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The Three Powers That Shook Pi
Short-term trigger macro factors were at play. President Trump’s threat to attack Iran’s energy infrastructure caused panic in risky assets on Saturday, and the speculative token Pi was disproportionately affected by this turbulence.
The unlocking of 16 million Pi tokens on March 21 added additional selling pressure to an already fragile price structure.
The 24-hour trading range clearly showed the situation: it dropped from a high of $0.201 to $0.1878, and buyers failed to establish a meaningful defense.