Why Pi Network’s Mainnet Launch Could Be a Total Flop! 😱

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So, the Pi Network developers are finally gearing up for their big mainnet launch, which is apparently happening in March. Yes, March! As if we haven’t been waiting long enough. 🙄

This launch is supposed to be the moment when all those pioneers can finally cash in on their precious tokens and the developers can strut their stuff with their apps. It’s like waiting for a bus that’s always late, but when it arrives, it’s a double-decker with a broken door. 🚍

Can you believe it’s been seven years since they let us mine tokens on our smartphones? Seven years! That’s longer than some relationships last. And yet, here we are, still in the dark about the launch date and the price. Rumor has it the Pi coin will start trading at $3.14, because, of course, it’s all about that mathematical flair. But hold onto your hats, because here are three reasons why the Pi Network price might just crash and burn after the mainnet launch.

1. Revenge Selling: The Ultimate Drama

First up, we have revenge selling. Yes, you heard that right! This is when all those pioneers who’ve been mining for years decide to unleash their pent-up frustration and sell all their tokens at once. It’s like a group therapy session gone wrong. 😅

After waiting for what feels like an eternity for this launch, they’re ready to cash out. They’ve missed the crypto price surges of 2021 and the last three years, and let’s not even talk about the developers missing key deadlines. Remember when they pushed back the KYC verification from November 31 to February 28? Classic! 🙈

2. Tap-to-Earn Tokens: A Crash Course

Next, we have the classic case of tap-to-earn tokens crashing after the airdrop. Just look at Hamster Kombat (HMST) – it’s down 90% from its peak last September. Ouch! 🐹

Other tokens like DOGS and Notcoin have also taken a nosedive. And let’s not forget, Pi Network is a tap-to-earn platform too, where users accumulate tokens by tapping a button on the app. It’s like playing whack-a-mole, but with your finances. 🎮

When the airdrop happens, many users will likely sell their tokens to convert them into fiat currencies. It’s a classic case of “I want my money now!” And it’s not just tap-to-earn tokens that crash; airdropped tokens like Berachain, Wormhole, and zkSync have all plummeted after their launches. So, you can bet many Pi Network pioneers will want to sell early to avoid the same fate. 🏃‍♂️💨

3. Seasonality: The Inevitable Downturn

Lastly, let’s talk about seasonality. The Pi Network mainnet launch might just happen in the last days of the quarter, which historically is the second-worst period for cryptocurrencies. CoinGlass data shows that the average Bitcoin return in Q2 is 26%, followed by a measly 6% in Q3. Talk about a buzzkill! 📉

So, if the seasonality factor kicks in, we could see the Pi coin price drop faster than my motivation to go to the gym after the holidays. Newly launched airdrops tend to do well during a crypto bull run, but if that’s not happening, well, good luck, Pi Network! 🍀

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2025-02-10 15:21