$PI Let me analyze this. The pump intention of Pi during this period is purely a personal feeling and should not be taken as investment advice.
The Pi project has been dragged on for too long, and acceleration of the token mapping will definitely happen later, at which point selling pressure is likely to be significant. Currently, the bottom support is strong with many buy orders at low prices, competing with the main force for chips. The main force is taking advantage of the listing on mainstream exchanges and Pi Day news, conducting a large pump. Many people mistakenly believe the bottom has ended and are withdrawing orders to chase gains, raising retail investors' costs. The main force then takes the opportunity to crash the market and absorb chips at the bottom again. They can both clean up weak hands and absorb selling pressure from the mapping, obtaining sufficient and low-priced chips. The total supply is 100 billion, with 14.9 billion mapped, 9.7 billion in circulation, currently 10% of circulation. Will the increase in future circulation dilute the current price? Won't the main force's pump-and-create-bull-market dilute their own profits?
$PI Let me analyze this. The pump intention of Pi during this period is purely a personal feeling and should not be taken as investment advice.
The Pi project has been dragged on for too long, and acceleration of the token mapping will definitely happen later, at which point selling pressure is likely to be significant.
Currently, the bottom support is strong with many buy orders at low prices, competing with the main force for chips. The main force is taking advantage of the listing on mainstream exchanges and Pi Day news, conducting a large pump. Many people mistakenly believe the bottom has ended and are withdrawing orders to chase gains, raising retail investors' costs. The main force then takes the opportunity to crash the market and absorb chips at the bottom again. They can both clean up weak hands and absorb selling pressure from the mapping, obtaining sufficient and low-priced chips.
The total supply is 100 billion, with 14.9 billion mapped, 9.7 billion in circulation, currently 10% of circulation. Will the increase in future circulation dilute the current price? Won't the main force's pump-and-create-bull-market dilute their own profits?