Pi Network Boosts Ecosystem with Pi Coin Buyback
Pi Network's recent buyback of Pi Coins underscores its commitment to stabilize the market following significant token unlock events.
The Pi Network Core Team, including Dr. Nicolas Kokkalis and Chengdiao Fan, led the initiative to purchase 48.5 million Pi Coins. This move aimed to shield the Pi ecosystem from potential declines. "He claimed that the team created a sub-wallet that has already purchased 48.5 million Pi worth $31 million. These purchases are to help prevent the coin from declining amid the recent token unlocks."
