TL;DR
- Once a beacon of hope, PI’s price has plummeted 65% in a month, leaving even its most ardent supporters in disbelief.
- All eyes are on Binance and Coinbase for a potential lifeline.
From Cheerleader to Cynic
Ah, the Pi Network! Once a shining star in the cryptocurrency cosmos, it has now become a rather dim bulb, flickering uncertainly in the dark. Just yesterday, its value took a nosedive of 7%, landing at a staggering $0.63. A month ago, it was a mere dreamer, but now it’s a full-blown nightmare, having lost 65% of its worth. Who knew that dreams could crash so spectacularly? 😅
Even the most devoted fans are now donning their critic hats. Take MOON JEFF, for instance, a former prophet of Pi who once foresaw its ascent to $5. Now, he’s joined the ranks of the disillusioned, declaring that Pi Network is “now a slow rug.” His scathing remarks about the project’s team are nothing short of poetic:
“They promised us 100 Dapps at launch, but here we are, with less than 5 limping along.”
According to our dear MOON JEFF, the dream of hitting $1 is just that—a dream. And breaking through that barrier? Well, that’s just another whimsical fantasy. 🎈
But wait, there’s more! He also pointed out that the daily unlocks of tokens are “back in millions.”
“The daily unlocks will kill PI. The daily selling pressure is insane.”
Earlier this week, the ever-reliable Watch.Guru revealed that over 121 million PI tokens are set to be unlocked in the next 30 days. If you thought the price was bad now, just wait until the floodgates open! The circulating supply is already a staggering 6.8 billion, with over 90% of the total supply still locked away. It’s like waiting for a surprise party that never happens—except the surprise is a massive price drop! 🎉
What Can Save This Sinking Ship?
Now, if there’s any hope for PI to stop its freefall, it lies in the hands of the cryptocurrency exchanges. A little support from the big players could work wonders, increasing liquidity and restoring some semblance of dignity to this beleaguered token.
In February, Binance held a vote to see if users wanted PI trading on their platform. A resounding 86% said “yes,” but Binance has been as silent as a mime in a library since then. 🤐
Coinbase, too, has been rumored to be considering PI. Paul Grewal, the chief legal officer, sparked a flicker of hope in mid-March when he said:
“We take PiDay at Coinbase very seriously.”
But alas, no follow-up has materialized, and the asset remains as elusive as a cat in a dog park. 🐱🐶
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2025-04-03 15:00