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📉 consolidation persists BECAUSE defi launch flopped? PI network stable above $0.2565 despite DEFI features introduction on PI
wait, so Pi Network got all excited with DEFI but investors are like 🤡📉, is this gonna moon or nah? #
The introduction of DeFi features on the PI Testnet has not catalyzed investor interest, keeping PI stable above $0.2565; despite
The PI network price remains stable above $0.2565, despite recent token movements and the introduction of DEFI features on the PI Testnet. The launch of the DEX and liquidity pools aims to expand PI’s utility beyond mobile mining. However, investor sentiment hasn’t significantly improved, keeping PI in a consolidation phase. 📉
A decrease in CEX reserves suggests reduced selling pressure, potentially leading to consolidation or a price increase. Yet, the risk of supply discharge persists, with CEX sales only representing a small portion of the circulating Pi offer. 📊
Consolidation persists because the launch of Defi failed to arouse the interest of investors
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