Pi Core Team (PCT), the team behind the Pi Network, took a step in the crypto currency market to prevent possible harsh decreases. A PCT-supported sub-thunder, which buys millions of Pi Coin from central exchanges, plays an active role in the markets to ensure price stability. According to the data of crypto analyst Dr Altcoin, this move is an emergency intervention to prevent depreciation after the opening of Pi Coin’s lock.
Million Purchase from Central Exchange Exchanges
According to Dr. Altcoin’s chain data, the sub-thick created about two months ago, 48.5 million pi coins in a short time. This amount corresponds to approximately 31 million dollars with current value. These purchases of the PCT are seen as an alternative solution to the application of tokens from the circulation. However, experts warn that this is a temporary measure.
The active purchases of the sub-thick reduce supply pressure by reducing the amount of tokens in the market. This prevents prices from going below a certain level in the short term. However, a long -term strategy lack of question marks between investors. In particular, it remains unclear how long these purchases will last and how the funding will be maintained.
Price is protected but sustainability is controversial
The price of Pi Coin is at an increase of approximately 6 %in recent days at the level of $ 0.6. The rise in the transaction volume may reflect the PCT’s sense of trust in the market. Nevertheless, market analysts point out that this strategy will only have short -term effects.
According to Dr Altcoin, these purchases of PCT have a “buffer zone” effect to slow down sudden decreases. However, the sustainability of this method in the long run is suspicious. Most of the tokens are still locked and may require similar interventions as they open.
Some investors have optimistic expectations that the price can rise up to $ 5. However, if the PCT stops purchases, prices are expected to fall up to $ 0.3. This indicates that the market is still kept in artificially balanced.
Investors wonder how the PCT finances these purchases and whether they plan more permanent solutions in the future. Analysts emphasize that investors should be careful and strategic in order not to be affected by short -term fluctuations.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
