The rollercoaster ride for Pi’s price began shortly after its listing on OKx at 3 pm on February 20th. Starting from its initial price of 2 USD, the cryptocurrency reached a peak of 2.20 USD before taking a steep plunge. By 1 pm on February 21st, the price of Pi had dropped to 0.6978 USD, even touching a low of 0.6021 USD—a dizzying fall that left many investors reeling. With this drop, the price had nearly tripled from its listing price.
Many expressed disappointment as, after a six-year wait, the listing price of Pi was not only low but also witnessed a rapid decline. “I’ve been mining Pi for over four years, and I never imagined its price could drop so quickly,” shared an investor on social media.
Source: OKx
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The challenges didn’t stop there, as Pi Network’s technical system encountered continuous glitches. Users were unable to access their wallets, execute transactions, or even log into the application. Error messages kept popping up: “An error has occurred. But don’t worry, your Pi balance is safe. Please come back and try again later!”
Many users also faced difficulties during the identity verification (KYC) process, a crucial step for trading.
Source: Consolidated
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This string of incidents further fueled deep-seated skepticism from industry experts about the project’s reliability. Notably, major players like Binance and Coinbase have maintained a cautious stance, refraining from listing Pi. Even more strikingly, the CEO of ByBit bluntly expressed his opinion, stating that listing Pi is the “last thing” he would consider—a statement that adds to the growing doubts about the project’s long-term prospects.
However, despite these setbacks, Pi Network continues to display an astonishing attraction. With 3.8 million followers on Platform X, surpassing giants like Ethereum and Solana, the project remains a focal point for the global digital currency community.
In the past 24 hours, keywords related to Pi Network and the Pi/USDT trading pair consistently ranked among the top searches on Google, alongside information about OKX, the first exchange to list this cryptocurrency.
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Google’s Top Searches
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– 10:36 21/02/2025
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