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. After an initial enthusiasm that attracted millions of users, the cryptocurrency is faltering under the weight of unfulfilled promises. Its price has drastically dropped, with a decrease of over 75% in three months, generating significant disenchantment within its community.

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

In addition, a series of critical signals include:

-Fund locking: thousands of users have still been unable to access their Pi due to unvalidated or incomplete KYC procedures

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

-Rapid decline in perceived capitalization: although the project still boasts a capitalization of over 5 billion dollars, the loss of trust is setting in.