Pi Coin Slides 4% as Whale Scoops Up 48 Million Tokens Amid Market Uncertainty
Pi Coin’s price dropped over 4% to $0.61, caught between resistance at $0.68 and support at $0.617. Technical indicators reflect market indecision, with a potential 10% rally if it breaks the $0.706 resistance. The token remains 80% below its yearly high, ranking among the poorest performers in the market.
A newly activated wallet acquired 48 million unlocked Pi tokens in one transaction, fueling speculation about institutional interest. This accumulation contrasts with declining retail investor confidence, indicating possible strategic positioning by major players.