With 90% Supply Control, Can the Pi Core Team Prevent a Price Crash?

Pi is trading closer to the critical $0.4 support. The Pi Core team can prevent the cryptocurrency from total collapse. Pi coin crashed by over 85% from its $2.9950 all-time high. The Pi Network token is under serious bearish pressure, with its price now trading near the critical $0.40 support level, citing TradingView data. However, a close observer of the cryptocurrency is optimistic that the team behind the digital asset can prevent a brutal crash that could affect investors’ confidence in the project’s sustainability. Why Is the $0.40 Level So Important? In his latest post on X, the Pi coin observer, “Dr_Picoin,” highlighted the Pi Core Team’s ability to prevent a drop below the crucial $0.4 support. The core of his argument is that the team owns over 90% of the coins, giving them the ability to prevent the price from dropping massively. Will Pi go below $0.4? No, I do not think so. Why? Because the Pi Core Team owns 90 percent of the coins and is smart enough to avoid letting the price fall below $0.4. Dropping below that level could push Pi’s market cap ranking out of the top 30, making it appear riskier to… — Dr Altcoin (@Dr_Picoin) Ju… The post With 90% Supply Control, Can the Pi Core Team Prevent a Price Crash? appeared first on Coin Edition .