Can the Pi Core team prevent a price crash by controlling supplies by 90%?

The Pi Network token is under serious bearish pressure: its price is currently trading near a critical support level at $0.40.
However, a careful observer of cryptocurrency is optimistic and believes that the team behind the digital asset will be able to prevent a brutal crash that could affect investor confidence in the project's sustainability.
Why is the level at $0.40 so important?

In his latest post on X, the Pi coin commentator "Dr_Picoin" emphasized the ability of the main Pi team to prevent a fall below the critical support at $0.4. The essence of his argument is that the team owns more than 90% of the coins, which gives them the ability to prevent a strong price drop.
He noted the danger of Pi falling below this level, which would push the cryptocurrency out of the top 30 tokens by market capitalization, making it much riskier for new investors and sharply reducing its attractiveness in the market.

The current price trajectory of the Pi coin is a source of serious concern for its users, especially the early followers of the project. Pi burst onto the crypto scene with a lot of hype and promotion, and its core team and "pioneers" made optimistic statements about the cryptocurrency's potential before its launch.

The project benefited from the initial hype in the first days when the price increased by more than 380%, reaching a peak of $2.9950 within the first seven days of listing. However, a mass sell-off triggered by early token users seems to have plunged the cryptocurrency into a serious bear market, from which it may be difficult to emerge.

Linked: Pi Network introduces Pi App Studio and staking feature at the Pi2Day 2025 event
What will happen if the support at $0.40 is broken?

The Pi coin first collapsed to a level of $0.40 in the first week of April 2025, dropping more than 85% in less than six weeks.

This region has become a new base for Pi, with retesting that forced the cryptocurrency to register a historical low of $0.3969 in June. A breakthrough below this level could be catastrophic for the new cryptocurrency, and observers believe that the project team will not accept this passively.