PI mentioned on July 31 that the lending whales would come to borrow and sell on August 1. Later, on the 1st, there was an explosion of whales lending five million coins to sell on the market, causing a drop.
Subsequent articles mentioned to pay attention to the 5th; as long as there is no speculation on the 5th, continue to watch for short selling. After that, it was observed that the market consolidated and continued to create new lows after the 5th.
It wasn't until the 6th at 1 PM that it was mentioned that the crisis was resolved and a rebound began. Now we can see the rebound moving upward to the present.
The trend is consistent with the initial article's description.
The subsequent rebound will establish a rebound high point after 3 AM on the 7th.
#PI
#pi
Some people blame the exchanges for the issue of PI lending whales, instead of blaming the source. Originally, any decline was blamed on PCT, and now any lending is blamed on the exchanges.
What I mentioned is about combating lending whales, not against the exchanges. Are you all planning to have specific exchanges directly remove that data?
In any case, the lending feature will not be removed from PI; what will be removed is the data displayed to you. Ultimately, the retail investors will still get cut. If we don't combat lending whales, just wait to be cut.
14.57K
8
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.