Randi Zaino OoJa
2 Following
13 Followers
17 Liked
0 Shared
See original
Very funny remarks, Pi is a new currency, and it's normal to experience significant market fluctuations right after its launch. Wait for it to be on the market for a month, and if there are still such fluctuations, then feel free to criticize.
The market value of Pi coins is significantly inflated, and everyone should not be deceived!
After carefully examining on-chain data, we found that the so-called hundreds of billions or trillions in market value is completely unrealistic. In fact, the number of Pi coins that can truly circulate in the market is only about 300 million. Moreover, these few circulating coins are scattered across various exchanges by the project team.
It is precisely due to this severe lack of liquidity that the price of Pi coins has experienced drastic fluctuations. Just like the recent large bearish candle, the price plummeted by 30% and then quickly rebounded. This significant rise and fall fully demonstrates its lack of liquidity. A currency that claims to have a market value of hundreds of billions should exhibit relatively stable price performance, but the current state of Pi coins is far from that.
So, whether you are optimistic and plan to go long, or pessimistic and intend to short, it is best to stay away from Pi coins. If you do not have a strong psychological resilience like mine, you might suffer heavy losses in this operation.
Those who think I am deliberately pessimistic about Pi coins and say I am “sour grapes” should refrain from rebutting too quickly. The reason I say the price of Pi coins is driven so high is that currently, there are only 300 million coins that can circulate. Let’s not forget, even if one day you can successfully sell your Pi coins, if the circulation rate reaches 10 billion, selling one coin for $0.1 would be nothing short of a fantasy, almost an impossible miracle.
In plain terms, even if the price of Pi coins rises to a million each, it has nothing to do with you. Because by the time you can finally withdraw your coins, the project team and the exchange's market makers would have long since crashed the market and run away. At that time, when the remaining 99.7 billion coins are unlocked, your Pi coins would likely sell for less than $0.01.
So, everyone should pray for the Buddha to open his eyes, hoping you can get through this difficult time soon and sell some Pi coins at a relatively high price to buy an electric car and improve your life!
After carefully examining on-chain data, we found that the so-called hundreds of billions or trillions in market value is completely unrealistic. In fact, the number of Pi coins that can truly circulate in the market is only about 300 million. Moreover, these few circulating coins are scattered across various exchanges by the project team.
It is precisely due to this severe lack of liquidity that the price of Pi coins has experienced drastic fluctuations. Just like the recent large bearish candle, the price plummeted by 30% and then quickly rebounded. This significant rise and fall fully demonstrates its lack of liquidity. A currency that claims to have a market value of hundreds of billions should exhibit relatively stable price performance, but the current state of Pi coins is far from that.
So, whether you are optimistic and plan to go long, or pessimistic and intend to short, it is best to stay away from Pi coins. If you do not have a strong psychological resilience like mine, you might suffer heavy losses in this operation.
Those who think I am deliberately pessimistic about Pi coins and say I am “sour grapes” should refrain from rebutting too quickly. The reason I say the price of Pi coins is driven so high is that currently, there are only 300 million coins that can circulate. Let’s not forget, even if one day you can successfully sell your Pi coins, if the circulation rate reaches 10 billion, selling one coin for $0.1 would be nothing short of a fantasy, almost an impossible miracle.
In plain terms, even if the price of Pi coins rises to a million each, it has nothing to do with you. Because by the time you can finally withdraw your coins, the project team and the exchange's market makers would have long since crashed the market and run away. At that time, when the remaining 99.7 billion coins are unlocked, your Pi coins would likely sell for less than $0.01.
So, everyone should pray for the Buddha to open his eyes, hoping you can get through this difficult time soon and sell some Pi coins at a relatively high price to buy an electric car and improve your life!
See original
If there is, could you post it? For public evaluation?
Of course there is.
See original
Do you have the email records of the discussion between Nikola's team and you? If you do, I will believe you; if not...
