🐋 "Whale Game" shakes the Pi Network currency.. Who's the winner and who's the victim?
In light of the increasing momentum surrounding the Pi Network currency, it has become clear that the whales – the large traders or entities holding massive amounts of the currency – have started to impose their own rhythm on the market.
Over the past few weeks, massive movements exceeding 200 million Pi coins have been observed, transferred to private wallets via over-the-counter (OTC) deals, causing violent price fluctuations, sometimes dropping more than 35% in just a few hours, followed by a rapid rise driven by accumulation and waiting for the opportunity to pounce again.
📉 This manipulation does not go unnoticed, as many users have begun to feel like victims of a "dumping game" being orchestrated behind the scenes, especially with the ongoing ambiguity of the Pi project and the delay in its official listing on major exchanges.
👥 While some bet that these movements may precede a major announcement at the Pi2Day event at the end of June, others see the project as an open arena for massive speculation that does not reflect the true reality of the currency's value or its future.
Has Pi become just a paper in the hands of the whales? Or is what is happening a prelude to a major launch?
The answer remains pending... between hope and deception.