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#PI Trump announced at midnight a 90-day suspension of tariffs on certain countries, and the coin market and stock market responded with a big pump. All technical indicators became ineffective, and the characteristics of a policy-driven market were clearly visible.
It is normal for mainstream coins to recover losses due to this news. However, Pi is different; after April 12, nearly 200 million coins will be unlocked and continuously released into the market. If this rebound is simply a ride on the wave of rising prices, it can be understood. After the rebound, it will still return to the downward trend. If the project team deliberately pumps up the price at this time, then it is ill-intentioned; the purpose is simple, to create a trap to lure retail investors to buy in, so that the project team can sell off at a relatively high position for profit. If this latter situation occurs, the coin price will still continue to fall, and more importantly, it will be even harder for this already shaky project to regain its former glory!#BTC #PI #ETH