Pi Network token plunges by 65% post mainnet launch. CEO labels project a scam. Exchange refuses to list the token. Users disappointed.
Following the launch of its main network and listing on Bitget, OKX, and MEXC exchanges, Pi Network token faced a sharp 65% decline, dropping from $1.84 to $0.64. Ben Zhou, CEO of Bybit exchange, described the project as a scam based on a warning from Chinese police and emphasized that his exchange will not list this digital currency. He also raised doubts about the legitimacy of the entire Pi Network project. This price drop occurred while users had been eagerly awaiting the launch of the digital currency’s main network.
