Why Pi Network is the Cryptocurrency Equivalent of a Wet Blanket! 😂📉

TL;DR

So, PI’s price is soaring—if you consider a staggering 2.2% a day “soaring.” It’s like watching paint dry, but hey, who doesn’t love the smell of low liquidity, right? 😅
Brace yourselves, folks: over 215 million PI tokens are ready to pop out like unwanted party guests, while exchange holdings have moonwalked up to 381.4 million. Get ready for potential selling chaos! 🎉

PI Lags Behind

While the entire crypto world is waltzing to the rhythm of a market fireball, Bitcoin’s like, “Suck it, losers!” hitting a brand-spanking new high of over $118,000. Meanwhile, altcoins are living their best lives: Ethereum‘s strutting about with an 8% rise, Ripple’s bouncing up 9%, and Cardano’s just showing off with a 16% jump. 🎈

And then there’s Pi Network (PI). It’s danced its way to a tremendous 2.2% gain in the last day, which brings its wild night out to just below $0.50—cheers to that! 🍹 Its market cap was like, “Look at me, I’m $4 billion!” before it reality-checked itself down to $3.8 billion, solidly placing it at the 38th spot—because who doesn’t love being the runner-up at a race no one cares about?

One brave soul on X believes that this controversial token might catch the Bitcoin fever. But hold your horses! They mentioned that PI’s “missing decentralization, communication from the CT, and liquidity”—a.k.a., the trifecta of disaster—will probably keep it shackled to mediocrity. 🥳

“It won’t rise any significantly as it does not have enough liquidity and no decentralization. No one wants to put capital into an ecosystem where a couple controls everything,” said the X user, dropping truth bombs left and right. 💣

So, while PI feels super pumped with its tiny price bump, it’s actually slumped 70% over the past two months. Join the pity party, folks! Zoe on X has daringly declared that the “main problem” is the sad reality of its massive supply and continual token release. More than 215 million coins are waiting to unlock with the grace of your least favorite family member at a gathering—yikes! 😬

In a spectacular example of poor planning, around 13.3 million PI tokens are set to release on July 11. Because what better way to say “Men, gather ye, and sell!” than to drop a flood of tokens into an already sinking ship? Hold onto your hats! 🥳

Zoe thinks PI’s price might just “bleed slowly” as long as the team behind it isn’t smart enough to introduce a burning mechanism. Because who doesn’t enjoy a slow, painful demise? 🍂

Another Bearish Factor

The growing stash of PI coins on centralized crypto exchanges is like a giant neon sign blinking “SELL ME” and indicating a lovely rise in selling pressure. Get ready for the impending doom! ⏳

As of July 10, there were a dazzling 376 million coins on these platforms, but in the last 24 hours, they’ve magically increased by roughly four million—because why not? Making it a grand total of 381.4 million coins calling these exchanges home. 🏡

Gate.io’s hoarding the crown with 178.5 million coins, while Bitget, the runner-up, is like, “Hey, look at me with my 133.7 million!” It’s like a high-stakes game of hoarding! 🎮

2025-07-11 16:12

PI Lags Behind

Another Bearish Factor

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