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Cryptocurrency News Video

Question: Pi Core Team Is The Market Maker After The TELTLK Incident

Jul 16, 2024 at 01:39 pm CryptoLeakVn

There have been too many rumors about locking wallets for trading pi coin to fiat money, PCT's policy is strictly prohibiting pi trading, etc. These rumors are even more rampant after the 31 million incident. TELTLK's pi is locked.
However, not long after that, the TELTLK Wallet was unlocked again. And PCT explained that this action was just because AI detected large transactions and temporarily locked them. After that, this wallet returned to work as if nothing had happened.
At first glance, it seems like everything is just due to a technical problem and AI is the cause of this incident. However, from a business and trading market perspective, this wallet lock event has forced the pi price to fall very sharply to a new bottom in 2024.
After the incident, the price of pi also recovered very quickly, which made market traders question whether this was really an AI incident, or a trick used by market makers to manipulate prices. , and who is really behind the market manipulation.
Obviously this is a very practical and interesting topic. In today's video of the Pi Network Puzzle Tournament. We will explore this topic in more detail with you.

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