Pi Network Mainnet Launch Underwhelms with Low Trading Volumes
Pi Network's Mainnet launch has not met investor expectations due to low trading activity and disappointing volumes. Key points include:
- Trading volume peaked at around 1,000 PI, with most trades being a few hundred.
- A lack of large capital inflows has resulted in weak market activity.
- Investor Kim Wong noted that sellers currently outnumber buyers.
- Despite initial setbacks, Wong suggested potential price increases as supply diminishes.
- Mixed reactions from the Pi community regarding token distribution fairness have emerged.
- Concerns about the listing price have led to dissatisfaction among early adopters.
- Current market sentiment remains negative, with Pi Coin's price continuing to decline.
Wong emphasized that the Mainnet launch is a foundational step for future growth, while some community members remain critical of the project's structure and distribution practices.