In the grand theater of digital currencies, the Pi coin has pirouetted into the spotlight, reaching a dizzying new all-time high (ATH) of $2.98. This remarkable ascent, particularly amidst the somber dirge of the broader crypto market, has left many scratching their heads, pondering the legitimacy of the Pi network amidst whispers of deceit.
Pi Coin Price Hits New All-Time High
According to the oracle of CoinMarketCap, the Pi coin has soared to heights previously thought unattainable, just days after it languished at a mere $0.6. Such a dramatic turnaround is akin to a phoenix rising from the ashes, especially when one considers the recent crypto market crash that sent Bitcoin, Ethereum, and their ilk tumbling down like a house of cards.
Yet, as the Pi coin dances in the limelight, the specter of scam allegations looms large. Before the network’s mainnet launch, skeptics were quick to brand it a fraud, and even after its debut, the chorus of doubt persisted as the coin’s value plummeted.
Bybit’s CEO, Ben Zhou, has not held back, branding the Pi network a scam and vowing that his exchange would not entertain its listing. Meanwhile, the ever-controversial crypto influencer SHIB Gems has chimed in, suggesting that while the Pi network may be a scam, there’s still a chance for profit. Ah, the irony! 😂
Network Responds To Scam Allegations
In a bold move, the Pi network took to X to counter Zhou’s claims, asserting that they are not entangled with the Chinese police’s warnings. They emphasized their innocence, claiming no contact with law enforcement regarding any alleged scams. A legitimate platform, they declare, backed by a six-year saga and a legion of over 60 million users. Quite the fan club, wouldn’t you say?
They further explained that the delay in launching their mainnet was a strategic maneuver, designed to ensure a robust and thriving community, unlike those hapless projects that stumble out of the gate, only to be beset by rogue elements. They also distanced themselves from the social media accounts that took potshots at Zhou, condemning the negativity. How noble! 🙄
Pi Coin To Hit $10
In the wake of this ATH,
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2025-02-26 21:19