Pi Network Pi Network
pi
1.68%
Pi Network token officially launched on Feb. 20, coinciding with the launch of Pi Network’s mainnet. Shortly after launch, several centralized exchanges, including OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget, listed PI for trading. Following these listings, PI’s price surged 36.8% within the first hour, reaching a high of $1.97, according to CoinGecko.
However, a rapid sell-off followed as early adopters started liquidating their holdings. As a result, the price plunged from its all-time high of $1.97 to its all-time low of $0.61 on the same day. Adding to the turbulence, accusations of fraud emerged. Bybit CEO Ben Zhou referenced a Chinese report labeling Pi Network a scam, specifically targeting elderly investors. Pi Network dismissed these allegations, asserting its legitimacy as a project that has been in development for six years.
