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Pi Coin Struggles Amid Market Rally as Questions Over Project Legitimacy Persist
Pi Coin Struggles Amid Market Rally as Questions Over Project Legitimacy Persist
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin's price continues to decline against the broader cryptocurrency market uptrend, fueling debates about the project's credibility. The asset has plummeted 22% monthly and 8% weekly, now trading below $0.44 despite a 14% surge in trading volume to $99.68 million.
Analyst Dr. Altcoin maintains a defensive stance, highlighting Pi Network's compliance framework as a redeeming quality. However, community frustration mounts over opaque token unlock schedules and inconsistent communication from the Core Team.
The coin's dramatic fall from its $2.98 peak to current levels has reignited longstanding scam allegations. These concerns persist despite February's mainnet launch initially generating measurable traction for the project.
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