市場突然崩盤，Pi 幣價格暴跌 98%

近期Pi Network幣價暴跌超98%，引發用戶擔憂。原因尚不清楚，猜測可能是市場操縱或測試網平台內部問題。儘管價格下跌，Pi Network 的行銷活動仍然活躍，凸顯了圍繞代幣價值的持續爭論以及缺乏明確的開放主網啟動日期。

Pi Coin Price Plunges 98% in Sudden Downturn

Pi幣價格突然暴跌98%

NOIDA, India (CoinChapter.com) – The Pi Network community has been thrown into disarray following a precipitous drop in the price of its native token, PI Coin. In a matter of days, the value of PI Coin has plummeted by over 98%, from a high of nearly $40 in early April to a mere $0.6 on April 4th.

印度諾伊達 (CoinChapter.com) – 由於其原生代幣 PI Coin 的價格急劇下跌，Pi Network 社群陷入了混亂。短短幾天內，PI Coin 的價值暴跌超過 98%，從 4 月初近 40 美元的高點跌至 4 月 4 日的僅 0.6 美元。

The downturn did not subside there, with PI Coin's price reaching a low of $0.18 on April 5th before stabilizing around $0.2. A brief uptrend briefly pushed the token's value to $0.34 on April 8th, but the relief was short-lived.

低迷並沒有消退，PI Coin 的價格在 4 月 5 日觸及 0.18 美元的低點，然後穩定在 0.2 美元左右。 4 月 8 日，短暫的上漲趨勢將代幣的價格短暫推升至 0.34 美元，但這種緩解是短暫的。

Curiously, the dramatic price drop appears limited to a few exchanges and CoinMarketCap. This has led to speculation that the plunge may be an anomaly or even a malicious act.

奇怪的是，價格的大幅下跌似乎僅限於少數交易所和 CoinMarketCap。這引發了人們的猜測，即暴跌可能是一種異常現象，甚至是一種惡意行為。

Factors Contributing to the Price Collapse

導致價格暴跌的因素

Such extreme price declines in cryptocurrencies are typically indicative of malicious activity or manipulating market forces. In the case of PI Coin, the sudden drop has raised suspicions of a potential rug pull, a scenario in which developers abruptly abandon a project, leaving investors with worthless tokens.

加密貨幣的這種極端價格下跌通常表示存在惡意活動或操縱市場力量。就 PI Coin 而言，價格的突然下跌引發了人們對潛在拉動的懷疑，即開發人員突然放棄一個項目，讓投資者獲得一文不值的代幣。

The Pi Network is currently in a testnet phase, despite repeated promises of an open mainnet launch. This has led many users to question the legitimacy of the platform, despite aggressive marketing efforts by the Pi Network team.

儘管一再承諾開放主網啟動，Pi 網路目前仍處於測試網階段。儘管 Pi Network 團隊積極進行行銷工作，但這仍導致許多用戶質疑該平台的合法性。

Supporters of PI Coin argue that the tokens traded on exchanges are not genuine PI tokens and should not be trusted. While this argument holds some validity, it does not explain why many users continue to buy and sell these tokens.

PI 幣的支持者認為，在交易所交易的代幣不是真正的 PI 代幣，不應被信任。雖然這個論點有一定的道理，但它並不能解釋為什麼許多用戶繼續買賣這些代幣。

Role of Exchanges and CoinMarketCap

交易所和 CoinMarketCap 的作用

A further complication is that the PI Coins traded on exchanges like HTX and BitMart are IOUs, meaning that traders are essentially exchanging promissory notes rather than the actual token itself. This suggests that the entire PI Coin market is currently based on speculation.

更複雜的是，在 HTX 和 BitMart 等交易所交易的 PI 幣是藉據，這意味著交易者本質上是在交換期票而不是實際的代幣本身。這表明整個 PI 幣市場目前都基於投機。

It is possible that the crash in PI Coin's price was triggered by CoinMarketCap's listing of a project with a ticker similar to Pi Network. However, it is unusual for a charting website of CoinMarketCap's stature to fail to correct such an error for an extended period.

PI Coin 價格暴跌可能是由 CoinMarketCap 上市一個與 Pi Network 類似的項目引發的。然而，像 CoinMarketCap 這樣的圖表網站在很長一段時間內未能糾正此類錯誤是很不尋常的。

Hopium Remains High

鴉片含量居高不下

Despite the unresolved price concerns, the Pi Network shilling campaign continues unabated. There has been no official communication from the Pi Network team, but the official Pi Network X account is actively promoting the results of its recent hackathon.

儘管價格問題尚未解決，但 Pi Network 先令活動仍有增無減。 Pi Network 團隊尚未有任何官方溝通，但 Pi Network X 官方帳號正在積極宣傳其近期黑客馬拉鬆的成果。

Another handle linked to the Pi Network, known as 'PiBridge,' claims that PI Coin prices on its platform have remained stable around $0.4. The PiBridge team contends that the tokens on its platform are not IOUs but "native PI," allowing users to deposit and withdraw PI to and from their mainnet wallets.

另一個與 Pi 網路相關的用戶名為“PiBridge”，聲稱其平台上的 PI 幣價格一直穩定在 0.4 美元左右。 PiBridge 團隊聲稱，其平台上的代幣不是 IOU，而是“原生 PI”，允許用戶將 PI 存入主網錢包或從其主網錢包中提取。

If accurate, this suggests that the PiBridge team values PI Coin at approximately $0.4. Other Pi Network-related accounts continue to promote the token and speculate that it could reach dizzying heights of $314,159 after the mainnet launch.

如果準確的話，這表明 PiBridge 團隊對 PI 幣的估值約為 0.4 美元。其他 Pi Network 相關帳號繼續推廣該代幣，並推測在主網啟動後，該代幣可能會達到 314,159 美元的驚人高度。

Cautious Interpretation

謹慎解讀

While the Pi Network team and its supporters maintain a bullish stance, it is essential to approach the situation with caution. The lack of an open mainnet launch, the proliferation of IOUs, and the sudden price collapse raise significant concerns about the project's legitimacy.

雖然 Pi Network 團隊及其支持者保持看漲立場，但必須謹慎對待這種情況。缺乏開放的主網啟動、借據激增以及價格突然暴跌引發了人們對該項目合法性的嚴重擔憂。

Investors should be aware of the risks associated with investing in PI Coin and carefully consider the potential for further losses. It is advisable for individuals to conduct thorough research and due diligence before making any investment decisions.

投資者應意識到投資 PI 幣的相關風險，並仔細考慮進一步損失的可能性。建議個人在做出任何投資決定之前進行徹底的研究和盡職調查。