PI硬幣上令人jaw目結舌的80％反彈在第1天災難後

H交易現在生活在重大交流和市場情緒轉移上，每個人的想法是：Pi Coin可以維持這種集會，還是只是短暫的反彈？

After crashing more than 60% on its debut day, Pi Coin has pulled off a jaw-dropping recovery, surging 80% to hit $1.29 as of Sunday evening. For the millions of Pi Network users who’ve spent years mining this coin on their phones, the rollercoaster ride of the past week has been equal parts thrilling and nerve-wracking. With trading now live on major exchanges and market sentiment shifting, the question on everyone’s mind is: Can Pi Coin sustain this rally, or is it just a fleeting bounce? Here’s the full scoop on this wild week in crypto—and what might lie ahead.

在首次亮相的那天撞車超過60％之後，Pi Coin取得了令人jaw目結舌的恢復，截至週日晚上，80％的人達到了1.29美元。對於數百萬花了多年在手機上開採硬幣的PI網絡用戶來說，過去一周的過山車騎行是令人興奮和令人不安的。隨著交易現已生活在重大交流和市場情緒變化上，每個人的想法是：Pi Coin可以維持這種集會，還是只是短暫的反彈？這是在加密貨幣的這個狂野週上的完整勺子，還有可能的是什麼。

A Rocky Start: The Day 1 Disaster

艱難的開始：第1天災難

Pi Coin’s long-awaited mainnet launch on February 20 was supposed to be a triumphant moment. After years of hype and a user base exceeding 110 million, the cryptocurrency finally hit the open market, listing on exchanges like OKX, Bitget, and HTX. Expectations were sky-high—some enthusiasts even predicted prices as lofty as $100 or more. Instead, the debut turned into a bloodbath. Within hours of trading, Pi Coin peaked at $1.97 before plummeting to a low of $0.737—a staggering 60% drop that left early investors reeling.

Pi Coin在2月20日期待已久的Mainnet發射本應該是勝利的時刻。經過多年的炒作和超過1.1億的用戶群，加密貨幣終於在OKX，BITGET和HTX等交易所中列出了公開市場。期望是高高的 - 有些發燒友甚至預測價格為100美元或以上。相反，首次亮相變成了血腥。在交易後的幾個小時內，Pi Coin在1.97美元的峰值上達到了高峰，然後下降到0.737美元的低點，這是驚人的60％下降，使早期的投資者轉移。

The crash wasn’t entirely unexpected. New token launches often see wild swings as early adopters cash out, and Pi Coin was no exception. Analysts point to a flood of selling from “pioneers”—the network’s loyal miners who’d stockpiled coins since 2019. With a total supply rumored to be as high as 100 billion (though only about 9.7 billion are currently circulating), the market struggled to absorb the sudden sell-off. “It was a classic case of overhype meeting reality,” says Vikram Patel, a crypto analyst based in Mumbai. “The initial dump was brutal, but it set the stage for what came next.”

墜機並不是完全出乎意料的。新的代幣發射通常會隨著早期採用者的兌現而看到野外揮桿，而Pi Coin也不例外。分析師指出，自2019年以來一直在儲存硬幣的網絡忠實礦工的銷售氾濫。傳聞中總供應量高達1000億高達1000億（儘管目前只有97億次散發），市場掙扎，市場掙扎吸收突然拋售。孟買的加密分析師維克拉姆·帕特爾（Vikram Patel）說：“這是誇大現實的經典案例。” “最初的垃圾場是殘酷的，但它為接下來的事情奠定了基礎。”

The 80% Rebound: A Phoenix Rises

80％的反彈：鳳凰城升起

Fast forward to February 23, and Pi Coin is staging a comeback that’s turning heads. After bottoming out at $0.737 on Friday, the token began clawing its way back, fueled by a surge in buying interest. By Sunday evening, it had climbed 80% to $1.29, with trading volume hitting $1.15 billion in the past 24 hours, according to CoinMarketCap. On some exchanges, like OKX, it even touched $1.50 briefly before settling slightly lower.

