In the vast expanse of the digital realm, a coin named Pi, vaunted by millions of “Pioneers,” prepares for its grand debut on the 20th day of February. Esteemed as a trailblazer in the art of “mobile crypto mining” since the year of our Lord 2019, the Pi Network boasts of upheaving the very fabric of the crypto cosmos, with its Pi coin’s price speculations rending the internet asunder.
Yet, as the fateful day draws nigh, a tempest of controversy swirls around the listing of this vaunted Pi Coin. Is it but a castle in the clouds, a mere “Pi Puff,” constructed from the flimsy masonry of unbridled speculation? 🏰🌬️
Amidst the feverish excitement within the Pi community, the stark truth remains: save for OKX and Bitget, the titans of centralized exchanges have kept their silence, declining to hoist the Pi flag upon their digital bastions.
Market seers attribute this reticence to doubts about the Pi project’s legitimacy. Accusations of a pyramid scheme devoid of sustainable revenue models swirl like leaves in the wind. And let us not forget the cautionary tale of the ill-fated Hamster Kombat, a crypto Telegram game that met its demise in 2024, a stark reminder that hype is but a fickle friend.
Undeterred, the Pi community’s fervor blazes on, their spirits soaring at the prospect of Pi coin gracing OKX and Bitget. Whispers of Binance and CoinBase potentially joining the fray are heard, though no trumpet has heralded their confirmation.
— OKX (@okx) February 12, 2025
Bitget, too, plans to embrace the Pi coin on the day of its much-heralded launch, adding fuel to the speculative fire.
BYBIT CEO: Pi Coin, a Ponzi in Disguise?
Amidst the maelstrom of debate, Ben Zhou, the sage of BYBIT, has decreed that the Pi Coin shall not sully his exchange, likening it to a pyramid scheme. His pronouncement has split the community, with factions dueling over the coin’s virtue or vice.
“Today a bunch of people asked me if I wanted to join pi, I said stop being ridiculous, I used to trade forex and was always being held up by middle-aged women and men asking them to return my hard-earned money, I really don’t want to get involved in the cryptocurrency world… Stay away from it… Thank you.”
Bitget’s subsequent deletion of Pi Coin posts sparked further furor, with the Pi community taking umbrage at the CEO and his cronies, deeming them naysayers of the MLM variety.
A slap on Bybit CEO and other so-called crypto influencers calling Pi an MLM.#PiNetwork2025
— Jatin Gupta (@jatingupta0003) February 13, 2025
As the Pi holders await their coin’s listing with bated breath, the question of legitimacy looms large. Will Binance succumb to the Pi charm? Only time will tell, for the silence from Binance is deafening.
Musings on Pi Coin
From its inception, Pi Coin has been shrouded in hyperbole, thriving on the hopes and dreams of its adherents, much like the ill-fated Hamster Kombat. Time will reveal whether Pi Coin is a steed for the long haul or merely a mirage in the digital desert.
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2025-02-15 15:40