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Pi Network Faces Bearish Pressure as Whale Activity Sparks Sell-Off Concerns
Pi Network Faces Bearish Pressure as Whale Activity Sparks Sell-Off Concerns
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network (PI) bucked the broader market recovery trend on Friday, dropping 4% to $0.79 as on-chain analytics revealed significant whale movements. PiScan detected large transactions occurring alongside rumors that the Core team may be liquidating tokens to finance a $100 million startup initiative announced at Consensus 2025.
Technical indicators turned bearish following a trendline breakdown, with analysts suggesting a possible retest of May’s $0.66 support level. Pi has plummeted 62% from its May 12 peak of $1.67, reflecting diminished enthusiasm post-Consensus as traders prepare for potential further declines.
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