$LTC A the extreme volatility of the PI token has raised doubts about the stability and sustainability of the project, worrying investors and market experts. Several factors explain the rapid decline of Pi. The main reason was the mass selling by the early miners, who acquired large amounts of the currency at zero cost. With the launch of the mainnet, these investors had the chance to convert their tokens into real money. The large available supply quickly drove the price down.

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Moreover, the invitation-based mining model generated distrust, raising questions about the long-term sustainability of the Pi Network. The crypto community reacted mixed to the launch of Pi. While some see the drop as a buying opportunity, others remain skeptical about the project's viability.