My experience with Pi Network: Uncovering the truth behind the pi.app domain transaction and serious fraud
My experience with Pi Network: Uncovering the truth behind the pi.app domain transaction and serious fraud
Introduction
As the former owner of the pi.app domain name, I write this article to share my personal experiences with Pi Network and its founders—Nicolas Kokkalis, Chengdiao Fan, and Vincent McPhillip—and clarify the events that led me to publicly accuse the project of 'serious fraud.' My narrative is not intended to 'smear' Pi Network, as some users claim, but to inform millions of global Pi users, especially those who joined after the mainnet launch on February 20, 2025, of the truth and protect their rights.
Introduction
As the former owner of the pi.app domain name, I write this article to share my personal experiences with Pi Network and its founders—Nicolas Kokkalis, Chengdiao Fan, and Vincent McPhillip—and clarify the events that led me to publicly accuse the project of 'serious fraud.' My narrative is not intended to 'smear' Pi Network, as some users claim, but to inform millions of global Pi users, especially those who joined after the mainnet launch on February 20, 2025, of the truth and protect their rights.
See original
Is there evidence? Or link?
#pi pp Shocking Internal Struggle! Pi Network Nearly Collapsed, Founders Exposed in Infighting!**
In 2020, the highly anticipated cryptocurrency project Pi Network faced an intense power struggle just before its launch, nearly leading to its demise. Although it ultimately successfully launched its mainnet and conducted one of the largest airdrops in history, the details of this internal conflict remain largely unknown.
**Founders Feuding: Legal Battles and Power Struggles**
In 2020, one of the co-founders of Pi Network, Vincent McPhilip, sued the other two founders, Nicolas Kokkalis and Chengdiao Fan, accusing them of misusing company resources, creating a toxic work environment, and attempting to push him out. McPhilip claimed that Kokkalis and Fan's marital issues severely affected their work, even leading to physical altercations, which hindered his ability to effectively lead the project.
McPhilip also revealed that Kokkalis and Fan tried to dilute his shares by issuing new stocks at a low price, further undermining his influence in the company. This dispute was eventually settled in July 2023, but specific details were not made public. Following this, McPhilip turned to a new project, Knomad, and continued to be active in the cryptocurrency space.
**Pi Network Responds to Fraud Allegations**
Despite a continuous increase in user numbers, Pi Network still faces allegations of fraud. On February 22, the project team issued a statement clarifying that they are not involved in any fraudulent activities and condemned illegal actions that misused their name. The team emphasized that the warnings from Chinese police are unrelated to Pi Network and that they have not communicated with authorities.
Furthermore, Pi Network denied any connection with the cryptocurrency exchange ByBit and its CEO Ben Zhou, and clearly distanced themselves from negative comments on social media. Despite ongoing controversies, the price of Pi Network's tokens surged by 86% within 24 hours, reaching a market capitalization of $10 billion, demonstrating strong market performance.
**Conclusion**
The internal struggles and fraud allegations surrounding Pi Network reveal the complex reality behind the glamorous facade of the cryptocurrency industry. Despite facing numerous challenges, Pi Network still holds a place in the market, but its future development remains uncertain.
In 2020, the highly anticipated cryptocurrency project Pi Network faced an intense power struggle just before its launch, nearly leading to its demise. Although it ultimately successfully launched its mainnet and conducted one of the largest airdrops in history, the details of this internal conflict remain largely unknown.
**Founders Feuding: Legal Battles and Power Struggles**
In 2020, one of the co-founders of Pi Network, Vincent McPhilip, sued the other two founders, Nicolas Kokkalis and Chengdiao Fan, accusing them of misusing company resources, creating a toxic work environment, and attempting to push him out. McPhilip claimed that Kokkalis and Fan's marital issues severely affected their work, even leading to physical altercations, which hindered his ability to effectively lead the project.
McPhilip also revealed that Kokkalis and Fan tried to dilute his shares by issuing new stocks at a low price, further undermining his influence in the company. This dispute was eventually settled in July 2023, but specific details were not made public. Following this, McPhilip turned to a new project, Knomad, and continued to be active in the cryptocurrency space.
