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Pi Network Token Volatility Sparks Concerns Amid Price Drop and New Job Openings
Pi Network Token Volatility Sparks Concerns Amid Price Drop and New Job Openings
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s token has shown significant volatility, with its price plummeting to around $0.75 after a brief surge to $1.6796 on May 8. This marks a steep decline from its late-February all-time high (ATH) of $2.98. Market analysts have flagged suspicious wallet movements and potential pump-and-dump schemes as key factors behind the downturn.
Despite these challenges, the Pi Core Team unveiled a $100 million ecosystem fund on May 14 to support network growth. The announcement coincided with new job postings, leaving the community divided over the project’s strategic focus during ongoing market instability.
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