TL;DR
So, the KYC Grace Period has ended, and guess what? Panic selling is in full swing! PI is now trading at a shocking $1.17. 😬
Even with 86% of the votes saying “Yes, please!” Binance is still playing hard to get, while Bybit’s CEO is throwing shade, calling Pi Network a scam. Ouch! 😒
PI’s Dramatic Freefall
Picture this: Pi Network’s token just started trading less than a month ago, and it’s already on a rollercoaster ride that would make even the bravest thrill-seeker dizzy. 🎢
On February 20, the day the project finally launched its Open Network, the price soared above $1.80. But hold onto your hats, because the very next day, it plummeted below $0.65! Talk about a mood swing! 😱
After a brief rally that took it to an all-time high of nearly $3, the peak was as short-lived as my last relationship. Now, it’s trading at around $1.17, which is a 16% drop in just 24 hours. Yikes! 📉
What’s causing this drama, you ask? Well, the end of the KYC verification process might be the culprit. The Grace Period ended on March 14, and surprise, surprise, the team didn’t extend it this time. 🙄
They warned users to complete their steps before the deadline, or risk losing their precious mined PI tokens. Naturally, this caused a wave of uncertainty and panic, sending prices spiraling downwards. Who knew crypto could be so dramatic? 🎭
And let’s not forget Binance, the world’s biggest exchange, which has been more of a wallflower than a dance partner. They held a community vote, and while 86% of users were all for it, Binance is still ghosting them. Classic! 😒
Other exchanges like Coinbase and Kraken are also playing it safe, while Bybit’s CEO is throwing around the word “scam.” Can we get a collective eye roll, please? 🙄
PI Price Predictions: The Optimists Speak!
Despite the price dive, some PI bulls are still holding onto hope. One user, Coinvo, thinks this bearish phase might just be the calm before the storm—a storm of price rallies, that is! 🌩️
Another market observer believes PI is headed for $1, and once it hits that, it’s all systems go for a pump! And let’s not forget the enthusiastic Pi Network News Global, who’s ready to buy more if the price drops to $0.60. Talk about commitment! 💪
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2025-03-18 11:13