The browser supports smart contract development.
The only thing not yet seen is the true closed loop of "mainnet migration + wallet free flow + commercial access."
Once this closed loop is formed—
Pi Coin is no longer a "chip exchanged between miners," but a "digital token" that can be used for commerce, investment, trading, hedging, and payment.
By then, the remaining amount of 22 million Pi coins will seem pitifully small, and each of us who still holds Pi may witness a hundredfold or thousandfold leap in price.