Cryptotal18
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Pi Network Crashes 25% After Bybit CEO’s Criticism—What’s Next?
The price of Pi Network (PI) plunged from $1.70 to $1.20, marking a 25%-30% drop within 24 hours following negative statements from Bybit’s CEO. The sharp decline has fueled speculation about Pi’s enclosed mainnet and its overall legitimacy.
📉 Why Did PI Crash?
🔸 Bybit CEO’s Criticism – The remarks raised doubts about Pi’s market status.
🔸 Speculation & Market Uncertainty – Without full exchange listings, PI remains vulnerable to sentiment-driven moves.
🔸 Selling Pressure Increases – The enclosed mainnet prevents open trading, limiting liquidity.
🚀 Pi Community’s Response
Despite the drop, Pi holders remain confident, viewing this as a temporary setback rather than a long-term issue. The debate around Pi’s official exchange listings and future adoption has only intensified.
🔮 What’s Next for PI?
📌 Bullish Case: If exchange listings or network updates arrive, PI could recover above $1.50+.
📌 Bearish Case: If negative sentiment lingers, PI might struggle to stay above $1.00 support.
📌 Market Watch: Traders are eyeing upcoming announcements and Pi Day (March 14) for potential catalysts.
Will PI bounce back stronger, or is this the start of deeper declines? Let’s discuss! 📊🔥
#PiNetwork #CryptoNews #bybit #PiCoin #Binance $BTC $ETH $XRP
The price of Pi Network (PI) plunged from $1.70 to $1.20, marking a 25%-30% drop within 24 hours following negative statements from Bybit’s CEO. The sharp decline has fueled speculation about Pi’s enclosed mainnet and its overall legitimacy.
📉 Why Did PI Crash?
🔸 Bybit CEO’s Criticism – The remarks raised doubts about Pi’s market status.
🔸 Speculation & Market Uncertainty – Without full exchange listings, PI remains vulnerable to sentiment-driven moves.
🔸 Selling Pressure Increases – The enclosed mainnet prevents open trading, limiting liquidity.
🚀 Pi Community’s Response
Despite the drop, Pi holders remain confident, viewing this as a temporary setback rather than a long-term issue. The debate around Pi’s official exchange listings and future adoption has only intensified.
🔮 What’s Next for PI?
📌 Bullish Case: If exchange listings or network updates arrive, PI could recover above $1.50+.
📌 Bearish Case: If negative sentiment lingers, PI might struggle to stay above $1.00 support.
📌 Market Watch: Traders are eyeing upcoming announcements and Pi Day (March 14) for potential catalysts.
Will PI bounce back stronger, or is this the start of deeper declines? Let’s discuss! 📊🔥
#PiNetwork #CryptoNews #bybit #PiCoin #Binance $BTC $ETH $XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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