๐จ Pi Network at a Crossroads โ Whale Buys While CEX Balances Surge ๐ง
๐ Pi (PI) drops 2% Tuesday, failing to rally with the rest of the altcoin market โ even as Bitcoin hits new ATHs. Now retesting key $0.446 support as pressure mounts.
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๐ Whatโs Weighing on PI?
๐ CEX Balances Up: Net +737,326 PI tokens deposited in 24H
๐ฅ Unlock Pressure: ~137.85M tokens set to unlock in July alone
๐ช Exchange balances now hold 385.21M PI โ ripe for sell-offs
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๐ But a Whale Sees Opportunity Over the last 3 days, a big player scooped up 5.30M PI worth $2.38M, likely betting on a turnaround.
๐ก Smart money often buys when sentiment dips.
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๐ Technical Breakdown
Price broke below $0.50 after last week's failed rebound
Now testing $0.446 โ support last held on July 6
MACD bearish โก๏ธ Negative momentum building
4H candle close below $0.446 could open path to $0.40 (June 13 low)
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๐ What Bulls Need
Break back above $0.473 (Mondayโs high)
Then reclaim $0.50 to shift structure bullish again
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๐ฎ Decision Time for PI More token unlocks = more pressure. But the whale's $2M bet hints something's brewing beneath the surface.
๐ง Will Pi Network collapse under supply weight โ or rally on whale conviction?
