Main meals:-
- Creators in the project that has been discussed greatly released an interesting idea last week about an upcoming advertisement, which may be suspected of being a PI list on Binance.
- This was not the case. On the other hand, creators announced a campaign worth $ 100 million to support new companies, but the original code price decreased rapidly after the recent excitement and rapid increase.
The large advertisement unveiled
On May 8, the official channel X, which exceeds the project, which is more than 4.3 million followers, said that the large news of the entire ecosystems will happen on May 14. Although there are no additional details, people in society began guessing what might be. One of the popular guesswork was the Binance menu because some members said that Binance had tested PI deposits and pulled it behind the scenes.
But the world’s largest encryption exchange will have to wait. Yesterday’s announcement was not about trading platforms. Instead, the team said they start Pi Network Ventures, a $ 100 million project in PI and USD to invest in startups and companies that help make PI more useful and use by real people.
The comments under the post were mixed, as always. Some have said it was a “big deal” for the entire PI community, while others said it was just another announcement of the plans, not about what they had already done or did.
Pi dumps
The marketing after the first publication of last week has created great returns for the original symbol of the project. Almost three times more than three times in less than a week, from $ 0.6 to more than $ 1.7. However, this strong increase in propaganda suddenly stopped and began to decrease less than $ 0.9 so far.
This seems like a typical position “buy rumors and sell news”, as the price rises before the official news, but it decreases after that. The PI has decreased by 28 % in the past 24 hours and lost 50 % of its value since its last height a few days ago.
Also read:- The market chants, where the ether strikes $ 2.7 thousand, and DOGECOIN missiles 9 %
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