備受期待的主網發布後，PI Network的令牌在不到24小時內下降了65％

代幣進入市場的價值低於IOU價格預測超過60美元，不久後，它下降到1美元以下

Pi Network’s token (PI) has seen a sharp decline of over 65% in less than 24 hours following its much-awaited mainnet launch. The token entered the markets at lower values than the IOU price predictions of over $60, and shortly after launch, it dropped below the $1 mark as holders started taking exit positions.

PI Network的代幣（PI）在已久期通知的主網發布後不到24小時內急劇下降了65％以上。代幣以低於60美元的價格預測的價格低於60美元的價值，而推出後不久，隨著持有人開始退出職位，它下降到1美元以下。

Pi Network officially launched its open mainnet on Thursday morning, allowing users to finally trade PI on centralized exchanges for the first time. The token debuted on platforms such as OKX, Gate.io, Bitget, and Pionex, reaching a peak price of $2.1 before nosediving. Early Friday Asian market trading hours saw the token accelerate downwards to $0.6, reaching its all-time low value, per Coingecko data.

PI Network在周四早上正式推出了開放式大型網絡，使用戶最終可以首次在集中交易所進行PI交易。該代幣在OKX，Gate.io，Bitget和Pionex等平台上首次亮相，在鼻子上達到了2.1美元的高峰價格。週五上旬，亞洲市場交易小時的時間使該代幣降至0.6美元，每個套餐數據達到其歷史最低價值。

Have Pi holders commenced profit-taking?

PI持有人是否開始獲利？

Investors are talking about the huge selloff on social media platforms. Some crypto traders on X have doubts about PI’s huge 100 billion token limit. One trader said that Pi Network didn’t give ample Know Your Customer (KYC) permissions to users who had larger amounts of PI. This has made it harder for them to move coins to the mainnet.

投資者正在談論社交媒體平台上的巨大拋售。 X上的一些加密貨幣交易者對PI的1000億代幣限制感到懷疑。一位交易員說，PI網絡並沒有給您的客戶（KYC）許可，以了解擁有大量PI的用戶。這使他們很難將硬幣移到主網。

“PI Network will never recover due to their total supply of 100 billion PI,” the trader wrote. “It looks like the team dumped on retail investors using hype.”

交易員寫道：“由於PI網絡的總供應1000億pi，PI網絡將永遠不會恢復。” “看來該團隊使用炒作傾倒了散戶投資者。”

Replying to the naysayer, Pi coin supporters bashed the allegations, with one disclosing they successfully underwent the verification and transferred over 2,000 tokens. Another market observer echoed liquidity concerns, claiming the token’s total market value had suffered a staggering $100 billion loss since launch.

Pi Coin支持者在回復反對者時抨擊了這些指控，其中一項披露他們成功接受了驗證並轉移了2000多個令牌。另一個市場觀察家回應了流動性問題，聲稱該令牌的總市場價值自推出以來損失了1000億美元。

“70% down from ATH, $100B+ wiped out of FDV, 10% up from ATL,” the trader reckoned. “Retail investors lost billions, airdrop farmers dumped their bags, and as I predicted, PI collapsed right after TGE.”

交易員估計：“從ATH下降了70％，從FDV降低了100B美元，從ATL上升了10％。” “散戶投資者損失了數十億美元，空投農民拋棄了行李，正如我所預料的那樣，PI立即在TGE之後倒塌。”

Solana memecoin launchpad activity cools down

Solana Memecoin Launchpad活動會冷卻

Solana’s Pump.fun, the blockchain’s leading token launchpad, has seen a significant drop in new token launches and revenue in recent weeks. According to Solscan data, the number of daily token launches on Solana plunged to its lowest daily launch of 27,820 last Wednesday, an approximately 70% decline from the 2025 high of 95,578 seen on January 26.

