🌌 Pi Coin’s Wild Ride: Hold or Fold? 🚀

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Well, what a day! The cosmic rollercoaster of the Pi mainnet launch came crashing down faster than you can say “intergalactic sell-off.” In a mere 24 hours, Pi Coin faced a gravitational pull so strong that its price plummeted more than 50% from yesterday’s peak of $2. It’s like everyone decided to play a game of “who can sell the fastest” and won!

Pi Coin’s Spectacular Boom and Bust

Pi Coin, the shining star of the Pi Network, has turned into a supernova, currently trading around $0.70, a dazzling 65% drop from its peak. The investor euphoria? Well, that’s fading faster than a black hole swallows light.

But wait, even at $0.70, the Pi Network still boasts a market cap of $4.45 billion. With over 10 million users, it’s like everyone and their alien neighbor joined the party. After the mainnet launch, 1 billion out of 9.7 billion PI tokens are out in the wild, while the rest are locked away like treasure maps in user wallets, waiting to be unearthed.

Some market analysts are now bullish, but investors should tread carefully, keeping an eye out for any signs of a trend reversal, or perhaps a friendly alien signal.

Will Binance and Coinbase Save the Day?

Despite the current price plummet, optimism for a recovery is higher than a spaceship’s orbit. Analysts warn against selling at the bottom, especially when daily trading volumes are as robust as a rocket launch, exceeding $1.2 billion.

Crypto exchanges like OKX and CoinDCX have thrown Pi Coin a lifeline, and there’s a push to get it listed on giants like Binance and Coinbase.

With Binance and Coinbase in the mix, Pi Coin could become the belle of the ball, attracting traders and investors with their vast user bases and high trading volumes. It’s like adding nitro to a spaceship engine!

$PI network chart doesn’t look bad at all – are you selling the bottom?

Almost 1B volume in 8 hours, and pi is listed on only a few CEX. When #Binance and other top CEX come, the real fun will start. Buy the dip and hold #Picoin #PiNetwork #Crypto #Trump

— GEM HUNTER (@TrueGemHunter) February 20, 2025

Pi Community Raises a Galactic Storm

After the massive pump and dump, the Pi community is stirring with more discontent than a group of space pirates missing their treasure. Crypto commentator Wood LightYear voiced his frustration, saying:

“The only narrative I really hated about yesterday’s listing of Pi was that of people having cheap access to accumulate what we paid for with our time, for many years.”

This sentiment echoes the concerns of long-term Pi Network supporters who feel the listing has undermined the project’s core narrative of valuing time and attention. It’s like someone took their starship without asking!

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2025-02-21 08:21