TL;DR

• Pi Network’s native token can’t catch a break as the asset has marked another double-digit price plunge in the past 24 hours to a fresh all-time low.
• This has prompted project proponents and analysts to ask who is selling at such adverse times for the underlying asset’s price.

It’s safe to say that the past few days have been quite painful for the entire cryptocurrency industry, with more than $250 billion evaporating from the total market cap. Bitcoin’s price tumbled to multi-week lows of under $113,000, while many altcoins have crashed by 5-10%.

TL;DR

• Pi Network’s native token can’t catch a break as the asset has marked another double-digit price plunge in the past 24 hours to a fresh all-time low.
• This has prompted project proponents and analysts to ask who is selling at such adverse times for the underlying asset’s price.

It’s safe to say that the past few days have been quite painful for the entire cryptocurrency industry, with more than $250 billion evaporating from the total market cap. Bitcoin’s price tumbled to multi-week lows of under $113,000, while many altcoins have crashed by 5-10%.