Pi coins are indeed cheap coins because of mining, as far as I know, these coins are not destroyed and fall to 0.005 USDT, the coins are resistant to all weather market fluctuations, the coins are safe because ....

Based on the image taken from CoinMarketCap, it can be seen that 90% of the Pi Network (PI) community expected the price to go up, as if they were sure that this coin would "go to the moon". However, the reality says otherwise—PI's price actually plunged mercilessly, leaving the community's hopes in ruins.

This is a perfect example of mass delusion, where PI supporters continue to push empty optimism while the market shows the opposite. The momentary price increase is just a mirage before falling deeper, similar to a soap bubble bursting.

The factors behind this collapse could be due to:

Lack of liquidity, aka this coin is not selling in the market.

Massive sell-off, perhaps from those who finally realized and ran away first.

External factors? Not really, this is pure baseless speculation!

Ultimately, this is a valuable lesson for anyone who still believes that Pi Network is a real investment. This coin is more like a crypto nightmare, and for those who are still waiting for PI's "bright future", maybe it's time to wake up from their long sleep and see the reality.