Pi Network’s long-awaited mainnet launch has been anything but smooth.
Its native PI token is down over 80% from its initial trading price despite years of anticipation from mobile miners who helped grow the network.
While Pi Network struggles, one analyst suggests investors should look to Solaxy instead – a Layer-2 project that’s raised over $22 million in its ICO.
Pi Network’s Launch Day Crash – What Went Wrong?
Pi Network’s transition to the Open Mainnet yesterday was a major milestone for the mobile mining project.
But the excitement didn’t last long.
Within hours of trading on exchanges like OKX and Bitget, the PI token tanked, leaving millions of its KYC-verified users wondering what’s next for their tokens.
A few factors caused the price crash.
A wave of early miners, who’d been accumulating PI since 2019, rushed to cash out, causing a massive sell-off.
At the same time, unverified rumors spread on social media, speculating the Pi Core Team – which controls
We współpracy z: https://cryptopotato.com/pi-network-tanks-after-mainnet-launch-analyst-says-solaxy-could-rally/
