Pi Coin’s Big Reveal Backfires—Here’s Why the Market Tanked

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2025-05-15 09:30:00

Another ’revolutionary’ crypto announcement, another bloodbath. Pi Network’s much-hyped update triggered a 40% nosedive—turns out ’mainnet readiness’ was just a fancy way of saying ’please keep mining our worthless tokens.’

The culprits? Overleveraged retail bagholders dumping at the first whiff of reality, and a development team allergic to concrete timelines. Classic Web3 theater.

What’s next? Either Stanford’s finest pull a working product out of thin air, or Pi joins the graveyard of vaporware coins. But hey—at least the mining app still looks pretty on your phone.

Pro tip: When a project brags about ’14 million engaged users’ but can’t list on Binance, maybe—just maybe—it’s not the next Bitcoin. (Cue the angry Telegram mob.)

The Pi Coin shocked its cryptocurrency community this week. On 14 May, the Network had a big announcement that most of them had been hoping to be a game changer. However, rather than good news, the Read More

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