Pi Coin has captured attention by reaching a $12 billion market cap, overcoming various issues including Binance listing rumors and security concerns.
Volatile Market Performance of Pi Coin
With the mainnet launch on February 20, Pi Network first made its tokens tradable. The market responded with a price surge from $1.45 to $2.10 within an hour, but then it crashed to $1.01. Despite further price swings, by March 12, Pi Coin's market cap grew to $12.26 billion, making it the 11th largest crypto asset.
Accusations Against Pi Network by Bybit's CEO
Bybit CEO Ben Zhou called Pi Network a scam due to data privacy concerns and a lack of transparency. He also compared the mining model to a pyramid scheme. Bybit has no plans to list Pi Coin despite rumors, countering claims from some in the Pi community.
Pi Network Users' Issues with Tokens and KYC
Many users report missing tokens and migration delays. After completing KYC, they cannot transfer tokens by March 14, 2025. Some suffered losses from phishing attacks, and analysts question Pi Network's decentralization.
Despite ongoing disputes and challenges, interest in Pi Coin remains strong. The community anticipates a potential Binance listing and significant announcements from other platforms.
