$PI Pl on PI Da plummeted 28-30% on the day, attributed to the "buy the rumor, sell the news" effect. Following a prior 30% rally, the token faced selling pressure immediately upon listing on the new exchange, indicating that actual demand fell short of expectations.

PI-10.49%

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LakeBaikalIsMyHome

· 3h ago

Positive news such as exchange listings and node upgrades have only fleeting effects. The fundamental issue with Pi Network is the lack of real applications and decentralized control. Institutional capital won't flow in meaningfully—at most, they'll test the waters.

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