Pi Network Price Drop 20% as Big Whale Dey Collect 350M PI
Pi Network price drop reach di low level wey e reach last week, na $0.34 before e bounce back go $0.35, dis show say e drop 21% inside seven days. Even though e drop, one mysterious whale wallet wey dey label “GAS…ODM” don collect 350 million PI tokens, na im be sixth biggest holder. People for market dey speculate say dis investor fit be Pi Network Foundation or one exchange wey dey prepare listing. Exchange balances for PI don reduce from 405 million to 400.4 million tokens, which dey reduce sell pressure for now. Technical indicators show RSI of 25, na sign say e oversold and e fit bounce back. One pending Binance listing vote fit boost liquidity and price if dem approve am.
Bullish
Wetin one whale gather 350 million PI reduce di amount wey dey circulate and show say demand strong for di level wey e dey now. E carry join with di drop for exchange reserves from 405 million to 400.4 million, e mean say di immediate sell pressure dey ease. Di RSI wey be 25 mean say market don oversell, and normally after dis kind thing, short-term rebounds dey follow. People talk say Binance fit list am, dis go add more upside chance cos e go bring better liquidity and market access—dis kain tin dey happen for previous token listings. Overall, all dis tins show say market dey bullish for near-term recoveries and longer-term price appreciation.