Borrow Whale on Pi believes that Pi users are all flat, so it has no concerns about a buyback.
Pi investors ignore the fact that Borrow Whale has already filled its borrowing pool. This opportunity to force Borrow Whale to repurchase Pi is still largely ignored by investors.
Thus, Borrow Whale is completely unconcerned. It simply waits for a significant increase in liquidity upon Pi's DEX listing, then repurchases 10 million in one go. This will not affect the price, nor will it cause losses from a pump-and-dump buyback due to insufficient liquidity.
Most investors are reluctant to wait until Pi reaches 1 yuan before listing on a DEX, preferring to list at 0.2 yuan, hoping to profit from the market manipulation.
Actually, after listing, liquidity will increase significantly, making it difficult to pull up or down the price. Everything will start from 0.2.
If we can force the borrower whale to repurchase, then Pi can launch the DEX at 1 yuan. This will make it difficult to suppress the price from 1 yuan, and the new future will start from 1 yuan, not 0.2.
If you don't actively promote the DEX before the listing, be prepared to wait even longer.
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