Pi Network Crashes? Massive Sell-Off Sends Pi Price Tumbling!
Pi Network saw a large sell-off as a result of their much-anticipated Pi Day celebrations falling short of expectations. The KYC purge, which resulted in the loss of Pi tokens for millions of unverified accounts and caused community discontent and panic selling, was one of the primary causes of this.
As a result, the price of Pi dropped 4% to $1.49. Following a brief period of euphoria during which the coin rose 20% to $1.70 before correcting, there was a decline. Despite this setback, recent events, such as the introduction of Pi domains, have reignited interest, and many people now think that Pi may soon surpass $2 once more.
Will Pi Network’s Latest Innovation Push It to New Highs?
Pi Network is hopeful about its future in spite of the difficulties. With the recent introduction of domain bidding using Pi Coins, community members now have the opportunity to purchase distinctive domain names in the decentralized market, reigniting interest. This discovery is seen to have the potential to revolutionize Web3.
In the long run, Pi Network’s success will rely on its capacity to create greater utility, acquire practical acceptance, and provide an understandable, doable roadmap. Many believe that the Pi Network may soon reach new heights due to continuous advancements and possible exchange listings.
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