- Pi Network sees price crash as OKX delists.
- Market dynamics shift amid panic selling.
- Lack of leadership response affects trader confidence.
Pi Network’s price plummeted to $0.334 as OKX confirmed plans to delist its margin trading pair, triggering panic selling and heightened speculation, with MEXC also potentially following suit.
The delisting decision has sparked investor concerns, further straining market confidence in Pi Network, amidst growing pressure from upcoming token unlocks and leadership’s radio silence.
Pi Network’s price hits an all-time low, trading at $0.334 amid panic selling. Rumors of OKX’s delisting of PI/USDT margin pairs have been confirmed, fueling market distress and widespread trader exits.
The primary figures in Pi Network, Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, have remained silent on the issue. No public statements have been released concerning the delisting or the price drop, leaving investors without guidance.
Panic selling has led to increased market volatility and lower confidence in the coin.
Traders have rushed to exit positions, resulting in a 32% spike in 24-hour trading volume, noted at $52.6 million.
Uncertainty around the delisting and lack of updates from Pi Network leadership has eroded investor trust. OKX actions are reportedly risk-focused, with no evidence of regulatory compulsions impacting this decision.
Additional exchange delisting rumors hover over MEXC, adding to market instability. The Pi Network’s community on Twitter and Telegram shares negative sentiments due to the perceived lack of leadership transparency.
Without further communication from Pi Network, confidence levels may continue to decline. Market analysts emphasize the necessity for clear leadership engagement to stabilize investor sentiment and ensure network continuity.
Dr. Chengdiao Fan, Core Founder and Head of Product at Pi Network, – “Currently, the official
channels are silent on the crisis, leaving the community in a state of uncertainty.”
