All the joy across the Pi mainnet launch has light inside 24 hours of launch because the Pi Coin sees robust promoting stress with its worth crashing greater than 50% from the height of $2 yesterday. The promoting stress comes with enormous buying and selling exercise as each day buying and selling volumes surge to greater than $1.2 billion.
Pi Coin Sees Main Pump and Dump
Pi Coin, the native cryptocurrency of the Pi Community faces a significant pump-and-dump because it at present trades round $0.70 falling greater than 65% from its peak of $2.0 Buyers’ euphoria surrounding the mainnet launch appears to be waning quick.
Whilst of the present worth of $0.70, the Pi Community pegs a market cap of $4.45 billion. With greater than 10 million customers, the Pi Network has achieved vital market following. following the mainnet launch, a complete of 1 billion from the full 9.7 billion PI tokens can be found initially. The remaining tokens shall be locked in person wallets and unlocked over a time frame.
Though some market analysts have turned bullish, traders must be cautious whereas taking contemporary bets and search for any potential indicators of development reversal.
Will Binance and Coinbase Itemizing result in Pattern Reversal?
Regardless of the present Pi Coin price fall, the optimism surrounding the restoration stays excessive. Some market analysts consider that this might not be the suitable time to promote on the backside contemplating that the each day buying and selling volumes have remained sturdy at greater than $1.2 billion.
Among the world crypto exchanges like OKX and CoinDCX have already prolonged help to Pi coin. Moreover, the trade has been pushing to deliver the Pi Community’s native crypto token to high exchanges like Binance and Coinbase.
Binance and Coinbase, being among the many largest cryptocurrency exchanges globally, provide entry to an unlimited person base and excessive buying and selling volumes. This elevated liquidity could make Pi Coin extra engaging to merchants and traders. Apart from, it would additional enhance the credibility of the crypto asset amongst retail traders.
‼️ $PI community chart dosen’t look dangerous in any respect 👀 are you promoting the underside?
Nearly 1B quantity in 8 hours, and pi is listed on solely few CEX, when #Binance and different high CEX come actual enjoyable will begin, purchase the dip and maintain #Picoin #PiNetwork #Crypto #Trump pic.twitter.com/i8rlk3k4ll
— GEM HUNTER 💎 (@TrueGemHunter) February 20, 2025
Pi Neighborhood Exhibits Discontent
Following the large pump and dump, there’s a significant discontent among the many Pi neighborhood. Notably, crypto commentator Wooden LightYear expressed frustration over a selected narrative surrounding the Pi Community mainnet launch. In an announcement shared on social media, LightYear said:
“The one narrative I actually hated about yesterday’s itemizing of Pi was that of individuals having low cost entry to build up what we paid for with our time, for a few years.”
The sentiment highlights considerations amongst long-term supporters of the Pi Community, who consider the itemizing undermines the mission’s core narrative of valuing time and a spotlight
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of economic markets. His curiosity in economics and finance has led him to deal with rising Blockchain expertise and cryptocurrency markets. He’s dedicated to steady studying and stays motivated by sharing the data he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and infrequently explores his culinary expertise.
Disclaimer: The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
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