meme无冕之王
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Some views on the recent surge of Pi Coin
On February 20, 2025, after the official launch of the Pi Network (PI) mainnet, its token experienced dramatic price fluctuations on exchanges like EuYi, with an increase of over 100% within 24 hours. Combined with market dynamics and on-chain data, this surge was mainly driven by the following factors:
1. Short-term market sentiment catalysis
1. Mainnet launch releases liquidity
After the mainnet launch, users need to complete KYC verification and migrate tokens, leading to a short-term surge in market supply. However, as the selling pressure from early miners eased, liquidity gradually stabilized, and the price rebounded from a low of $0.60 to $1.49.
1. Short-term market sentiment catalysis
1. Mainnet launch releases liquidity
After the mainnet launch, users need to complete KYC verification and migrate tokens, leading to a short-term surge in market supply. However, as the selling pressure from early miners eased, liquidity gradually stabilized, and the price rebounded from a low of $0.60 to $1.49.
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