3 phase migration
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3 phase migration
Pioneers, I understand you’re frustrated with the silence from the Pi Core Team. It’s natural to want updates and clarity. Let me share a possible reason for their approach, they’re probably being cautious due to strict regulations, like those from the SEC in the U.S. If they say too much, especially regarding Pi’s value or future gains, it might be considered market manipulation or a promise they aren’t legally allowed to make.
This could lead to serious penalties or even the project being shut down. Pi’s focus isn’t on selling coins or hyping up prices but rather on building value through how the community uses it. Their quietness is likely a way to protect the network, not to ignore your concerns. Stay patient, your contributions are still vital in shaping Pi’s future.
Attention Pi community! Something unusual is happening with Pi's price on exchanges. In the order book, there are many small buy orders (usually hundreds of Pi, rarely thousands) compared to large sell orders, often grouped in clusters of 2000 to 20,000 Pi.
The price has dropped significantly, falling below $0.58 and now sitting at around $0.56, which is a 17% decrease in the past 24 hours, with a trading volume of $422 million.
This could be intentional manipulation by large players or unknown individuals, possibly testing price support or trying to buy Pi at a lower cost. It might involve spoofing, where fake orders are placed, or real dumping to spark panic and trigger stop-loss orders.
Stay informed by checking the live order book and actual trading volumes, not just the price. Remember, Pi was valued at $2.98 back in February and is now at a low of $0.5375.
Be careful and avoid selling on impulse—this could be part of the strategy to influence your decisions. Stay alert and informed!