區塊鏈領先的代幣發射台的索拉納（Solana）泵。根據Solscan數據，上週三的每日代幣的數量下降到了其每日最低的27,820，比2025年1月26日看到的95,578的高點下降了約70％。

On the same day, Pump.fun, which is responsible for more than half of all Solana token launches, recorded just 35,152 new tokens, its weakest performance since December 2024. According to a Dune Analytics dashboard, revenue also tumbled to $1.69 million, the lowest since early November.

同一天，pump.fun負責所有Solana代幣發射的一半以上，僅記錄了35,152個新令牌，這是自2024年12月以來最弱的表現。自11月初以來最低。

January was among Pump.fun’s most active months, buoyed by political figures like US President Donald Trump and his wife, Melania, launching tokens before the former took up his presidential duties. As of the time of this publication, the platform has over 7.8 million tokens launched, with over 13.578 million addresses. Data from Solana-based artificial intelligence (AI) decentralized exchange, Boltrade.ai, revealed 82% of Pump.fun’s volume has crashed since Christmas Day.

一月是泵。Fun最活躍的月份，受到美國總統唐納德·特朗普（Donald Trump）和他的妻子梅拉尼亞（Melania）等政治人物的鼓舞，在前者負責總統職責之前，發射了代幣。截至該出版物時，該平台推出了超過780萬個令牌，擁有超過13578萬個地址。基於Solana的人工智能（AI）分散交易所Boltrade.ai的數據顯示，自聖誕節以來，Fumprade的82％的數量已崩潰。

1/ https://t.co/FcpcwRedjZ is a Farm for Insiders & Dev Rugs

1/https://t.co/fcpcwredjz是內部人士和開發地毯的農場

10-20K tokens minted daily, all free—sounds bullish? Nah. Most are dead in hours.

10-20k代幣每天鑄造，全部免費 - 單調看漲？不。大多數人在幾個小時內死亡。

Only 2-5 pumpfuns launched in the last few days are still above $1M

在過去幾天中，只有2-5個南瓜仍超過100萬美元

Last week, pumpfun's graduating rate dropped to 0.87% (the… pic.twitter.com/gAiFxMYnZP

上週，Pumpfun的畢業率下降到0.87％（pic.twitter.com/gaifxmynzp

— Boltrade (@boltrade_ai) February 21, 2025

-Sultultade（@boltrade_ai）2025年2月21日

The exchange shows that most token developers have launched coins to use investors as exit liquidities, which is why fewer than 10 token trading volumes have managed to stay above $1 million for more than 3 days to a week.

該交易所表明，大多數代幣開發商都推出了硬幣，將投資者用作退出水平，這就是為什麼少於10個令牌交易量的原因量超過100萬美元超過100萬美元，超過3天至一周。

Argentine President Javier Milei is also partly to “blame” for the memecoin launch cooldown after he promoted a memecoin called Libra (LIBRA) on February 14 through his official X account. Milei claimed Libra was linked to Argentina’s initiative to support the growth of small businesses.

阿根廷總統賈維爾·麥利（Javier Milei）在2月14日通過其官方X帳戶推廣了一個名為Libra（天秤座）的Memecoin後，也部分地將Memecoin發射的責任冷卻。米利聲稱，天秤座與阿根廷有關支持小型企業發展的倡議有聯繫。

A few hours later, the Argentine leader rescinded his sentiments on the memecoin and deleted the post. But not before the token’s creators faced allegations of insider trading that purportedly helped developers initiate a $251 million rug pull within hours. According to blockchain analytics firm Nansen, over 80% of LIBRA traders suffered losses of at least $1,500.

幾個小時後，阿根廷領導人取消了他對紀念因素的觀點，並刪除了該職位。但是，在代幣的創建者面臨內幕交易的指控之前，據稱開發商在數小時內啟動了2.51億美元的地毯。根據區塊鏈分析公司Nansen的數據，超過80％的天秤座交易者的損失至少為1,500美元。

Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews -

加密大都會學院：如何撰寫web3簡歷來吸引採訪 -