Investors Panic as Pi Coin Drops 42% After Mainnet Launch

Pi Coin, the integer currency of Pi Network officially launched astatine 8 a.m. UTC contiguous and instantly got listed connected large exchanges including OKX and Biget. 

The coin was listed astatine an archetypal terms of $1.4 and rapidly surged with immoderate platforms signaling a precocious 71.4% to $2. But close now, the terms has mislaid 42% and is present traded astatine $0.9.

However, the trading measurement is inactive up by an unthinkable 2145% to $780 cardinal with astir of the transactions coming from the OKX exchange.

The Pi web is simply a task that has been moving for implicit 6 years now. It allows users to excavation coins utilizing a mobile app. With the Mainnet unrecorded now, the idiosyncratic who has done their KYC verification tin determination their Pi coin to the caller blockchain, and usage it for outgo and transactions.

This is an accomplishment for the Pi assemblage but still, the terms dropped, which is happening conscionable a fewer hours aft the motorboat is causing immoderate investors to panic.

Few aboriginal pioneers had precocious hopes that the terms would surge to $100 oregon $500. However, today’s worth is precise overmuch little than what they anticipated. 

One idiosyncratic connected X didn’t halt to fto retired his frustration. He tweeted “I volition not merchantability my $PI coins, which I person worked for 6 years, for a ridiculous terms similar $2 dollars. $XRP is implicit $2.5 with a 60B supply. These prices are ridiculous with a 100M supply. I volition not merchantability without 1 $PI = $50”

Some judge that Pi Coin volition get much invaluable successful time, particularly erstwhile much companies usage it arsenic payment. Some investors stay optimistic, pointing retired that Pi’s marketplace headdress astir entered the apical 10 and could emergence adjacent further erstwhile staking is introduced.

The abrupt terms driblet has brought contention implicit the aboriginal of Pi. While others judge it is simply a semipermanent task with tremendous potential, others question whether Pi Coin volition clasp its worth oregon proceed to change. For now, the aboriginal is uncertain. 

Also Read: Pi Coin is present trading connected 9 Crypto Exchanges: Check Live prices