The Risk of Collapse in Pi Network Cryptocurrency Prices is Increasing

The Amount of Pi Cryptocurrency on Central Exchanges Increases by 30%

In the past three months, the amount of Pi on central exchanges has shown signs of explosion. From about 263 million Pi in March, this number has increased to 345 million. The growth rate is 30%. This usually signals that retailers are preparing to withdraw cryptocurrency from the market. This sudden shift may indicate that large investors or institutions are divesting. Additionally, outflows from wallets linked to the Pi Foundation's founding team have triggered concerns about the possibility of strong sell-offs.

Trading Activity Decreases by 90%, Red Alert

The cryptocurrency market today is witnessing a sharp decline in the trading volume of Pi. From over 5.4 billion USD, this activity has decreased to less than 500 million USD, equivalent to 90%. With low liquidity, prices often lose momentum, making sudden price drops more likely. The lack of interest from the trading community increases risks for retail investors. The risk of a price crash is even more apparent when the market lacks buyers; just a small sell-off can cause this cryptocurrency's price to plunge.

June 28 – The Life-and-Death Moment

Renowned cryptocurrency analyst, Dr. Altcoin, warns that Pi could drop to 0.40 USD if there are no important updates or announcements from the development team. Meanwhile, many investors hope for a rebound back to 1.70 USD. However, the current trend is negative. Currently, Pi is trading around 0.56 USD, down 1.4% in the past 24 hours, with a market capitalization of 4.13 billion USD. This volatility indicates that the market is poised for a major shock.

Conclusion and Future Predictions

Based on recent indicators and market developments, the possibility of Pi Network continuing to decline deeply cannot be ruled out. Traders should closely monitor signals from exchanges and the development team to make appropriate decisions. The cryptocurrency market is always highly volatile, requiring investors to be cautious and have a tight risk management strategy. Pi could be a great opportunity or an unpredictable risk. The event on June 28 will be a decisive milestone for the future trend of this currency.

Source: https://tintucbitcoin.com/nguy-co-sup-do-pi-network-khi-du-tru-cex-tang-30/

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