Pi Token Crashes 58% Amid Alleged Insider Sell-Off
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Token’s price plummeted from $1.60 to $0.70 after the Core team transferred 12 million coins, triggering rug pull suspicions. Trading volume spiked 40% to $561 million as panic selling escalated, with over 1.2 million coins hitting exchanges.
Technical analysis indicates potential further declines, with $0.45 as the next target if the $0.59 support level breaks. Community backlash intensified after prominent member Dr Picoin connected the sell-off to strategic HYPE during Consensus 2025, where previous ecosystem announcements had driven the price from $0.40 to $1.60.
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