Pi Network’s token (PI) has dropped 10% in just 24 hours, trading at $0.7485, after breaking below its upward trend line. This decline has stirred debate among investors, with many now eyeing potential insider activity as a key risk that could sideline PI during this bullish cycle.
Crypto commentator Dr Altcoin recently flagged suspicious transfers from a wallet tied to the Pi Core Team. The wallet, allegedly part of a broader cluster of 22,000+ addresses, moved 1.4 million PI to Gate.io—totaling over $1 million in token value.
Supporters speculate that this could be funding for Pi Network Ventures, but the timing and scale of the transfer have raised eyebrows. Investors fear this could signal a major sell-off from insiders, casting a shadow over PI’s near-term prospects.
Technical Breakdown: Pi Token Risks Further Slide Toward $0.70
From a charting standpoint, the picture isn’t pretty. Pi broke down from its multi-day uptrend after being rejected near $0.87. A dramatic rise in trading volume at this resistance level suggests that large holders may be exiting positions.
The token has now flipped its prior support into resistance and shows a death cross between the 9-hour and 21-hour EMAs—a common sell signal. All indicators suggest $0.70 could be the next major test for support.
As Pi faces these headwinds, investors looking for new opportunities might find better potential in upcoming projects like SUBBD (SUBBD).
SUBBD (SUBBD): Empowering Influencers With a Tokenized Creator Economy
SUBBD is a promising decentralized platform designed for influencers who want more control over their earnings and content. Using the $SUBBD governance token, creators can influence the platform’s future while fans enjoy exclusive benefits.
With a growing base of 2,500+ influencers and a combined reach of 250 million followers, SUBBD is on a path to mainstream adoption. Its presale phase offers tokens at a reduced price, allowing early supporters to get in ahead of a potential explosion in demand.
Investors can visit the SUBBD website and purchase tokens using ETH, USDT, or a credit card by connecting a wallet like Best Wallet.
