PI Network Faces Price Dip Amid Suspected Whale Manipulation

BTCC / BTCC Square / Global Cryptocurrency /

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2025-07-09 15:16:15

[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN] PI News -

PI Network's token price unexpectedly dropped 1.57% to $0.46 despite positive developments like the Pi App Studio launch, raising investor concerns about market manipulation.

Order book analysis shows buy orders dominating at 58% versus 42% sells, yet large sell walls at $0.459 with clustered buy orders at $0.457 suggest possible whale activity to suppress prices before accumulation.

The July 4 unlock of 270 million PI tokens added selling pressure, with market observers noting this classic pattern often precedes significant price movements, mirroring historical crypto market behaviors.

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