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Another ATL or Significant Rebound

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Another ATL or Significant Rebound


What lies ahead for the PI token next week, according to Gemini.

It was a painful week for most of the cryptocurrency market, but Pi Network’s native token found a way to dig another (actually several) hole.

In the span of just 72 hours or so, the asset plummeted to numerous consecutive all-time lows. The latest anti-record came on January 29 at $0.1589 (CoinGecko data), which means that PI has lost 94.5% of its value since late February 2025, when it charted an all-time high at $2.99.

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Given its spectacular demise and most recent correction, we decided to ask Gemini about its take on the week ahead and whether there is any hope left for PI token holders.

What’s Ahead for PI?

Before it indulged in answering what the future holds for PI, the popular AI solution weighed in on the possible reasons behind its most recent crash. It noted that it’s a combination of factors, not all related to the overall market weakness. As an example, it said some whales and long-term project supporters have abandoned ship after years of failed promises and lack of actual development.

“On-chain data and volume metrics suggest that the few “whales” (large holders of the IOU pairs) have stopped defending the price. Volume has dried up, leaving only retail panic-sellers.”

On the actual question in hand, Gemini warned that another decline to $0.12-$0.14 is not entirely out of the question. After all, PI has lost all support levels on its way down, and there are no actual defense zones left.

The Actual Warning

Gemini was quite skeptical about PI’s future price performance, at least in the next week or so. It admitted that after such a profound price correction, the token might be due for an instant rebound to somewhere around $0.18. However, this is likely to be a “dead cat bounce” because of oversold RSI levels.

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A potential jump to those levels would allow the bears to “aggressively short” the asset, which will lead to an immediate and violent rejection that will “roll PI over to test $0.14 by the end of the week.”

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“When an asset breaks an ATL, it typically drops another 15-20% before finding a temporary bottom. There is zero volume support below $0.16.”

Consequently, Gemini warned investors who are considering buying the dip to wait for a few days for the dust to settle, perhaps to find support at $0.16, before investing.

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Crypto World

Anthropic Accuses Three Firms of Using Sophisticated Distillation Attacks

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Anthropic Accuses Three Firms of Using Sophisticated Distillation Attacks

Artificial intelligence firm Anthropic has accused three AI firms of illicitly using its large language model Claude to improve their own models in a technique known as a “distillation” attack.

In a blog post on Sunday, Anthropic said that it had identified these “attacks” by DeepSeek, Moonshot, and MiniMax, which involve training a less capable model on the outputs of a stronger one.

Anthropic accused the trio of generating “over 16 million exchanges” combined with the firm’s Claude AI across “approximately 24,000 fraudulent accounts.” 

“Distillation is a widely used and legitimate training method. For example, frontier AI labs routinely distill their own models to create smaller, cheaper versions for their customers,” Anthropic wrote, adding: 

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“But distillation can also be used for illicit purposes: competitors can use it to acquire powerful capabilities from other labs in a fraction of the time, and at a fraction of the cost, that it would take to develop them independently.”

Anthropic said that the attacks focused on scraping Claude for a wide range of purposes, including agentic reasoning, coding and data analysis, rubric-based grading tasks, and computer vision. 

“Each campaign targeted Claude’s most differentiated capabilities: agentic reasoning, tool use, and coding,” the multi-billion-dollar AI firm said. 

Source: Anthropic

Anthropic says it was able to identify the trio via an “IP address correlation, request metadata, infrastructure indicators, and in some cases corroboration from industry partners who observed the same actors and behaviors on their platforms.”

DeepSeek, Moonshot, and Minimax are all AI companies based in China. All three have estimated valuations in the multi-billion dollar range, with DeepSeek being the most widely internationally recognized out of the three. 

Beyond the intellectual property implications, Anthropic argued that distillation campaigns from foreign competitors present genuine geopolitical risks. 

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“Foreign labs that distill American models can then feed these unprotected capabilities into military, intelligence, and surveillance systems—enabling authoritarian governments to deploy frontier AI for offensive cyber operations, disinformation campaigns, and mass surveillance,” the firm said.