The anticipation surrounding the Pi Network’s mainnet launch is palpable. Today millions of users, who have diligently “mined” Pi Coin through their smartphones, will finally get their hands on the actual coins.
The excitement for the launch on Feb 20, 2025, UTC 8:00 am is immensely high. But there is one question that creates doubt for the future of the Pi ecosystem. Will Pi coin crash after the mainnet launch? This question is something no pioneer wants to hear, but you should not ignore it at all costs.
It has happened with other crypto projects in the past as well, despite all the hype associated with them. So let’s look at the 3 key reasons that could start such a dreadful scenario for Pioners..
1. Early miners profit taking
Pi Coin’s oldest friend can turn its latest foe. Early adopters have patiently spent a lot of time to amass a lot of PI coins. These miners have waited for over 5 years, and this will be their very first chance to get an exit.
The first ones to start a Pi coin sell-off could be the early Pi coin miners. For them, selling a portion of their tokens could be a strategic move to lock in profits, especially if they believe the initial market price will rise due to hype and speculation.
2. Sad history of Airdrops
History has shown us that every cryptocurrency project launched via an airdrop begins to crash. When tokens or coins are given for free, most of the users rush to sell them as soon as trading begins.
Why will Pi coin be any different? Once the crypto exchanges opens trading, many users will attempt to sell the coin to get a quick payout.
3. Lack of Real-World Utility
Let’s face it, the Pi network lacks real-world utility. Beyond the P2P transactions, no other use case has been properly explored. Yes, there are dapps being built on the apps, but only the number is low, and most users are unaware of them.
If the Pi Network ecosystem doesn’t develop a robust network of decentralized applications (dApps) and partnerships that drive demand for the Pi coin, a crash is inevitable in the near future.
While every project has its pros and cons, its real value can be measured only after it goes live in the market. Only that can give the answer that the project failed or prevailed. Do your due diligence in crypto before investing or interacting.
Also Read: 24 hours to go before Pi launch: Guess Value of 1 $Pi
