Pi IU Coin of Pi Community, which has recently remained a topic of discussion in the market and its price saw a big fall of 30% in 24 hours. This decline came after this statement by Bybit’s CEO Ben Zhou, in which he has decided not to list Pi Coin on his exchange. This decision increased confusion among investors and their confidence is also decreasing due to which the Pi Coin Value has declined rapidly.
Bybit CEO’s statement about Pi Coin
The statement of CEO Ben Zhou of bybit about Pi Community was not only shocking for investors, but it enhances the dout towards Pi Coin’s future. Ben Zhou questioned the design and rules of the PI, which has increased concerns about the project’s reliability. His statement saw a rapid decline in Pi IU Coin Value. Although, Pi Community Mainnet 20 February will live liveAfter which users will be able to trade Pi Token for free. There was earlier positive possibilities regarding this launch, but the decision of Bybit has led to a negative impact on the market. Now it is to know that the Pi Community will be able to prove itself by proving itself with its mennet launch, or can see a decline.
Pi Community Future, Investors’ increasing concern and possibilities
The launch of the Reveled Community to be held on February 20 for Pi Community can prove to be an important milestone. After this date, the trading of Pi Coin will start at many major exchanges, including OKX and Bitget. Okx has already confirmed Pi Token’s spot trading and said, Okx Pi will list the coin for spot trading. At the same time, Bitget has also announced to listen to Pi Token on the same day when Reveled Community will be launched. Such reports had raised expectations about PI future and saw an increase of 80% in its price.
However, it has now become a matter of concern for investors whether the initial holders of PI will be ready to sell their tokens on a large scale, which may lead to further decline in the price. Bybit’s CEO’s statement and increasing uncertainty in the market have forced investors to think, which can have a profound effect on Pi Coin Value and Market Dynamics in the coming days. However, by the time the news was written, the price of Pi Coin was $ 61.86, which has fallen by 30.97% in 24 hours and with it Pi Coin Marketplace Cap is 0 on coinmarketcapNow it is to know what changes can happen after 20 February.
Conclusion
The future of PI Community has now become a matter of confusion for investors. While the statement of Bybit’s CEO Ben Zhou has raised questions about the design and rules of the project, the launch of Pi Reveled Community and the possibility of listing it by major exchanges has also given some positive hints. However, the possibility of initial holders selling tokens and increasing uncertainty in the market has alerted investors.
In the coming days, there may also be further ups and downs in Pi IU Coin Value. At this time it is difficult to say what will be the future for PI communication, but it is important for investors that they take their investment decisions base for market status and project development.
