Recent activities by Banxa, a fiat-to-crypto service provider, have triggered concerns about potential price volatility in Pi Network’s token prices. 30.5 million Pi coins were reportedly acquired by Banxa for liquidity purposes, but analysts are noticing unusual account activity tied to the move. Dr Altcoin, a crypto analyst, raises alarm over numerous small accounts created on Banxa with balances of 0.98 Pi, suggesting a potential market manipulation strategy. ‘Banxa is creating many new accounts, each with a balance of 0.98 Pi. This could lead to price volatility,’ said Dr. Altcoin. As the trading value for Pi Network surged to $0.60 per coin, exhibiting substantial daily volatility, the market is observing heightened concern over coordinated activities behind the scenes. Financial experts anticipate considerable price fluctuations due to these recent events and expect increased regulatory scrutiny on Banxa’s practices as a result. Investors are left wondering about fair practices and transparency in the adoption of Pi Network. The market awaits official clarification from involved parties.