The expert predicts the volatility of the PI network after an oppressed activity on banxa

The price of the PI network is staring at the barrel of the gun because it faces dark prospects for increasing prices. The cryptocurrency analyst, Dr. Altokin, warns that the ice breakdown of the new accounts on Banxa with small PI balances pose an increasing risk to the price of the PI network.

Dr. Altcoin warns of the volatility of the price of the banxa account

The cryptocurrency analyst, Dr. Altcoin, urged investors on the PI to be ready for the impact of incoming price fluctuations. Dr. Alcinn revealed in X post The activity of a coordinated account on the cryptocurrency trading platform may affect the stability of the price of the PI network.

It opens that banxa allows the creation of multiple accounts, as the common denominator is its financing with small metal coins balances. The value of all new accounts is 0.98 PI at about $ 0.61 in a coordinated manner.

Dr. Alkin said: “Banxa creates many new accounts, each with a balance of 0.98 PI.” “This can lead to price fluctuations.”

While the entity behind the creation of the simultaneous account is still unknown, Dr. Altcoin notes that the high prices on the horizon. First, the small portfolios have witnessed procedures for fraud in trading to simulate the fake market activity. Second, the concerted for PI currencies in the governor can create an artificial sale pressure for the PI network.

By keeping PI balances under the PI 1, there is a gossip that the entity is trying to avoid the exchange rules and avoid detection.

In early April, Banxa provided support for the PI network, allowing users to buy and sell PI metal laboratories on the platform. Since integration, there have been more than 1.2 million Pi currency purchases on banxa,

The PI network records a large whale activity

While Banxa accounts buy small amounts of PI, the whales download their holdings with seismic purchases. The number of PI currencies on stock exchanges decreased from 365 million to 359 million in less than 48 hours. A decrease in 6 million PI coins from stock exchanges is a clear sign of whales that accumulate on the original.

Currently, it is not clear whether the growing whale activity is actively connected to the banxa account. If connected, the classic pump and discharge system may be at the front of the price of the PI network.

Currently, the price of the PI network is traded at $ 0.6 and no signs of wild prices fluctuate. PI momentum rises to new levels, highlighting indicators to restore a $ 1 dollar sign.

There is speculation that the PI currency can reach a value of $ 30 if the highest banks begin to use PI with the integration of the chain connection that leads a short -term explosion to $ 3,

Alio Bokima

Aliyu Pokima is an encrypted journalist and a tattoo of the emerging techniques with talent to cover the stories of needing needle in space. Aliyu offers urgent news stories, organizational updates, and insightful analysis with depth and accuracy. When he does not wander in the plans or the late follow -up, Aliyu enjoys playing guitar guitar, lifting weights and ran the marathon.

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