Pi Coin Crashes 62% Minutes After Launch

The Pi Network Coin crashed 62% minutes aft luncheon arsenic investors dumped the token and jumped ship. Post-launch, it reached an all-time precocious of $1.97 and plummeted instantly aft reaching its ATH. It is present down 67% from its ATH and is attracting bearish sentiments successful the charts. A speedy betterment from present looks bleak arsenic users are inactive struggling to transportation their ‘mined coins’ into the Mainnet network.

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Source: Coingecko

This was the lone cryptocurrency that allowed users to excavation coins connected their smartphones. The mining process began successful 2019 and continued till February 2025 earlier being listed connected cryptocurrency trading platforms. Millions of users worldwide relentlessly mined the tokens accumulating Pi Coins into their portfolio. The listing connected Thursday has allowed users to merchantability their mined coins connected the cryptocurrency exchanges.

Source: Coingecko

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However, the bulk of the users were incapable to taxable their KYC (Know Your Customer) forms. The ones who managed to taxable are inactive successful the queue for approval. Therefore, the migration from the Testnet to the Mainnet is pending disallowing miners to involvement a assertion of their coins. The migration contented is faced by thousands of users and the bulk of coins are locked successful the network.

Can Pi Coin Recover successful Price?

Source: X / Pi Core Team

Pi Coin has little accidental of betterment arsenic users are selling the tokens aft being migrated to the Mainnet. The fig of sellers outweighs the buyers making Pi Coin relentlessly dip successful the indices. The token is yet to stabilize successful the marketplace and is presently facing utmost volatility. Another leg-down from present could instrumentality its terms beneath the $0.50 level. It is present hovering astir the $0.64 people and is down astir 50% successful the charts.

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Several apical cryptocurrency trading platforms similar Gate.io, OKX, and Bitget listed the Pi Coin connected the time of its launch. Though buying and selling for the token is made available, sellers are much compared to buyers. This is adding unit connected the token making its terms dip a time aft its launch.