Despite launching new tools to drive innovation, Pi Network is now drawing attention for all the wrong reasons.
The token’s value recently dipped to $0.46, a 1.57% decline, catching many in the community off guard. What seemed like a promising period for growth has instead sparked suspicions of deliberate price suppression.
Market data reveals an unusual trading pattern: although buy orders outnumber sell orders, large sell walls have been strategically placed at $0.459, while significant buy orders wait just beneath at $0.457. This tight range, paired with sizable opposing orders, hints at potential manipulation—possibly an effort by large holders to push the price down temporarily and accumulate more tokens at a discount.
This theory gained traction following the July 4 unlock of 270 million Pi tokens. While some selling pressure was expected from the release, the size and timing of the transactions seem too precise to be dismissed as routine. Observers suggest this might have been used as an opportunity by well-capitalized actors—often dubbed whales—to create uncertainty, discourage retail holders, and quietly buy back in.
The crypto market has seen similar patterns before, where sudden drops shake out smaller investors just before a significant rally. While Pi Network still enjoys strong support among long-term believers, the latest activity serves as a reminder for users to stay vigilant, especially during periods of high token movement and ambiguous market behavior.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/pi-token-falls-despite-strong-buying-whats-going-on/