Pi Network Mainnet Launch: 3 Factors That Could Tank the Price After March Mainnet Launch
The post Pi Network Mainnet Launch: 3 Factors That Could Tank the Price After March Mainnet Launch appeared on BitcoinEthereumNews.com.
The much-awaited Pi Network mainnet launch will provide pioneers access to liquidity for their mined tokens and enable developers to build applications within the ecosystem. The launch date for Pi Coin remains undisclosed as historical trends for tap-to-earn tokens show sharp post-launch price declines, and Pi Coin could face similar challenges. Pi Network developers are all set to unleash the much-awaited mainnet, scheduled to happen in March. The mainnet launch will grant pioneers access to liquidity for the mined tokens, and it will give developers room to introduce applications within the system. The network, launched over seven years ago, has made it possible for users to mine tokens directly from their smartphones. Despite the hype, many critical details about the launch, including the date and the price of Pi Coin at the time of the launch, remain unknown. There are some market speculations that Pi Coin might launch at $3.14, which is a nod to the mathematical constant pi. However, there are emerging concerns about selling pressure that might cause a drastic price drop once the mainnet is launched, as mentioned previously in our story. Massive Pi Coin Sell-Off by Pioneers One key factor that might cause a post-launch price drop is mass token liquidation by early adopters. Many pioneers of the Pi Network have been mining tokens for years, building up holdings without any chance to trade them in open markets. The long wait has been frustrating, especially as they missed several bullish cycles in the broader crypto industry. More specifically, frustration grew as several significant processes like KYC verification dragged on in the process, as mentioned in our previous article. Initially slated for November 31, KYC verification is now pushed up to February 28. In fact, rumors are already floating that most of the users would sell the…
Filed under: News - @ February 11, 2025 8:23 pm