Gate News Bot Report, February 11 — According to CoinMarketCap data, at the time of publication, PI (Pi Coin) is trading at $0.13, down 4.02% over the past 24 hours. The highest price reached $0.16, and the lowest dropped back to $0.13. The 24-hour trading volume is $11.4 million. The current market capitalization is approximately $1.202 billion, a decrease of about $50.4 million from yesterday.
Pi is the first digital currency that can be mined on a mobile phone, utilizing groundbreaking technology to enable mining without draining battery life. Pi features decentralization, providing a secure, tamper-proof, and interoperable digital currency; it also adopts a mobile-first design that is user- and environmentally friendly, requiring no large-scale electricity consumption. Users can start mining for free by downloading the mobile app, needing only an invitation from existing trusted members in the network to join.
Recent Important News About PI:
1️⃣ Price Hits New Low, Market Sentiment Deteriorates
PI recently dropped to a historic low, with trading volume significantly shrinking and market participation severely declining. Continuous new lows in price have shaken investor confidence and prompted a reassessment of the project’s prospects. The current price level of $0.13 reflects ongoing market undervaluation.
2️⃣ Trust in the Project Suffers a Major Blow
Community doubts about the core team of the project are increasing, with users expressing dissatisfaction that the project has not achieved expected progress after seven years. The project’s communication strategy is seriously misaligned with community expectations, exacerbating potential trust issues. Investor concerns about the project’s future are deepening.
3️⃣ Operational Model’s Compliance Under Scrutiny
There are severe criticisms of Pi Network’s business model in the market, with some analysts suggesting the project exhibits pyramid scheme-like characteristics. Such doubts have negatively impacted the project’s fundamentals, raising risk concerns among investors and potentially putting pressure on its sustainable development.
This message is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network forcibly enables 2FA to protect wallet security; migrating to the mainnet is no longer high-risk.
Pi Network rolls out a security update, requiring Pioneers to enable two-factor authentication (2FA) to protect users’ account and wallet security and prevent loss of funds during the mainnet migration. This move addresses ongoing scam threats and ensures that sensitive actions are approved only by the account owner. At the same time, node operators have upgraded to protocol 21.2 to improve system performance. Users must complete the mainnet migration step by step to safeguard their assets.
GateNews3h ago
Pi Network Mandates 2FA for Wallet and Mainnet Migration
Pi Network has introduced a key security update for its users, known as Pioneers. The network now requires two-factor authentication (2FA) to complete both first and second mainnet migrations.
This step is part of the Mainnet Checklist. It focuses on protecting user accounts before real Pi tokens m
Coinfomania4h ago
Pi Network (PI) News Today: March 25th
The controversial crypto project remains among the most-talked-about topics in the entire digital asset space, and one upcoming development may increase its popularity even more.
PI pumped hard in mid-March, but the momentum faded fast. Meanwhile, current market signals suggest that a further
CryptoPotato16h ago
Pi Network (PI) Could Soar by 130% but Under This Key Condition: Details
While the native cryptocurrency of Pi Network posted an impressive revival in mid-March, it lost momentum and has been underperforming over the past several days.
According to one analyst, though, its price may soon pump by triple digits, assuming it surpasses an important resistance level.
Time t
CryptoPotato19h ago
Pi Network’s First Big Post–Pi Day Announcement Leaves Pioneers Unimpressed
It has been two weeks since the conclusion of the much-anticipated Pi Day (March 14), in which the Core Team behind Pi Network announced some major updates and progress on key infrastructure developments.
One of those garnered the community’s attention, as many of them have been waiting for a
CryptoPotato19h ago
