Pi Network’s native cryptocurrency, $PI, has seen a major decline, falling from its all-time high of $2.20 to $0.87. 📉 If you managed to sell your mined $PI between $1.50 and $2.00, you likely made a smart move! 💰
🔍 Key Concerns About $PI's Future:
1️⃣ Massive Token Supply – With a total supply of 100 billion $PI, concerns are growing about whether the token can ever recover. A supply this large tends to drive prices lower over time.
2️⃣ Questionable KYC Process – Pi Network's KYC approval system raised red flags. Reports suggest that users with large PI holdings were unable to get KYC approval, preventing them from migrating their tokens to the Pi mainnet. Meanwhile, users with under 300 PI were prioritized. This selective process has led to speculation that the Pi team may have benefited at the expense of retail investors. 🤔
3️⃣ Inflationary Tokenomics – The token’s model suggests continuous supply increases, which could lead to even further price drops. Some analysts predict that $PI may lose another zero, making it even less valuable in the long run.
🚀 Will $PI Bounce Back? While the Pi community remains hopeful, the project faces major hurdles. Without significant real-world adoption, stronger demand, and a more transparent KYC process, $PI's price may struggle to recover.
💭 What’s your take on Pi Network’s future? Comment below and let’s discuss! 👇🔽
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