Pi Network’s Dilemma: A Blockchain’s Descent 🚀💸

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TL;DR

  • Protocol upgrades, stability, and KYC features-oh, how thrilling! 🎉
  • PI is in red, token unlocks loom like a storm, and exchanges hold a treasure trove of sell pressure. 🌩️

Moving Forward as Scheduled

A most peculiar endeavor, initiated in the year 2019, persists in its endeavors to refine its mechanisms, as if the cosmos itself were a mere footnote to its grand design. 🧠

Behold, the X account Pi News reveals that the network ascends from v19 to v23, a journey through Testnet, Testnet2, and Mainnet, with Testnet now crowned in v22. A triumph, or perhaps a masquerade? 🎭

The aim, they claim, is to bolster performance and stability, yet one wonders if this is but a gilded cage for the faithful. Version 23, a custom marvel based on Stellar, promises users “more control”-a phrase as vague as it is alluring. 🤷‍♂️

KYC, that sacred rite of the modern age, is now etched into the protocol. “Maintain PI as a KYC-verified blockchain,” they declare, while the masses murmur, “When will this madness end?” 🙄

Some, weary of delays, implore, “Purge the unverified! Let us return to the golden days of $1!” A plea as old as the hills, yet no less poignant. 🌾

PI Price Outlook

Despite these lofty aspirations, the token languishes in red, a shadow of its former self. At $0.34, it is but a whisper of the $3 it once commanded. A descent as steep as a mountain’s face. 🏔️

Yet, some cling to hope, whispering of a revival. Alas, the numbers tell a different tale. Over 137 million tokens await release, a flood of supply destined to drown the market. 🌊

And lo! 440 million tokens rest on exchanges, a veritable treasure trove. Gate.io and Bitget, the guardians of this hoard, hint at a prelude to chaos. 🕵️‍♂️

What a delightful spectacle! A blockchain’s grand experiment, now teetering on the edge of oblivion. 🎭

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2025-09-16 07:14