$PI remains one of the biggest cashgrabs in recent history and it’s only a matter of time till the house of cards comes crashing down.
A similar scenario as the one on $OM is unfolding. The team controls the vast majority of supply, spread across thousands of wallets. Unlocks are starting and it won’t be pretty. This will cause constant sell pressure - and eventually a massive cascade downwards.
There is a good reason why not a single reputable exchange has listed the token, it can’t pass even a basic due diligence process. And that again only makes it worse, there is very little liquidity depth and the selloffs will be catastrophic.
I’m personally shorting it
A similar scenario as the one on $OM is unfolding. The team controls the vast majority of supply, spread across thousands of wallets. Unlocks are starting and it won’t be pretty. This will cause constant sell pressure - and eventually a massive cascade downwards.
There is a good reason why not a single reputable exchange has listed the token, it can’t pass even a basic due diligence process. And that again only makes it worse, there is very little liquidity depth and the selloffs will be catastrophic.
I’m personally shorting it
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