Pi Coin encountered an unexpected situation: its market cap fell to zero on CoinMarketCap, although the reason remains unclear. The community continues to await the token's official launch.
Pi Coin Market Cap Issues
Even before the official launch of Pi Coin, its IOU token faced a problem: its market cap dropped to zero on the popular crypto portal CoinMarketCap. The reasons behind this event are yet unknown, but it has indeed impacted the Pi community, which is eagerly awaiting the token release. Despite the market cap being reduced to zero, the Fully Diluted Valuation (FDV) still stands at $3.51 billion.
Expectations for Launch
The official launch of Pi Coin is anticipated by Q1 2025. Despite the drop in market cap for the IOU token, the community hopes for a resolution to the situation. Some speculate this could be linked to a technical glitch on CoinMarketCap.
Trading Activity on Exchanges
Since last week, the price of Pi Coin has increased from the $40 range to $51.7, demonstrating over a 30% rise. The primary trading platform is Bitmart, which represents 75% of total buying and selling activity. HTX follows with 25%, but the price here is notably lower compared to other exchanges.
Despite the significant fluctuations in market capitalization, the Pi Coin community continues to await the token's official launch in 2025. Major exchanges remain actively trading, maintaining interest in the coin.
