It was very obvious and a lesson to many. Keep your bias aside, zoom out and reassess.
The $PI chart says more than thousand words and no amount of delusional thinking will change that.
PandahTGH
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$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.
THE ONLY ALTSEASON THESIS YOU NEED ⬇️ we are now near 2020 highs on Bitcoin dominance, the dominance chart has been up only for 3 years.
QE has not kicked in yet The US is way behind on rate cuts ETH ETF staking due to launch
Late 2025 / early 2026 you’ll see all these three factors come into place, with a major instutional sentiment shift towards Ethereum - which will then kick off a broader alt season.
If you think this is sustainable and not manipulated I don’t know what to tell you. Binance is closing leveraged positions on $ALPACA in one hour from now.
Opened more shorts on other exchanges. This will eventually come crashing down hard and the emotionless will make insane $$$