The $PI token has experienced a significant downtrend, dropping from $2.98 to around $0.30 — a steep decline that has raised concerns about a potential rug pull. Despite this, a notable whale quietly bought back over $148 million worth of PI, suggesting that something major might be in the works behind the scenes.

While it's hard to believe that a project with such progress would simply collapse, the current price action is alarming. Still, this sharp dip could present a buying opportunity for long-term believers, even though there are currently no signs of a price recovery.

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