Pi Network’s token (PI) is under pressure again, dipping 10% over the last 24 hours to $0.7485. The decline follows a breakdown in bullish market structure and growing community concerns that insider wallet activity could derail Pi’s ability to participate in the current bull market rally.

One Pi supporter, known as Dr Altcoin on X, shared data pointing to a suspicious wallet created four years ago, allegedly linked to the Pi Core Team. This wallet held 2 million PI tokens and recently sent 1.4 million PI (worth approximately $1.1 million) to Gate.io, one of the few exchanges listing the token.

The community is now split—some believe these transfers are part of fundraising for Pi Network Ventures, a recently launched investment arm. Others worry that it reflects insider profit-taking that could hurt public trust and suppress Pi’s price recovery efforts.

Technical Analysis: Pi May Head Toward $0.70 Support

Technical indicators for Pi are signaling a downward trend after the price failed to hold above its trendline. The token faced strong rejection at the $0.87 zone, sparking a wave of heavy sell volume that broke key support levels.

Since then, Pi has dropped below previous higher-lows and its exponential moving averages (EMA) have formed a bearish crossover. The nearest support zone now lies between $0.73 and $0.70, which could serve as a critical level for short-term price action.

Unless investor sentiment recovers quickly, Pi’s potential to benefit from the broader crypto bull market may diminish. Meanwhile, newer presale projects like SUBBD (SUBBD) are gaining investor attention for their practical applications and early-stage value.

SUBBD (SUBBD): A New Era for Decentralized Content Monetization

SUBBD is aiming to redefine how influencers engage with their communities by offering a decentralized, censorship-resistant platform where creators hold real power. Through the $SUBBD token, influencers can take part in governance, while fans receive added perks such as discounts, exclusive content, and direct interaction.

With over 2,500 creators already registered—reaching a combined audience of 250 million—SUBBD is building serious momentum. It’s emerging as one of the most promising platforms in the decentralized social content space.

The $SUBBD token is available through its ongoing presale. Interested buyers can connect their crypto wallets or pay with ETH, USDT, or debit/credit cards via the official SUBBD website.