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Pi Network’s PI Token Drops 10% Amid Insider Wallet Activity Fears
Pi Network’s PI Token Drops 10% Amid Insider Wallet Activity Fears
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s native token (PI) has experienced a 10% decline within 24 hours, falling to $0.7485 and disrupting its previous bullish trend. Blockchain analytics reveal concerning wallet movements associated with the project’s Core team, including a dormant 4-year-old wallet containing 2 million PI. Market analysts caution this may lead to prolonged selling pressure during a pivotal market period.
Noted pseudonymous researcher Dr Altcoin identified 22,000 potentially interconnected wallets, amplifying community worries about orchestrated sell-offs. The situation casts doubt on Pi Network’s capacity to leverage the ongoing crypto market upswing, with early adopters expressing concerns about squandered growth opportunities.
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