PI Token Tanks as Wall Street Walks Away—’Proof of Institutional Disinterest’ Hits All-Time Low
Another crypto darling bites the dust—PI’s price chart now looks like a ski slope as hedge funds pull the plug. Guess those ’long-term blockchain plays’ only last until quarterly reports are due.
No bailouts, no mercy: The token’s 30% freefall this week proves even ’decentralized’ projects live or die by the whims of suits in Manhattan skyscrapers. So much for ’disrupting traditional finance.’
Silver lining? Retail bagholders now get front-row seats to Wall Street’s favorite game: pump, dump, and pretend it was ’risk management’ all along.
Pi Network Taps Into Gaming to Showcase Real crypto Utility
What’s more troubling is the behavior of institutional players. The Smart Money Index (SMI), a tool that tracks activity during early and late trading hours to infer institutional movements, has been steadily declining for PI. This points to reduced buying interest from large investors, often a warning sign that deeper losses could follow.
Together, the weakening BBTrend and falling SMI indicate that both technical and fundamental forces are working against PI. Unless momentum shifts or broader market sentiment recovers, the token could face additional pressure in the near term.
