Will the Pi Network coin repeat the USUALUSDT scenario?

With the launch of the Pi Network coin in the markets approaching, there is much talk about its future, especially as some compare it to the USUALUSDT coin, which saw a strong rise before crashing sharply.

Looking at the chart for USUALUSDT, we notice it quickly jumped to $1.6489 before falling back to levels of $0.1321. This pattern of volatility has occurred with many new cryptocurrencies entering the market amid significant media hype, only to face the reality of actual trading.

The Pi Network coin has been mined in advance through mobile phones, meaning a large number of users own amounts of it at no actual cost. Upon its listing, this could lead to massive sell-offs by those looking to capitalize on quick profits, which could affect the price as happened with USUALUSDT.

On the other hand, there is the factor of liquidity and trading on major platforms. If there is not strong demand, the coin may experience the same fate as USUALUSDT, where the rise is short-lived followed by a continuous decline due to a lack of real support in the market.

Considering what happened with USUALUSDT, coins that start with a strong launch may not maintain their momentum for long if they do not have a clear strategy to support the price after listing.