Tag: PI token
Pi Network Coin Experiences Over 60% Drop After Mainnet Launch: Factors Fueling the Decline
The Pi Network's PI token plunged more than 60% following its mainnet launch, dropping from $1.97 to $0.64. This steep decline was driven by scam accusations, early miner cash-outs, general crypto market weaknesses, concerns about future token supplies, and technical market patterns. The project's recovery depends on growing its ecosystem and managing selling pressure.
Read more