⚠️Alarm bells ringing again! Experts warn Pi Network not to follow in the footsteps of OM's collapse
As Mantra (OM) plummeted over 90% in a single day, evaporating tens of billions in market value, expert Dr. Altcoin issued a warning to the PiCoreTeam (PCT): Pi Network must learn from this lesson and build defenses before launching the mainnet!
🔹The painful lesson of OM's collapse
OM crashed from $6.32 to $0.57, resulting in heavy losses for investors. Although the official explanation blames the liquidation mechanism, the market widely questions it as a 'premeditated dump.' Dr. Altcoin believes this serves as the most realistic warning for Pi Network.
🔹Multiple hidden concerns for Pi Network
Slow KYC/KYB audits and delayed project progress
Unclear locking and burning mechanisms for Pi coins have triggered a trust crisis
Projects like PiDaoSwap have yet to receive KYB approval on-chain, dampening market enthusiasm
🔹Declining confidence & price alerts
Although Pi coin recently rose nearly 30% to around $0.74, major miners continue to exit, and the risk of a collapse at $0.3 remains high.
"If the ecological barriers are not strengthened before the mainnet launch, Pi is likely to repeat OM's fate." — Dr. Altcoin
🔹Expert recommendations
Accelerate compliance processes and optimize KYB audit mechanisms
Increase community transparency and disclose key data
Establish mechanisms to prevent manipulation before the mainnet launch to stabilize market confidence
The future of Pi hangs in the balance; whether it will be a miraculous breakout or a disaster replay depends entirely on this choice.
Translated into plain language, if China insists on imposing a 34% retaliatory tariff on the United States, then the U.S. will raise its tariffs on China by an additional 50%, making the total tariff 104% (20% + 34% + 50%). Furthermore, all negotiations with China will be halted. If China continues to be stubborn and raises the 34% to 50% or higher, what will happen next?
This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX
Binance will trial the new delisting mechanism with a community-driven approach and we now invite users to participate and vote on the first batch of Vote to Delist projects. Users can vote on projects with the Monitoring Tag that they wish to be delisted.
How to Vote: - Each user can vote for up to 5 projects in the Vote to Delist pool, and each verified account can only allocate one vote per project. - Users must be logged in to their verified Binance accounts and hold a minimum of at least 0.01 BNB in their master accounts throughout the Voting Period for their votes to be eligible.
Vote Period: 2025-03-21 06:30 (UTC) to 2025-03-27 23:59 (UTC)
Participation is subject to eligibility based on the user's country or region of residence. More details. Disclaimer: While we value and will take into consideration the vote results, the voting result will not be the sole deciding factor to determine the final delisting decision.. Monitoring of the project is still undergoing evaluation, and the decision will be determined by Binance based on our official review processes and standards. Additionally, the delisting timeline will depend on Binance's procedures.
Now, there is no fucking open-source mainnet, only an open mainnet. Are you telling me about decentralization? Can you please understand this clearly before you start criticizing? Moreover, you say that the tokens are untraceable and holding them is untraceable; it's just that you didn't check and don't know how to check, so you come here to criticize. Please do your homework before coming back!
YUEbaby
--
Bearish
#pi币 I joined and registered PI on the eve of the bull market in 2021. I uninstalled it many times and clicked the mining button intermittently.
Just this month, I have passed KYC and joined the mapping team to queue for mapping. Do you think that's the end?
Locking up 100% for 3 years. Even if it is mapped, it must be counted from the day of mapping, and then the 3-year lock-up countdown will begin. The question is, when to map, how many years to queue?
The total amount of 100 billion, theoretically more than 6 billion in circulation, in fact, only 1 billion has been circulated. Do you know why? Because at that time on March 14, 2022, almost at least 90% of users were fooled. If you don't choose to lock up 100% for 3 years, you will not receive KYC, and you will never get the coins you mined. Only a very, very small number of people choose 100% for 3 years in order to increase mining speed and output.
For Pi coin, I can be honest, I hope it will return to zero, the reason is: it is not decentralized, but it is listed on the exchange, the coin holding address cannot be checked, and the token distribution is very vague. 1: If you don’t have a mapping, your wallet cannot be used to transfer money, so you can’t withdraw the coins you bought on the exchange to your wallet. 2: After mapping, your wallet can transfer money normally. At this time, your wallet can only be considered 50% decentralized at most. Decentralization should be treated equally by everyone, not just a small number of people
3: The project party has a very poor credit, does not have the contract spirit that is most often mentioned in the West, likes to engage in intrigue, play tricks, and expel the original black team members. On the one hand, they say they are decentralized, and the team cannot reverse the loss of coins, but on the other hand, they block your KYC, so that you can only watch but not sell. : Which of the above points has anything to do with decentralization?
4: With a volume of 100 billion, the total amount of 1 billion coins has still fallen to the level of 0.0000$. Why doesn’t Pi return to zero? What is it, just because it is not mapped? Relying on artificial manipulation to force the price of the currency to stabilize? Is it like covering one's ears and stealing the bell? Is the forced melon sweet?
5: You now see that many believers are still wishful thinking and advocating that Pi coin is the light of the future. Why? It is precisely because they have no mapping and cannot circulate, so they naturally find reasons for themselves and paint cakes to satisfy their hunger, as if they always think that they will become a millionaire in Pi coin tomorrow, but this so-called tomorrow, there are countless tomorrows!
This is a general announcement and marketing activity, and the products and services mentioned here may not be applicable to your region. Dear Users: We have been listening to the community's enthusiastic discussions about the Pi Network. In response to community feedback, Binance is launching a community voting activity for all users. We invite you to participate and share your views on 'Do you want PI to be listed on Binance?' How to Vote: During the voting period, assets equivalent to 5 USD or more must be held in the Binance account. Vote through this [币安广场帖文](https://www.binance.com/zh-CN/square/post/20434899280394) - 'Do you want PI to be listed on Binance?' by voting 'Yes' or 'No'.
We want to hear from you! We have been listening to the vibrant discussions within our community about Pi Network. To ensure your voices are heard, participate in our Community Vote on the topic:
"Should PI be launched on Binance?"
Cast your vote — either "Yes" or "No" — and share your thoughts in the comments under this post. You can only vote once and won’t be able to change your vote after submitting. Happy voting!
Vote Period: 2025-02-17 14:45 (UTC) to 2025-02-27 23:59 (UTC)
95% of the people who hold $WIF how does it rise, it falls to 0.18-0.12 all long positions are 99% liquidated and then there is no money to go long again, so it will rise. Therefore, those who short will always make big money. Analyzing wif has never been done, everyone can check my messages. Not a single time missed.
$WIF short, at least 0.1, there are not many memes with a market value of more than 1 billion now, seize the opportunity, there are too many longs, and then it keeps falling, and those who are long keep cutting, it's a disguised smash, those who can't stand it
The first one is the airdrop from yesterday, and the second one is the airdrop issued again today. Damn, half of it is missing. Why the hell should I trust Binance? I should have asked for it as soon as possible.
Binance airdropped me more than 100 U of CAT the other day, which was not enough to begin with. Now it is estimated that there will be less than 100 U in the next airdrop. I lost a lot of money because of the FLOKI airdrop. Now it is even worse. I should have withdrawn it as soon as possible. Binance is a big fraud.
$VGX has been shorted at Gate, blow me up! The final destination of the delisted coins is to return to zero, and the liquidation price of 0.07 is perfect😋