The fake application is a trap, hiring KOLs to hype Pi up to $314, then luring many Pi holders to jump in and buy to provide liquidity, while blocking about 85%~ 55 million Pi holders who are stuck on KYC or missing out on their Pi. If any do come back, it will be 3 years before they can sell due to being locked. The essence of this is a professional scam project; many Pi holders borrowed bank money to buy Pi at the peak of $3. I saw in the group there’s someone who borrowed 1 billion to buy right at the peak of $3 and is currently down 800 million VND, paying nearly 10 million in interest each month.
Nicolas is very cunning in that he divides his 20 billion Pi into 10,000 wallets, each wallet dumping a few million dollars a day, while Pi holders keep coming in to provide liquidity. His goal in blocking nearly 55 million accounts is to secretly dump Pi; Binance and the CEO of Bybit have already warned about this.
This Pi project keeps boasting about this technology and that technology, this dApp and that dApp, but there is nothing at all. The farms are all using clone apps and fake charges for KYC, and there are absolutely no dApps. Now they're resorting to the trick of auctioning off trademark-violating domain names.
What do you think about this? And guys, please avoid those Pi holders!#piscam 