This is something that experienced people in this coin market can all see. Only a "small number of people" are stubborn or are trying to manipulate others in order to profit from them.

Breathtaking drama at Pi Network: Sell-off, mystery, and price storm.
Pi Network is facing the biggest scandal in history as a cryptocurrency investigator named Atlas reveals a suspected internal sell-off worth up to 8 billion USD. And the suspected culprit is... The Pi Core team – the brain behind the project.
This shock has left the PI community feeling like 'sitting on a pile of fire', especially when the token price plummeted over 50% within just a few days. No need for anyone to dump, the team itself is enough to panic the players.