#OnChainInsights

#OnChainInsights #PIListing Carnival#.

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 are no Pi contract addresses! No stake rankings! The 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-end exchanges to promote what can only be described as a “worthless coin.” Upon listing, its full diluted market capitalization (FDV) has skyrocketed to an incredible $3 trillion, with a circulating market cap of over $200 billion. Even after a massive sell-off, it still has a diluted market cap of over $800 billion and a circulating market cap of over $60 billion.