Your focus is on trading coins, but you seem to have forgotten the essence of what coins exist for. The listing of Pi on the blockchain is a disaster for traders, but an important milestone for web3. You are completely missing the point; cryptocurrency exists based on the advancement of the network, not just for you to trade, trade, trade. This is undoubtedly a contribution to the network. Who cares if your trading will lead to a bloodbath?

Once the PI coin successfully goes online, what will be the fate of other altcoins?

Looking back at the last listing of Trump coins, it attracted billions of dollars in funding, causing the altcoin market to be nearly drained. This time, the PI coin is expected to attract over 20 billion dollars in capital inflow, and this huge capital-absorbing effect may have a more far-reaching impact on the market, even mainstream currencies may not be spared.
Therefore, the prosperous season for altcoins seems to have become even more unattainable.
Personally, I am indeed not optimistic about this, and I even think that the listing of PI coin is a disaster for blockchain and the coin circle. What do you think?