FROM EUPHORIA TO FALL PI NETWORK LOSES CREDIBILITY.

Pi Network, once hailed as a revolution in mobile mining, has experienced a notable loss of credibility. Following initial enthusiasm that attracted millions of users, the cryptocurrency now wobbles under the weight of unfulfilled promises. Its price has plummeted dramatically, with a decrease of more than 75% in three months, generating significant disillusionment within its community.

The main concern lies in the absence of listing on major exchange platforms like Binance or Coinbase, despite a supposed market capitalization exceeding 5 billion dollars. The lack of transparency and concrete deliverables from the founding team has generated growing distrust. Predictable updates and an inability to address urgent user concerns, combined with uncertainty about an operational 'mainnet' and accusations of 'rug pull' by insiders, have eroded confidence in the project.

In addition, there are a series of critical signals:

-Fund blocking: thousands of users still cannot access their Pi, due to unvalidated or incomplete KYC procedures.

-Extreme price volatility: in the absence of real support in the markets, Pi Network's price remains solely subject to speculation.

-Rapid decline in perceived capitalization: although the project still shows a capitalization above 5 billion dollars, the loss of trust is taking hold.