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Pi Coin Slides 4% as Whale Scoops Up 48 Million Tokens in Single Transaction
Pi Coin Slides 4% as Whale Scoops Up 48 Million Tokens in Single Transaction
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin’s price dropped 4% to $0.61, caught between resistance at $0.68 and support at $0.617. Technical indicators reflect market uncertainty, with a potential 10% rally if the $0.706 resistance level is breached. The token remains 80% below its yearly peak, ranking among the poorest performers in the market.
A newly created wallet acquired 48 million unlocked Pi tokens in one transaction, fueling speculation about institutional or government participation. This large-scale accumulation starkly contrasts with waning retail investor sentiment.
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