Pi Network is more dangerous than meme coins
In recent discussions, Bybit CEO Ben Zhou bluntly stated that the PI network is “more dangerous than meme coins.”
After week’s speech, the PI Network community responded negatively, dropping the Bybit app’s rating to 2.7 stars on the Google Play Store.
Bybit CEO: PI network is more dangerous than meme coins
Zhou explained his position PI network It also pointed out that the project lacks a fully functional product. Although earlier Lists on platforms like OKX and mexc.
In addition, Zhou emphasized that its value depends to a large extent on community expectations, not fundamental factors. After years of development, the PI network still lacks a fully operational blockchain. It cannot be traded publicly, which raises many questions about the transparency and real potential of the project.
According to Zhou, relying on community trust and FOMO without tangible products poses a real danger. If the project fails to meet critical milestones, such as launching the mainnet or gaining widespread adoption, significant risks arise. In the past, PI network has repeatedly postponed its mainnet release and KYC processes. The project recently announced a Open Internet February 20, 2025.
Recently, the project extended its KYC deadline to March 14. However, many pioneers reported Unsolved technical issues. They called for more time to resolve them.
Given these issues, Zhou believes that the PI network is more dangerous than the meme coins. picture Dog (Doge) and Shiba Inu ((Hebrew), although also community-oriented, has established a blockchain foundation and is listed on major exchanges. This provides them with greater liquidity and clearer market value. Before, Zhou also commented PI project is a scam.
Weekly comments about PI Network have aroused some pioneers’ confidence in the project and have sparked backlash from the PI Network community. Many people think the assessment is unfair because the PI network is still in development and has great future potential in their opinion.
“Bybit CEO Ben Zhou’s statement on the PI network reveals a deep understanding and superficial assessment of the crypto ecosystem,” explain X User S_NAKOTOMO.
Following this statement, the PI Network Community retaliated by reducing the Bybit App’s rating to 2.7 stars on the Google Play Store. Zhou said he hopes the PI network team will move forward publicly to clarify its projects, rather than resorting to individual attacks or targeting exchanges.
This is not the first time the PI community has communicated against adverse remarks. Previously, they called for a 1-star rate to leave after the Binance App Voted On the PI, but later refused to list it. Using this passion, Binance introduced Features allow community voting Tokens that should be listed or familiar with.
Meanwhile, PI network token Try to hit $2 as the dominant indicator.
At press time, the PI coins were trading at $1.43, less than 1% in the past 24 hours.
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