The PI network announces job vacancies amidst falling prices, pump and dump rumors.
The PI network is going through a volatile phase as the token price continues to slide amid new allegations of a pump and dump scheme and suspicious wallet activity. Despite these setbacks, the PI Core team announced new job opportunities, leaving the community puzzled and concerned. Prices are falling despite the fund's announcement. After briefly rising to $1.6796 on May 8, the price of PI sharply declined and is now trading at around $0.75. Although it is still slightly above its lows in early April, the token's value has decreased since its peak of $2.98 in late February. Even with a major announcement on May 14, where the PI Core team revealed a $100 million ecosystem fund to boost network development, it has not halted the price slide. In fact, some community members argue that this fund may contribute to selling pressure rather than support the market. Technical analysts are monitoring the critical support level of $0.70. If this support breaks, it would invalidate a 50% Fibonacci retracement level, potentially opening the door for a decline to $0.40. Hiring frenzy amidst the chaos. Interestingly, amid falling prices and increasing controversies, the PI Core team has issued a new list of job opportunities. This move comes at a time when investor confidence is fragile, leaving many to question the timing and motives behind the hiring campaign. Allegations of pump and dump and wallet concerns. Alongside falling prices, the PI community is also raising concerns about potential pump and dump activity. Many believe the PI Core team controls over 10,000 wallets and sub-wallets, although only the largest 7 wallets are easily traceable. In the past five months: 5.4 billion Pi were transferred from Foundation Wallet 1 to Foundation Wallet 3. Approximately 700 million Pi were moved from Foundation 3 to Foundation 2 in smaller batches. Over a billion Pi went directly from Foundation 1 to Foundation 2. Currently, Foundation 3 holds 4.7 billion PI, while Foundation 2 only has 24 million PI. The community is demanding answers about where these large amounts of PI have gone and is calling for better transparency and accountability from the PI Core team.
#prices #vacancies #pump #jobs #fall #announces #network #about #and #dump #amidst #and #rumors