#PI #PI 【Breaking Finance】The Amazing Day of PI: Market operators manipulate the market to Be Played for Suckers, followers vow "never to dump"

On May 21, 2025, the cryptocurrency market witnessed a textbook-style tragedy of Be Played for Suckers. An anonymous market maker spread false information on social media claiming that "PI will be open source" and "a new ecosystem is about to land," while simultaneously sweeping up 120 million PI in the secondary market, causing the price to surge from $0.70 to $0.85, with a daily increase of 21.4%. According to on-chain data, traders created false trading volume through over 200 associated accounts and released more than 83% of buy orders during the upward phase, successfully luring in a large number of retail investors to follow suit.
■However, the celebration lasted only 6 hours, and the market makers suddenly withdrew $38 million in liquidity, causing PI to plummet to $0.63, evaporating 26% from its intraday high. The exchange depth chart shows that the buy thickness at the key support level of $0.75 is less than 7% of what it was at peak times, and over 4,300 chasing accounts triggered forced liquidations.
■In this capital game, an investor named "PI believer" revealed astonishing remarks to our station: "Even if it rises to $30, I won't sell; if it drops to $0.01, I absolutely won't sell! PI will eventually reach a peak of $314159!" These remarks are closely related to the pyramid scheme statements disclosed in the report by Wuxi police, and the target price of "$314159" is exactly a permutation of the first six digits of π, which industry insiders believe represents typical digital superstition.
■It is worth noting that this trading strategy is remarkably similar to the market-making strategy before the PI crash in March 2025. The latest monitoring by blockchain security firm CertiK shows that the PI mainnet codebase has not been updated for 1460 consecutive days. The so-called "open-source plan" is merely a smokescreen to attract dumping funds. Currently, the Jiangsu police have launched an investigation into the related abnormal transactions, reminding investors to be wary of the pyramid scheme traps behind the "perpetual holding of coins" rhetoric.
( Financial Observer's Note: The target price of $314,159 is equivalent to 478 times the current market value of Bitcoin, and this statement may be nominated for this year's "Cryptocurrency Absurd Quotes" list. )