🐋 "Whale Game" shakes Pi Network currency.. Who's the winner and who's the victim?
Amid the growing momentum surrounding Pi Network currency, it has become clear that the whales – the large traders or entities holding massive amounts of the currency – have begun to impose their own rhythm on the market.
In recent weeks, massive movements exceeding 200 million Pi coins were observed being transferred to private wallets through over-the-counter (OTC) transactions, causing violent price fluctuations, sometimes resulting in a drop of more than 35% in just a few hours, followed by a rapid rise driven by accumulation and waiting for an opportunity to pounce again.
📉 This manipulation does not go unnoticed, as many users are starting to feel like victims of a "dumping game" managed from behind the scenes, especially with the ongoing ambiguity of the Pi project and the delay in its official listing on major exchanges.
👥 While some bet that these movements may precede a major announcement at the Pi2Day event at the end of June, others believe that the project has become an open ground for massive speculation that does not reflect the true reality of the currency's value or its future.
So, has Pi become just a paper in the hands of the whales? Or is what is happening a preparation for a major launch?
The answer remains suspended... between hope and deception.