快進到2月23日，Pi Coin正在捲土重來，轉向了頭。在周五降至0.737美元的價格下降之後，該代幣開始倒退，這是由於購買興趣的激增。根據CoinMarketCap的數據，到週日晚上，它已經攀升了80％至1.29美元，過去24小時的交易量達到11.5億美元。在某些交流（例如OKX）上，它甚至短暫地觸及了1.50美元，然後再降低。

What’s driving this rebound? For one, the selling pressure from early miners appears to be easing. “The pioneers who wanted out have mostly sold,” explains Patel. “Now, we’re seeing fresh buyers step in—people who see this as a dip worth buying.” Posts on X echo this sentiment, with traders noting that Pi’s ability to recover so sharply after a 60% rout is a sign of underlying strength. One user remarked, “Many projects fail to even pump 5% after an initial dump, but $PI is holding its own.”

是什麼推動了反彈？首先，早期礦工的銷售壓力似乎正在緩解。帕特爾解釋說：“想要出去的先驅者大部分都是出售的。” “現在，我們看到新鮮的買家介入了 - 人們認為這是值得購買的蘸醬。” X上的帖子回應了這一觀點，交易者指出，PI在60％的潰敗之後能夠急劇恢復的能力是潛在力量的標誌。一位用戶說：“許多項目在初次轉儲後甚至無法抽出5％，但$ pi持有自己的。”

The coin’s listings on reputable exchanges have also bolstered confidence. Platforms like Bitget, HTX, and BitMart have given Pi a global stage, attracting international traders who missed the initial hype. Meanwhile, speculation about a potential Binance listing—crypto’s biggest exchange—has added fuel to the fire. Though Binance hasn’t confirmed anything, a recent X poll from the exchange asking followers about Pi Network has sparked chatter that a listing could be in the works. If it happens, analysts say it could push Pi past the $2 mark.

硬幣在信譽良好的交流方面的列表也增強了信心。 Bitget，HTX和Bitmart等平台為PI提供了全球舞台，吸引了錯過最初炒作的國際商人。同時，人們對潛在的義務清單（Crypto的最大交流）的猜測增加了大火的燃料。儘管Binance尚未確認任何內容，但最近的X民意調查詢問追隨者有關PI網絡的信息激發了chatter閒聊，即可能正在製作清單。如果發生這種情況，分析師說，它可能會將PI推到2美元的標記上。

Behind the Numbers: What’s Fueling the Rally?

數字背後：是什麼促進了集會？

Pi Coin’s 80% climb isn’t just blind optimism—there are tangible factors at play. First, its unique mining model sets it apart from the pack. Unlike Bitcoin or Ethereum, which require hefty computing power, Pi lets users mine coins via a simple mobile app. Just tap a button once every 24 hours, and you’re earning—a low-barrier entry that’s built a massive community. With over 100 million downloads in India alone, Pi’s grassroots appeal is unmatched.

Pi Coin的80％攀登不僅是盲目的樂觀情緒，而且有明顯的因素在起作用。首先，其獨特的採礦型號將其與背包區分開來。與需要大量計算能力的比特幣或以太坊不同，PI使用戶可以通過簡單的移動應用程序挖掘硬幣。只需每24小時點擊一次按鈕，就可以賺錢 - 一個建立了龐大社區的低障礙條目。僅在印度下載了超過1億次下載，Pi的基層吸引力就無與倫比。

Second, the market seems to be warming to Pi’s fundamentals. While liquidity was a concern on day one—OKX’s market depth was reportedly just $33,000 to $60,000—the situation is improving. Exchanges are adding more trading pairs, and volume is ticking up. Some analysts also argue that Pi’s true circulating supply might be lower than the reported 6.35 billion, with one estimate pegging it at just 554 million. If true, that could mean the coin’s market cap—currently around $8.6 billion—is

其次，市場似乎正在為Pi的基本面變暖。雖然第一天的流動性是一個關注的問題 - 據報導，OKX的市場深度僅為33,000至60,000美元，但情況正在改善。交易所正在增加更多的交易對，並且數量正在提高。一些分析師還認為，PI的真正循環供應可能低於報導的63.5億，其中一項估計僅為5.54億。如果是真的，那可能意味著硬幣的市值（目前約為86億美元）