Coin PI see a trading of $ 1.34 billion, but the price decreases by 60 % overnight

The Mainnet launch of the PI network began trading volumes of more than $ 1.3 billion during its first few hours. The rapid decrease in the PI is 60 % from $ 2 to $ 0.69, which has canceled almost all investors’ gains.

The first investors in PI Coin benefited from the classic pump and discharge scheme by selling their symbols quickly, causing the price to collapse. The distinctive symbol decreased from $ 2 to $ 0.66 during the first day of trading.

Even from the current price of $ 0.66, the PI network connects the maximum market to $ 4.25 billion. With more than 60 million users and more than 10 million have already been deported to Mainnet, the PI has achieved the market significantly.

After the launch of Mainnet, a total of one billion of the total Pi 9.7 billion PI is available at the beginning. The remaining symbols will be locked in the user portfolios and their lock will be locked over a period of time.

OKX and Bitget currency exchange platforms are already included Coin Pi, while Binance and Coinbase are in active negotiations to support the distinctive symbol. The platforms can create liquidity and credibility that affects them through their services, which may help the PI to recover.

The collapse of the price of PI has left its long -term supporters to be deceived. The Crypto Wood Lightyear commentator expressed his disappointment at all because the first miners have invested for years in PI mining, but the new buyers got it at a low price.

The high price fluctuation of PI creates a risky investment opportunity, although some traders maintain positive expectations. Investors need to determine clear indicators of the market reflection before considering the new investment decisions.

Also read: It launches PI Mainnet, and companies connect to joining the ecosystem