**Pi Network Responds to Fraud Allegations**
Despite a continuous increase in user numbers, Pi Network still faces allegations of fraud. On February 22, the project team issued a statement clarifying that they are not involved in any fraudulent activities and condemned illegal actions that misused their name. The team emphasized that the warnings from Chinese police are unrelated to Pi Network and that they have not communicated with authorities.
Furthermore, Pi Network denied any connection with the cryptocurrency exchange ByBit and its CEO Ben Zhou, and clearly distanced themselves from negative comments on social media. Despite ongoing controversies, the price of Pi Network's tokens surged by 86% within 24 hours, reaching a market capitalization of $10 billion, demonstrating strong market performance.
**Conclusion**
The internal struggles and fraud allegations surrounding Pi Network reveal the complex reality behind the glamorous facade of the cryptocurrency industry. Despite facing numerous challenges, Pi Network still holds a place in the market, but its future development remains uncertain.
See original
Wealth belongs to a very small number of people
Those who want to sell Pi
Let them sell it
Only by selling can more surplus Pi
Flow into the hands of those who need it more
#pi幣
Those who want to sell Pi
Let them sell it
Only by selling can more surplus Pi
Flow into the hands of those who need it more
#pi幣
See original
It's all just rumors, even dreams can be used to talk. Now only 6.2 billion has been dug out into wallets, 1.5 billion is not locked in the warehouse, and currently less than 100 million has been recharged to the exchange. Where does the 10 billion circulation come from...
The pi listing will plummet 10 times within two months! Do not go long!⚠️
The reason for this determination that it will drop 10 times after listing is that, even if pi deflates tenfold, there will still be a total of 10 billion. Based on the current price of 10 USD, the total market value is already around 700 billion. Clearly, unless the circulation is extremely low, pi cannot reach this price. However, 94% of the tokens will continuously be unlocked and sold off, combined with the fact that the chips are obtained for free and the project team is the first to dump, the price of 10 USD will collapse within a few days, and a tenfold drop will be very fast. Don't think that just because there is some heat, it’s worth investing. This so-called heat is merely gathered by older folks. As for how much real capital is flowing in, that is unknown. If you have a strong stomach, you can also try a long-term short. At that time, core was the same way, and my brothers and I made a good profit!
The reason for this determination that it will drop 10 times after listing is that, even if pi deflates tenfold, there will still be a total of 10 billion. Based on the current price of 10 USD, the total market value is already around 700 billion. Clearly, unless the circulation is extremely low, pi cannot reach this price. However, 94% of the tokens will continuously be unlocked and sold off, combined with the fact that the chips are obtained for free and the project team is the first to dump, the price of 10 USD will collapse within a few days, and a tenfold drop will be very fast. Don't think that just because there is some heat, it’s worth investing. This so-called heat is merely gathered by older folks. As for how much real capital is flowing in, that is unknown. If you have a strong stomach, you can also try a long-term short. At that time, core was the same way, and my brothers and I made a good profit!
See original
It must be done! Only by doing it can we show everyone the true nature of Pi! Is it a scam? Or is it really a great project?
Binance Announcement
--
Binance Community Vote
This is a general announcement and marketing activity, and the products and services mentioned here may not be applicable to your region.
Dear Users:
We have been listening to the community's enthusiastic discussions about the Pi Network. In response to community feedback, Binance is launching a community voting activity for all users. We invite you to participate and share your views on 'Do you want PI to be listed on Binance?'
How to Vote:
During the voting period, assets equivalent to 5 USD or more must be held in the Binance account.
Vote through this [币安广场帖文](https://www.binance.com/zh-CN/square/post/20434899280394) - 'Do you want PI to be listed on Binance?' by voting 'Yes' or 'No'.
Dear Users:
We have been listening to the community's enthusiastic discussions about the Pi Network. In response to community feedback, Binance is launching a community voting activity for all users. We invite you to participate and share your views on 'Do you want PI to be listed on Binance?'
How to Vote:
During the voting period, assets equivalent to 5 USD or more must be held in the Binance account.
Vote through this [币安广场帖文](https://www.binance.com/zh-CN/square/post/20434899280394) - 'Do you want PI to be listed on Binance?' by voting 'Yes' or 'No'.
Login to explore more contents