Pi Network (PI) Price Analysis: Order book suggests signs of price manipulation, with monthly Token unlocks adding more pressure.

Pi Network (PI) today (10) slightly rose to 0.4716 USD during the Asian afternoon session. Despite significant advancements such as the launch of Pi App Studio to drive innovation, the price of Pi coin unexpectedly fell, raising concerns among Pi community users about price manipulation in this round of short positions.

Order book indicates signs of price manipulation

By carefully observing the trading data, some strange things can be found. The buy orders on the order book (58%) are more than the sell orders (42%), but large sell orders appear at the position of $0.459. At the same time, large buy orders are waiting slightly below $0.457.

This looks like someone is manipulating the price and trying to keep it low, while others are ready to buy at a lower price.

According to disclosures from Pi community users, these sell-off behaviors may not be normal market behavior. Instead, they believe that some large holders, known as "whales," may be intentionally driving down prices.

Once this happens, they can buy more Pi coins at a lower price. This strategy has appeared in the cryptocurrency market before and is often used before a significant price increase.

(Source: X)

Monthly token unlocks increase more pressure

The unlocking of 270 million Pi coins on July 4 has further intensified people's skepticism. While some sell-off is expected, the timing and volume of the trades indicate that this is not just normal market behavior.

At the same time, analysts believe that whales are trying to take advantage of this uncertain moment.

Why should Pi Network users remain vigilant?

Price manipulation is not a new phenomenon in the cryptocurrency space. Whales often control supply, create panic, and quietly acquire more tokens.

Strong buying support indicates that many believe in the future of Pi coin, but a sudden sell-off could catch small holders who sell too early off guard.