PI saw an opportunity to hype at 20:00 in the early morning of the 19th, which is a systemic demand.
When I saw 0 o'clock later, the PCT issued a very valuable announcement, but most people may understand it differently.
Here's my take:
Since the PCT announcement is incomprehensible to most people, as long as it rebounds, there will be a wave of investors giving up and leaving the market.
As soon as the announcement after 0:00 appeared, the price seemed to have support. The borrowing whale not only did not increase the borrowing PI, but bought back 40 PI to repay the loan.
In my article on July 5th, I wrote that when establishing the historical bottom, the additional whale information that appeared was that he was going to deliberately deceive others to sell and suppress it, and finally buy it back, so how did this timing point become to buy back PI? Maybe the whale is almost ready. Whales know that the PCT has important updates to roll out.
However, a few days ago, many people have been asking me, there is a wallet address that keeps buying PI, a total of more than 30 million PI, which institution is it?
A valuable part of the PCT announcement just now is that the PCT directly and clearly deliberately announced the part that everyone wants to know, that is, the wallet of more than 30 million, which is the APP staking of the app studio.
The PCT directly pointed out in the announcement that if the app listed by users wants to rank higher, they must stake more PI, so many institutions have caused a wave of purchases in order to grab space, but before that, most participants did not notice this. The PCT has just announced that a total of more than 37.7 million are staked, and more than 2500 Pi are actively staked.
This 3770 is equivalent to about 1700 US dollars in legal currency, which is not a small amount. Because unless the person who lists the app doesn't want anyone to use his APP, then who doesn't want their APP to be unconsumed?
Therefore, my view is that this announcement needs publicity, and he has the opportunity to open another take-off path, but what will be the final result, as long as there is a wave of buying on the morning of the 19th, then it will continue to rise.
And who will be the person who will buy it in the morning? I don't know. Hurry up and promote it so that this important big player can feel that the risk is low and enter the market.
As long as he can enter the market to buy PI, then before the 24th, it will be a very good route to follow the trend. Unless it is not pulled on the 24th, then a new wave of whales may have to be prepared to re-suppress. At this point, the historical bottom of the 5th is useless, because at that time, the whales will re-attack a new wave of offensive.
#PI




This article still has issues binding to other platform accounts. I need to try deleting and resending it to see if that works.
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