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Why Is Pi Network (PI) Falling?
Pi Network’s price has been in decline recently, and many community members are wondering why. Here are some key reasons behind the drop:
1️⃣ No Mainnet Yet – Pi Network is still in its enclosed mainnet phase, meaning users can’t officially trade Pi on external exchanges. This uncertainty affects confidence.
2️⃣ Speculative Trading on Unofficial Markets – The Pi price shown on exchanges like HTX or BitMart isn’t from official Pi transactions. Instead, it’s based on IOUs, meaning buyers are speculating on the future price of Pi without actual coins. As speculation cools, the price drops.
3️⃣ Slow KYC Process – Many users are still waiting for their KYC (Know Your Customer) verification. Without passing KYC, they can’t migrate their mined Pi to the mainnet, reducing actual Pi liquidity.
4️⃣ Hype vs. Reality – Pi saw massive hype, with some users expecting high valuations. As reality sets in and the enclosed mainnet continues, some are losing patience, leading to selling pressure.
5️⃣ Market Conditions – The overall crypto market trends also influence Pi’s price. If Bitcoin and other major cryptos face corrections, speculative assets like Pi may follow.
🚀 What’s Next?
Pi’s real value will only be determined when the open mainnet launches and real trading begins. Until then, its price remains speculative.
What do you think about Pi’s future? Share your thoughts below! 👇
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