Bybit CEO Ben Zhou made statements about the reliability of the Pi Network project. Zhou claimed that the project may have fraud dimensions, while the PI TOKE does not have listing plans. The fact that the token suffered a serious depreciation during the day led to anxiety among investors.
Pi Coin Description
In the statements of Bybit CEO, previous warnings are also mentioned. Doubts about the project are supported by official warnings and some reports. Authorized statements led to an increase in criticism against Pi Network.
Bybit CEO Ben Zhou: “Today I was asked for a pi listing offer, I said, ‘Stop nonsense’. During the Forex Trade period, I often encountered those who wanted their money back. I don’t want to deal with similar situations in the crypto field. “
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Although Pi Network initially attracted attention, the value of the PI token has decreased by 55 percent in the last hours. This leads to concerns about the long -term success of the project among investors, while increasing transaction volume leads to interpretation of hope for some analysts. Market data shows sharp ups and downs in the token price.
Listing Expectation
In line with the official statements of Bybit, the platform did not plan to list the PI token. The allegations of listing on social media are seen to consist of speculation that are not supported by official statements. The warnings made by the Chinese authorities earlier have increased the doubts about the legitimacy of the project.
According to market data, the current price of the PI token is in a significant decrease trend. Some analyst views suggest that support from potential large stock exchanges may positively affect the price performance. However, it is taken into consideration that this situation may be united with uncertainties that may occur as a result of leveraged movements. Since the FDV over $ 100 billion is not sustainable, the details of the token economy are not shared and there is a possible risk of shock sales, it is in the benefit of the investors to be cautious. On the other hand, the excessive expulsion of the expectation of widespread decline has the potential to victimize investors with speculative movements.
Market developments and official statements show that discussions on Pi Network are ongoing. One of the important points for investors is the tendency of digital assets to fluctuate. Therefore, it may be useful to closely monitor the market and pay attention to official explanations.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
