Coinspeaker
Pi Network Under Analyst Crosshairs After Mantra Collapse
The brutal crash of Mantra (OM) has sent shockwaves across the crypto world. In the aftermath, pseudonymous crypto analyst Dr Altcoin is urging the Pi Network’s core development team, the PiCoreTeam (PCT), to take heed.
Notably, OM recently plummeted from $6.32 to $0.57, a drop of over 90, triggering a $6 billion market wipeout in just a single day. While the official announcement blames this fall on mass liquidations, suspicions are rising that the drop was an intentional dump.
In a post on X, Dr Altcoin noted the importance of building robust infrastructure and safeguards to prevent Pi Coin from facing a similar collapse.
The $OM incident is a wake-up call for the entire crypto industry—proof that stricter regulations are urgently needed. It also serves as a HUGE lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet. @PiCoreTeam @nkokkalis @Chengdiao pic.twitter.co
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