Whale Game🐋 " Is shaking the Pi Network currency.. Who is the winner and who is the victim?
In light of the increasing momentum around the Pi Network currency, it has become clear that the whales - who are the major traders or entities owning massive amounts of the currency - have started to impose their own rhythm on the market.
During the past weeks, massive movements exceeding 200 million Pi coins were observed being transferred to private wallets through over-the-counter (OTC) deals, which caused violent price fluctuations, sometimes leading to a drop of more than 35% within 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 that they are victims of a "dumping game" managed 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 real value of the currency or its future.
Has Pi become just a paper in the hands of the whales? Or is what is happening a preparation for a major launch?
The answer remains hanging... between hope and deception.
What is your opinion?
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