BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Pi Network (PI) Shows Bearish Trends as Core Team Offloads 5.81M Tokens
Pi Network (PI) Shows Bearish Trends as Core Team Offloads 5.81M Tokens
18
1
[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network (PI) dropped nearly 2% on Friday, continuing its sideways trading below the $0.50 mark. Bearish sentiment grew as the Core Team moved 5.81 million PI tokens from foundation wallets, potentially indicating declining confidence among developers.
While investor interest remains, the token outflow suggests increasing skepticism about short-term price movements. Technical analysis reveals consolidation after a Doji candle formation, with no definitive trend direction yet established.
By:
Previous
Bank of Canada Explores Technical Framework for Retail CBDC in New Research
Next
Google’s AI Overviews Spark Publisher Backlash Over Traffic Diversion
