Washington Millionaire Liquidates $1.7M Mining Crypto PI Network & Pepe Coin to Join Coldware 1.3B Financial Inclusion Mission
The post Washington Millionaire Liquidates $1.7M Mining Crypto PI Network & Pepe Coin to Join Coldware 1.3B Financial Inclusion Mission appeared on BitcoinEthereumNews.com.
In the ever-evolving world of cryptocurrency, the winds of change often sweep through investors and markets alike. One of the latest developments that has caught the attention of both crypto enthusiasts and institutional investors is the bold move made by a prominent Washington millionaire who liquidated his holdings in Pi Network (PI) and Pepe Coin (PEPE) to shift focus toward Coldware (COLD). This move has stirred up quite a buzz, especially given the ongoing debate about the future of meme coins like Pepe Coin and the struggles of Pi Network to maintain its momentum after a disastrous drop in value. Pi Network’s Struggles: A Cautionary Tale for Investors Pi Network (PI) made waves early on with its promise of mobile mining and a user-friendly entry point into the world of cryptocurrency. The project gained millions of users and sparked excitement across the globe. However, as the network began unlocking tokens, the promises began to falter. Pi Coin experienced a dramatic price crash, plunging by over 78% within a matter of weeks, wiping out billions in market cap. This decline was exacerbated by operational issues such as KYC (Know Your Customer) delays and technical glitches during the migration process to the mainnet. Despite the massive sell-off and a shaky future, Pi Network continues to cling to the hope that its massive user base will eventually result in utility and recognition. However, as the price drops, early investors are becoming increasingly disillusioned with the project, especially as more tokens continue to flood the market, diluting the coin’s value. Pepe Coin’s Decline: The Meme Coin Bubble Bursts Similarly, Pepe Coin, one of the most popular meme coins in the market, has started to experience a cooling-off period. While Pepe Coin surged to astronomical heights during the height of meme mania, the coin has struggled…
Filed under: News - @ April 5, 2025 6:27 am