Pi Network’s Token Tsunami: 119 Million Coins to Flood the Market! 😱

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Ah, Pi Coin, that elusive digital trinket, now languishing at a paltry $0.59, as if it were a forgotten kopeck in the depths of a peasant’s pocket. The $0.60 mark looms like an insurmountable fortress, mocking its feeble attempts to ascend. Over the past fortnight, it has tumbled more than 30%, and compared to its February peak, it’s a shadow of its former self, down by a staggering 80%. Truly, a tragedy worthy of a Gogolian tale.

But wait, there’s more! A veritable deluge of tokens is upon us. PiScan, that oracle of blockchain data, predicts that 119 million Pi tokens will soon flood the market, like a swarm of locusts descending upon a wheat field. Already, 1.4 million tokens were unleashed on April 11, and the rest will trickle out like a leaky faucet throughout the month. One can almost hear the collective groan of investors. 🥲

Community Outrage: Pi Network’s Broken Promises Stir the Pot

As the price plummets, the Pi Network community is in an uproar, their frustration bubbling over like a pot of borscht left too long on the stove. Pi Network Turkey, the project’s largest regional group, has issued a scathing rebuke, accusing the core team of behaving like tsars, deaf to the pleas of their subjects. “What we once dreamed of has turned to dust,” they lamented, pointing to broken promises, a lack of transparency, and the ever-elusive Open Mainnet launch. One wonders if the developers are simply too busy counting their tokens to notice. 🤔

To add insult to injury, the group highlighted the project’s murky financials, vague partnerships, and the mysterious absence of live decentralized applications (dApps). It’s as if the entire endeavor is built on smoke and mirrors, with a dash of wishful thinking.

Pi Network: A House of Cards?

Some analysts, those ever-watchful hawks, suggest that the token’s decline is not merely due to the impending flood of coins but also a growing skepticism about the project’s very foundation. Is Pi Network truly building a Web3 utopia, or is it merely a carnival act, riding the coattails of crypto mania? As doubts multiply, the project’s credibility teeters on the edge, like a drunkard on a slippery cobblestone street. 🍻

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2025-04-11 09:27