🚨 PI COIN PLUMMETS DRAMATICALLY: FROM $3 INFLATED TO ONLY $0.63! 💣🔥

🎯 DEVELOPMENT:

- Once surged above $3 due to FOMO effect.

- Currently dropped to $0.6344 — lost nearly 80% of its value.

🚩 INITIAL WARNINGS:

- Controversial “one-click coin acquisition” mining.

- Lack of transparency in tokenomics & operations.

- Attracting users through marketing and promises of easy wealth.

🎯 WHERE DID THE PRICE INCREASE COME FROM?

- Extremely low liquidity.

- Trading primarily internal, easily manipulable prices.

- Few listings on exchanges, no real market pricing mechanism.

🚩 TECHNICAL ANALYSIS:

- Has broken through key support levels.

- Weak RSI (37), no signs of recovery.

- Trading volume continuously decreasing.

- Next dangerous target around $0.50.

🎯 REASONS FOR COLLAPSE:

- Supply far exceeds demand.

- No real applications creating demand.

- Legal concerns from non-traditional distribution model.

- Investors becoming increasingly cautious.

💡 CONCLUSION:

> Pi Network is stuck between a crisis of trust and the reality of value.

> The “free money” narrative is gradually coming to an end!

❓ In your opinion: Does Pi have a chance to recover or will it continue to be a “costly lesson” for crypto? Drop your thoughts below! 👇👇👇