The Pi Network main network launch began with a great price mobility. Pi Coin, which was traded at $ 1.70 in the first place, quickly reached a level of 2 dollars. However, it lost more than 50 %in a short time and fell to 0.66 level. Despite a major increase in daily transaction volume, the lack of liquidity increases concerns about the project.
Market value is large, liquidity is small
Although Pi Coin’s diluted market value is calculated as 195 billion dollars (currently $ 66.2 billion), the liquidity in the market is quite low. Although the amount of token traded is high, the stock exchanges do not have funds to meet this mobility.
Especially in large stock exchanges such as OKX, 2 %market depth level is between 100 thousand and 200 thousand dollars. This shows that when high -volume transactions are performed in the market, the price can suddenly rise and fall.
Pi Network’s business model creates controversy
Pi Network allows users to mining with their phones. In order to enter the system, invitations are required and earnings are obtained with the reference system. This model is likened to pyramid systems by some.
Pi Network, which has reached 60 million users since 2019, has now started to be traded on stock exchanges. However, concerns about the long -term operation of the system and price stability continue.
Token locking and possible risks
The Pi Network offers token locking system to reduce sales pressure. Users can lock their tokens up to 3 years to increase mining awards. This method encourages investors to keep long -term.
However, some projects that followed similar strategies in the past suffered great losses. In projects like HEX, users have damaged with the collapse of prices after locking their tokens. Pi Coin has a similar risk.
Will the large stock exchanges list Pi Network?
Stock exchanges such as OKX and Bitget have listed Pi Coin. However, global giants, such as Binance and Coinbase, have no official announcement. If these stock exchanges list Pi Coin, more liquidity can be included in the market.
Large stock market lists can increase investor confidence. However, due to existing uncertainties, Pi Coin’s price movements are unpredictable for now.
Pi Network community reactions are growing
Price fluctuations led to divisions in the Pi community. For a long time, users who have been mining have been criticizing the easy purchase of tokens. The fact that new investors become advantageous causes controversy on whether the system is fair.
The future of Pi Network depends on the dissolution of the liquidity crisis and whether the large stock market support is provided. Price movements will be followed even more carefully in the coming period.
