#PI Therefore, for Pi coin, there is no need for Whipsaw at all; the first day of listing was already a natural end state of Whipsaw. The market maker could have walked a slow bull market with fluctuations, as the popularity was so high that there was no shortage of people chasing the price. However, in the face of the huge profits from exploding long orders contracts, the market maker chose to lower the price and explode contracts. It’s strange that the long orders contracts simply couldn’t explode completely, and ultimately it went down all the way, with the popularity now greatly diminished compared to before. Now, it’s not a pump because the Miner is not dumping, and it’s not a fall either, as the long orders are not what they used to be. The tragedy of Pi originates from contracts and futures.