The post Pi Network Price Dips as Possible Manipulation Raises New Concerns appeared first on Coinpedia Fintech News
Pi Network is back in the spotlight, not for a new milestone, but for something more suspicious. Despite major developments like the launch of the Pi App Studio to drive innovation, the token’s price has unexpectedly slipped. While many expected a rally, the opposite happened, Pi’s price dropped by 1.57% to $0.46, catching everyone off guard.
This sudden fall has sparked concern among some Pioneers about Pi Network price manipulation.
Order Book Hints Speculation of Price Manipulation
Looking closer at the trading data shows something strange. There is more buying (58%) than selling (42%) on the order book, yet large sell orders are showing up right at $0.459. At the same time, big buy orders are waiting just below that at $0.457.
This looks like someone is manipulating the price and trying to keep the price low while others are ready to buy at a lower
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