Pi Network Price Recovers But Immediately Disappoints

(Dan Tri) - According to data from CoinMarketCap, the price of Pi Network increased sharply from 0.2 USD to nearly 0.3 USD on the afternoon of October 27.

This growth of nearly 50% made many investors happy, thinking that the project had developed again.

Pi Network price suddenly increased and decreased sharply in a short time (Screenshot).

However, Pi Network could not maintain its growth momentum for long as this cryptocurrency was immediately "dumped". Pi Network's price also continued to drop sharply on the evening of October 27. By the morning of October 29, this cryptocurrency was trading around $0.23.

"The fact that Pi Network "pumps and dumps" (increases and decreases) in a short period of time clearly shows the price inflation movement. This price manipulation often appears on some memecoins (joke cryptocurrencies) to create attraction for the project in a short time, thereby making a profit", Mr. Tran Ngoc, a cryptocurrency investor with many years of experience, shared.

In recent days, the cryptocurrency market has gradually recovered. The total cryptocurrency market capitalization reached nearly 3,900 billion USD, in which Bitcoin increased to 114,500 USD, Ethereum exceeded 4,100 USD.

In contrast to the general growth of the market, Pi Network still shows no signs of recovery. To date, this digital currency has lost up to 90% of its value compared to its peak of nearly 3 USD.

Pi Network co-founders also continuously appear and share at major cryptocurrency events. Many new applications are created to attract users' attention to this ecosystem. However, contrary to investors' expectations, Pi Network price continues to decline sharply.

Source: https://dantri.com.vn/cong-nghe/gia-pi-network-hoi-phuc-nhung-ngay-lap-tuc-gay-that-vong-20251028155702419.htm