The post Pi Coin Price Prediction For March 10 appeared first on Coinpedia Fintech News
Pi Network, ranked as the 11th largest crypto by market cap is no stranger to volatility, and Pi Coin is no exception. Recently, Pi Coin’s price dropped by 10%, leaving many investors wondering whether it’s a buying opportunity or a warning sign to stay away.
Massive Outflows Raise Concerns
The recent drop in Pi Coin’s price happened due to a global crypto market correction, with Bitcoin plunging sharply to $80k. Perhaps many in the Pi community believe that this isn’t the sole reason behind the price plunge.
Some traders suspect that a large outflow from the Pi Core Team (PCT) Wallet played a role in the decline. On March 7, nearly 90 million Pi tokens were moved out of the wallet, followed by another 36.4 million tokens the next day.
Since this movement happened at the same time as the price drop, it led to speculation that the team might be selling off tokens.
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