Pi Coin Faces Withdrawal Suspension on Exchanges As Price Dips Below $1
The long-awaited official release of PI Network has been listed on various exchanges, but users are now facing the issue of withdrawing their PI tokens. The price of the Pi is fluctuating significantly, and at press time it is priced under $1. This volatility has led to a positive sales trend for holders.
A user based in the UK Question whether regulations may be a factor in these sudden changes and ask why this withdrawal problem is happening now. It is unclear whether the volatility of the evacuation and the reasons for the suspension of school are unclear, but regulatory issues may play a role in uncertain market conditions.
In addition to price issues, many PI network users have also reported difficulties with exchanges such as BITGET and OKX. One user mentioned that they saved 1,500 pi to bitget just to find the token that is stuck to the platform. Others raised similar concerns on social media, prompting an explanation of the PI Core team’s inquiry.
For those using OKX, the platform has suspended PI withdrawals for more than 24 hours, as another user reported. Frustrated with the pause, the user contacted OKX support and suggested providing their unique ID and email address to initiate the return process. Although the user requested a refund and received an email, it was not confirmed when the withdrawal would resume.
bitget responded to the email and wrote, “Greetings from Bitget. We would like to inform you that your request is currently being processed and has been upgraded to the relevant team to speed up the process. Please rest assured that your request is our current top priority. We ask for your understanding And patience. Once again, we apologize for any inconvenience caused. You may want your request to be completed within the next 24-48 hours.”
It is recommended that PI network users keep up to date on communications and PI Core team announcements as the situation is still under development. Amid uncertainty, PI Network Team issues a statement And write: “Beware of fake PI lists on various DEXs. It is important to note that the PI pairs currently listed on all DEXs are fraudulent and are likely to be part of the scam, which will cause you to lose PI Network strongly recommends that you avoid participating in any current DEX trading pairs.”
