Pct is releasing pi and migrating them to people wallet everyday. Also people who have not done KYC their pi’s are going back to max supply. Which are mentioned as forfiet.

“This might shed some light on this, but from what I see, the Pi Core Team is clearly manipulating the Pi price. Yesterday, at 16:03, the circulating supply was 6.81 billion, and the price was $1.14. Shortly after, the PCT added 10 million coins, increasing the supply to 6.82 billion. This caused the price to drop, triggering panic and prompting people to short-sell their Pi, which further pushed the price down to around $0.85.

Today, the PCT reduced the circulating supply by 60 million to 6.79 billion, which instantly pumped the price to $1.10.

Why would the PCT manipulate the price unless they wanted institutions to buy Pi cheaply?

I hope I am wrong, but if this is indeed the case, it is a clear sign of manipulation, making the system seem rigged and centralized to the detriment of pioneers and everyday retail investors”.