#ActiveUserImpact
Earlier today, Pi opened at around $3, which left me completely stunned. But what was even more shocking was when I started investigating in more detail. I checked the data sheets on several exchanges, checked Twitter, and came to a startling realization: There is no Pi contract address! No stake rankings! A so-called mainnet? It doesn’t even exist. No address, no entry point—nothing.
This entire project appears to be a coordinated effort between the team behind it and a handful of low-tier exchanges to promote what can only be described as a “worthless coin.” Upon listing, its full diluted market cap (FDV) had soared to an incredible $3 trillion, with a circulating market cap of over $200 billion. Even after a massive sell-off, it still has a circulating market cap of over $800 billion and a circulating market cap of over $60 billion.
What really gets to me is seeing buyers on Gate.io ask things like: “Who is selling now?” Honestly, I’m more curious about who is still buying! It’s amazing that people are using real money to invest in something that is clearly worthless. This is the crypto world at its most brutal: an arena where the axe of opportunity clashes with the most naive buyers, creating a spectacle of madness. It’s a money-making drama like no other. truly,
