Pi Network's price unexpectedly dropped by 1.57% to $0.46 despite positive developments like the Pi App Studio launch.
Concerns of price manipulation have emerged among Pioneers as sell walls appeared at $0.459 despite more buying than selling on the order book.
The recent unlock of 270 million Pi tokens on July 4 added further downward pressure to the price, fueling suspicions of market manipulation by whales.
Pi's price currently hovers around $0.46 after a sharp 13% drop, raising fears of manipulation and emphasizing the need for Pioneers to remain vigilant.