Pi Network Coin Crashes 62% – What Happened & What’s Next?
So, let’s talk about the recent buzz in the crypto world—Pi Network Coin. If you’ve been following its journey, you probably know that it just got listed on major exchanges. But what shocked everyone was its massive 62% price drop in just one day. Let’s break it down—what happened, why the price tanked, and what this means for the future of Pi Network.
When Pi Coin debuted, it hit a high of $1.97. But within hours, it plummeted to just $0.737. That’s a serious crash! Now, there are a few reasons behind this. One big factor? Early miners cashing out. Since 2019, millions of users have been mining Pi on their smartphones—completely free. Now that it’s finally tradable, many early adopters are selling off their holdings to secure profits. With so many coins flooding the market, the price naturally took a hit.
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Another reason? Pi isn’t listed on Binance yet. While exchanges like OKX, CoinDCX, and Bitget support Pi, Binance—the world's largest crypto exchange—hasn’t listed it. That’s a big deal because Binance provides massive liquidity and credibility. There’s hope, though—Binance recently asked its followers about Pi, hinting that they might be considering it.
Then there’s the issue of Pi’s real-world usability. Unlike Bitcoin or Ethereum, which have well-established ecosystems, Pi is still in its early stages. Yes, the Pi Wallet and Pi Browser exist, but there aren’t many decentralized applications (dApps) built on it yet. Until Pi Network proves it has practical applications, big investors may hesitate to jump in.
Despite all this, not everyone is bearish on Pi. Digital currency analyst Kim H. Wong believes that once early sellers exhaust their supply, demand could push prices back up. Plus, with 110 million users and growing, Pi Network still has enormous potential. Some experts even predict that if Pi gains mainstream adoption, its price could surpass $500 by 2030.
The question now is—can Pi Network build a solid ecosystem, get more real-world adoption, and secure that all-important Binance listing? If it can, this crash might just be a temporary bump in the road. But for now, crypto enthusiasts are watching closely. If you’re holding Pi, the decision is yours—hold on for the ride or cash out while you can?
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