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Pi Coin Crisis: Price Drop and Growing Doubts

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by Giorgi Kostiuk

5 hours ago


Pi Network's price has sharply declined, causing panic among investors. This came in the wake of a 129 million token unlock valued at $175M, potentially further lowering prices. Despite a strong community, doubts about the project's future are increasing.

Binance Listing Rejection

One major disappointment for Pi Coin holders was the failure to get listed on Binance, even after 86% of the community voted in favor. Without backing from a major exchange, Pi Coin struggles to gain momentum, making it less attractive to investors and stalling the project's growth.

Community Frustration Grows

Pi Network has been in development for six years, yet there is still no clear timeline for the Open Mainnet launch. Unlike other crypto projects, Pi's team remains vague, causing investor frustration and doubts about achieving full decentralization.

Crypto analyst Dr. Altcoin highlighted that Pi Coin has now dropped to #13 on CoinMarketCap, with its price falling below $1.30.Dr. Altcoin

Can Pi Coin Recover?

Despite the sell-off, some analysts believe Pi Coin still has potential to recover if it secures a Binance listing. However, without significant updates and improved transparency, investors remain cautious.

Analyst CryptoCove predicted Pi Coin’s drop and took profits after shorting.CryptoCove

Without progress and clarity, the Pi Coin team risks losing market trust, making recovery increasingly difficult.

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