On the afternoon of March 31, the price of Pi officially dropped to $0.68/Pi on the OKX exchange—nearly touching its lowest point since this coin was listed. Compared to its peak of $3/Pi, the value of Pi has “evaporated” by 76%. This decline has sparked heated debates within the “Pi community,” dividing opinions sharply on social media.
The “Bottom-Fishers” Side:
Many supporters are calling out: “This low price is a golden opportunity! Buy when it’s red, sell when it’s green. Now is the time for Pi holders to accumulate; prices will rise by the end of the year!”
Some have even placed buy orders at $0.5-$0.6, hoping to scoop up cheap Pi and wait for the day it reaches new heights to profit.
The “Cut-Loss” Side:
Conversely, many are visibly disappointed, believing Pi is just a “joke.” An anonymous account expressed outrage:
“Pi Network is the scam of the century! They prey on trust, causing people to invest their savings or even take loans to buy Pi, dreaming of a life-changing price of $314/Pi as advertised. The result? Many have lost everything!”
This anonymous account further analyzed harshly:
- Delayed Mainnet: Developers intentionally prolonged the mainnet launch to “milk” advertising money, estimated in the hundreds of millions of dollars over several years.
- KYC Obstacles: The identity verification process has been blocked or stalled, preventing miners from receiving Pi. If they do receive it by 2025, they would have to wait until 2028 to sell—far too long!
- “Stealth Dumping”: During these three years, the development team could quietly sell billions of Pi, pushing the price to rock bottom.
Related: What is PI Network? Information about PI Token?
Currently, the “cut-loss” side seems to have the upper hand. Many have sold all their Pi, accepting heavy losses out of fear that the price will continue to plunge to “unimaginable” levels.
