So, Pi Network’s native token, PI, decided to take a dramatic plunge—over 65%—right after its big, shiny mainnet launch. Talk about a plot twist! 🎢
On Feb. 20, Pi Network proudly announced that its “Open Network” had officially launched. They claimed this would let users waltz into centralized exchanges and other businesses like they own the place. Spoiler alert: they don’t. 😏
And guess what? The PI token was listed on some crypto trading platforms. Bitget, OKX, and MEXC opened trading for the asset on the same day. Because why not throw a party when the cake is already falling? 🎉
With users finally allowed to trade their tokens, the price of PI plummeted faster than my motivation on a Monday morning—from a high of $1.84 to a mere $0.64. Ouch! 💸
CEO Ben Zhou Says Bybit Will Not List PI
While some exchanges were busy listing the PI token, Bybit decided to play hard to get. Bybit CEO Ben Zhou took to X to accuse the project of being a scam. Yikes! 😬
Zhou even cited a warning from the Chinese police. Apparently, in 2023, they told users to steer clear of this project, labeling it a “scam” that preys on the elderly. Because nothing says “trustworthy” like a police warning, right? 🚨
He challenged the Pi Network team to address these pesky reports questioning their legitimacy. He also made it clear that Bybit didn’t even ask to list the PI token. He wrote:
“Bybit had made no listing request to $PI and the claim that $PI refused Bybit listing or Bybit did not pass some sort of KYB of $PI is completely nonsense.”
So, there you have it! The Bybit executive made it crystal clear: no plans to list the Pi Network token. 🥳
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Pi Network allows users to mine cryptocurrency directly from their mobile phones. Yes, you heard that right! No energy-guzzling hardware required. Just your trusty phone and a dream! 📱✨
The project claims to have over 60 million users. But blockchain explorers are like, “Hold up, we only see 9.1 million.” Awkward! 😳
While they also claim to be decentralized, the network is still under the watchful eye of its core team, with no signs of independent validators crashing the party. So much for decentralization! 🙈
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2025-02-21 12:49