๐ Whales Lock 3.3M Pi Coins in 24 Hours โ Sign of Strength or Caution?
๐ข In a bold show of long-term conviction, 3.3 million $PI tokens (~0.13% of circulating supply) were locked by holders within just 24 hours. This surge in lockups comes as daily unlocks drop from 9M to 5.9M, tightening available supply.
๐ก Whatโs driving the move?
๐ Token price dipped to $0.35, down 13.75% daily as shorts pile in
๐ Many Pioneers refuse to sell below $0.40, betting on real-world utility
โ๏ธ Mining rate reduced by 8% to its lowest ever: 0.0027746 ฯ/h
๐ Derivatives open interest climbs to $30M, signaling increased market activity
๐ Despite over 19M tokens unlocked in the first 3 days of August, the locking behavior hints at growing community resilience and belief in the Pi Networkโs long-term vision.
#PiNetwork #Crypto #Tokenomics #Blockchain #DigitalAssets
https://coingape.com/whales-lock-3-3m-pi-coins-in-24-hours-as-daily-unlocks-drop-from-9m-tokens-to-5-9-million-recovery-ahead/?utm_source=bnb&utm_medium=coingape