Pi Network (PI), which was recently listed on the cryptocurrency exchange Huobi and followed closely by investors, experienced a great rise in a short time. However, the sharing from the official account of the project caused confusion.
Huobi on December 29 In a statement on his official website, he recently followed closely. Pi Networkreported that it listed PI, the native token of . listing price $0.01 PI, on the Huobi exchange, in one day for $345 experienced a rise. But from the Pi Network Twitter account, official statement, caused confusion among investors.
Huobi The team made a statement shortly after the listing of PI. not yet on testnet that and no tokens are circulated stated. The team alsowe did not give listing permission to any exchange” he stated:
The Pi is on a closed network where no external connections are allowed. Pi Network is not affiliated with exchange listings and has not allowed any exchange listings. Such listings may not work on real Pi. Participation through exchanges may result in loss. Trust only official Pi channels!
As the project managers stated, no “realThe Pi token was not put into circulation, which raises questionable questions. Huobi announced that the token, which made a huge rise in one day, which liquidity It is not clear whether these transactions were financed with For years Mining via mobile apps It is known that users who make the transaction are not able to make deposits and withdrawals because the project is still in the test network.
On the other hand, Pi Network’s latest release in the prospectus when the project moves into the third phase technically listed by exchanges is located. It is stated that this decision belongs to the stock exchanges and will not be the choice of the project. until the transition to the mainnet is achieved. it is underlined that no PI will be put into circulation.
At the time of writing the news extremely volatile PI, which shows movement, costs $345 in minutes, according to data provided by Huobi. for $180 experienced a decline. By warning of the listing on CoinMarketCap, “There have been reports questioning the legitimacy of the Pi Network. Note that the Mainnet has not been launched yet and the price shown below for certain exchanges may not reflect reality” expressions were used. PI price after the last data update on CoinMarket for $40 decrease was observed.