After Pi coin was first listed to wash out the coin hoarders, it has skyrocketed 3 times in a few days, and the believers who have already seen the rise are dizzy 😵‍💫So the question is, since Pi coin has risen so much, is it going to fall and adjust? Let's analyze the selling pressure in depth. The first batch of selling pressure was from the coin hoarders and the extremely rare KYC mapping users. In the early stage, the coin hoarders hoarded a part of the coins in the small over-the-counter exchanges during the period of 0.2 to 0.3 US dollars. A large part of this part has been washed away during the opening period. It should be noted that the coin hoarders can only use wallets with KYC to hoard coins, and most of the KYC users have no mapping, not to mention the two words "selling pressure". It is worth mentioning that the promotion ambassadors have experts with huge amounts of coins, but there is no mapping. Only the basic coins can be mapped, and KYC is also stuck and cannot be used. The current exchange circulation is less than 200 million. The coin holders are traders and believers, and a small number of short-term speculators. The coin price goes up and down, and very few of these people can hold it. In summary, the coin price can continue to rise further, so the question is, when can the pioneer's coin form selling pressure? The answer is that it is unlikely to form selling pressure. Three years later, they may still be discussing the bottleneck issue of when to KYC. In the medium and short term, the coin price is still optimistic. I would like to state that the market analysis does not have the purpose of looking down on the project or devaluing it, but is just a personal opinion.