What’s Next After 30% Crash?
PI Network’s digital currency, Pi Coin, has officially launched its main network and is listed in several major exchanges including OKX and BITGET. After its launch, the price of Pi Coin soared to $1.4, with some platforms having all-time highs of more than $2. However, prices have dropped recently, circling After a 30% crash, about $1.18.
The release of the PI Network mainnet marks an important milestone for the project, which has been in development for six years. Users who complete the KYC process can now migrate their PI coins to the mainnet and use them for transactions, business payments, and other applications in the PI ecosystem.
“The PI network has been allocating wealth to everyone in the world who wants it, free, and that has benefited millions of people,” analyst Kim Wong wrote in the scam speculation.
Despite initially high expectations for the value of Pi Coin (from $100 to $500), many forecasts did not drop. The value of the coin, while lower than expected, is still a huge achievement for holders, as those who accumulate coins during the online testing phase can now swap it for actual value.
One user wrote on X: “I won’t sell $PI coins I’ve worked for 6 years, about $2. $XRP is over $2.5, and supplies 60b. These prices are absurd and supply 100m. Without 1 $pi = $50, I won’t sell it.”
Another user shared that the PI network has become an encrypted history. After launching the open mainnet, PI’s market value has almost entered the top 10 and is expected to enter the top 3 dollars soon. They believe that once Pi staking starts, prices will soar.
