IS PI COIN THE NEXT CRYPTO GOLD MINE OR ANOTHER SCAM?

Pi Coin recently hit a $12 billion market cap, but with vanishing tokens, migration failures, and Binance listing rumors swirling, is this the beginning of something big — or the start of a slow collapse?

the ambitious smartphone mining project that claims to have gathered an impressive 60 million users, has accomplished something many once thought improbable—a full-scale mainnet launch and the debut of a tradable token.

When Pi Coin PI4.02%Pi Network officially made its way to exchanges on Feb. 20, the market response was nothing short of a roller coaster. Initially priced around $1.45, the token skyrocketed by more than 35% in less than an hour, reaching a peak of $2.10. 

However, just as quickly as it rose, the excitement began to fade, and within hours, the price plummeted to $1.01, cutting its market capitalization down to $7.02 billion.

Fast forward a few weeks, and Pi Coin has begun to show signs of stability, although not without its fair share of wild fluctuations. As of Mar. 12, the price sits at $1.71, representing a roughly 45% drop from its all-time high of $2.99 on Feb. 26. 

Despite this, the token’s market cap has grown significantly, now standing at $12.26 billion. This surge has propelled Pi Coin to become the 11th largest crypto by market cap—an impressive feat for a project that only recently became tradable.

But that’s not the only surprise. Over the past 24 hours, Pi Coin has defied the broader bearish market, posting a 20% gain—the highest among the top 100 cryptocurrencies. With trading volume exceeding $500 million, it has also become the most trending coin.

Pi Network’s rapid rise has drawn comparisons to past viral sensations like SafeMoon, which gained traction through aggressive marketing and referral-driven hype. But is Pi’s momentum sustainable, or is it just another fleeting craze scam soon to collapse?

Join the conversation , drop your comments in the comment section let us now your thoughts on what you think about this crypto coin and the potential it holds for the future.