The PI (PI) has decreased more than 75 % in the past three months, and has collapsed from its highest levels near $ 3 in mid -February to only $ 0.73 at the end of March.
The acute shrinkage follows an initial explosion of optimism surrounding the launch of the open Mainnet of the PI, which briefed the project to the best 20 encrypted currencies depending on the maximum market. Most of the noise comes from the potential Binance menu, which now looks like a dream of gold.
The PI menu brought on smaller stock exchanges like Bitget, Mexc, Gate.IO and OKX temporary price procedures, but it failed to secure a spot on first -class exchanges like Binance or Coinbase.
Despite the widely published Binance Community and include the noise on social media on PI, which includes Coinbase executives, no major list has been achieved. The absence of liquidity of the institutional degree rapidly led to the collapse of price subsidies.
Opening the distinctive symbol and long -term imprisonment
The market was more optimistic by the massive opening of the previously non -liquid PI symbols. At one point, more than 13 million symbols entered a day in blood circulation, an enormous benefit from the purchase side.
Although the opening rate has slowed to about 3.8 million a day, the damage has occurred. The first adoption seized the opportunity to benefit, as many of them extracted large quantities of PI through the Mobile application of the PI network.
Meanwhile, the unusual features of the PI network have guaranteed fluctuations. The majority of its users are still subject to long -term locks, as more than 62 % of PI holders reserve their three years. This postponed post -sale where users are now trying to sell their entire accounts to overcome restrictions, which increases the project reputation.
Fraud allegations, organizational concerns, and benefit gaps
Critics continue to express concerns about the benefit of the PI network in the real world, decentralization, and transparency. Despite the project’s allegations using a modified metal consensus protocol and decentralized knot network, the data of the external parties reveal a very central authentication set. Among the billions of symbols, only a handful of the contract to verify the authenticity of transactions, and ask questions about control and governance.
The platform also faced a harsh scrutiny of the organizers and industry numbers. Ben Chu, the CEO of BYBIT, publicly pointed to the PI network as a fraud, noting that the Chinese police warn classify the project as a pyramid plan. Long claims related to the mismanagement of financial management and the co -founder of the co -founder that have not been resolved to 2020 continue to chase its reputation.
Attempts to photograph the narration brought with a DAO -based partnership with Pidaoswap a 7 % stumbling block, but the bounce did not last long. As the PI price continues to be in direction and skepticism, the next steps for the project will be determined whether it can restore market confidence or vanishing in mystery.
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