当她凝视着窗户时，玛丽亚想象着PI网络的变革潜力

像她一样，全世界有6000万个人热切地等待着2025年2月的公开内网络的揭幕。最初，嗡嗡声是电动的

As she glanced through the window, Maria fell into a reverie, her thoughts swirling with the transformative potential of the Pi Network. Like Maria, 60 million individuals globally were eagerly awaiting the Open Mainnet’s unveiling in February 2025. Initially, the buzz was electric, anticipation hanging palpable in the air. On the internet, IOU tokens for Pi traded at an astonishing $50, an amount that later escalated to an eye-watering $300 as the fervor reached a peak. It appeared a gold rush was imminent, with everyone discussing the token. However, less than two weeks later, the enthusiasm fizzled, leaving a meager $2 per Pi Coin in its wake.

当她瞥了一眼窗户时，玛丽亚陷入了崇敬，她的思想随着PI网络的变革潜力而旋转。像玛丽亚（Maria）一样，全球6000万个人热切地等待着2025年2月的公开内网络的揭幕。在互联网上，IOU代币的PI以惊人的50美元交易，随着热情达到顶峰，这笔款项后来升级为令人震惊的300美元。似乎即将发生淘金热，每个人都在讨论令牌。但是，不到两周后，热情逐渐消失，每pi币造成2美元的微薄。

What doused the flame that burned so brightly? The drama unfolded as follows:

是什么使燃烧得如此明亮的火焰燃烧了？这部戏的展开如下：

The market was quickly saturated with billions of pre-mined coins from its onset, a staggering 100 billion as the maximum supply. Such an overflow stripped the coin of its scarcity and allure, especially in the initial stages, causing the price to nosedive despite the vast community. Thousands unlocked Pi daily, no shortage in sight.

从一开始，市场很快就充满了数十亿枚预装的硬币，这是最大供应量的惊人1000亿。这样的溢出剥夺了硬币的稀缺性和魅力，尤其是在最初的阶段，尽管社区庞大，但在最初的阶段，使价格降低了。每天有成千上万的PI解锁，看不见。

Moreover, major exchanges like Binance refrained from listing Pi, exercising caution despite the community’s vocal enthusiasm. This omission bottlenecked the coin’s reach, limiting its potential for broader adoption. Bybit’s server hack, where hackers reportedly stole $90 million in crypto from the exchange, only added to the tumult, casting doubts on Pi’s stability and security.

此外，尽管社区的声音热情，但诸如Binance之类的主要交易所避免了列出PI，谨慎行事。这种遗漏瓶颈覆盖了硬币的覆盖范围，限制了其更广泛采用的潜力。据报道，黑客从交易所偷走了9000万美元的加密货币，仅在骚动中添加了9000万美元的加密货币，对PI的稳定性和安全性产生了怀疑。

Despite the hype, Pi lacked practical application. Though boasting over a hundred apps on standby and a community actively discussing its potential, it remained a novelty, unable to meet even the simplest purchase—chai from a street vendor. Hence, skepticism spiked as real-world utility proved a significant hurdle.

尽管进行了炒作，但PI仍缺乏实际应用。尽管拥有一百多个应用程序和一个社区积极讨论其潜力的社区，但它仍然是一种新颖性，甚至无法满足最简单的购买 - 从街头供应商那里。因此，由于现实世界的公用事业被证明是一个重大障碍，因此受到怀疑。

During that first volatile week, prices fluctuated wildly, hitting peaks of $500 before crashing back to reality with a final price of $2. Where were those dreamlike IOU figures now? Reality crafted a stark narrative, dictated by market dynamics, not whims.

在第一个动荡的一周中，价格大幅波动，达到500美元的高峰，然后以2美元的最终价格坠入现实。那些梦幻般的人现在在哪里？现实制作了一个鲜明的叙述，由市场动态而不是异想天开。

Pi's journey reflects the quintessence of the crypto landscape: meteoric rises and spectacular crashes, all fueled by anticipation and tempered by reality. Today, the coin trades between $2 to $3, a far cry from the IOU price of $500 or even $300, but an indication of its current standing.

Pi的旅程反映了加密货币景观的精髓：陨石的升起和壮观的崩溃，这一切都受到了预期的影响，并受到了现实的调整。如今，硬币的交易价格在2到3美元之间，与IOU价格的哭泣相距甚远，甚至300美元，但表明其目前的地位。

Enthusiasts are hopeful for a revival, perhaps a slow climb to $5 or even $10 by year's end. However, the path is fraught with challenges, hinged upon enhanced usability and broader platform support.

发烧友希望复兴，也许会在年底降至5美元甚至10美元。但是，这条道路充满了挑战，取决于增强的可用性和更广泛的平台支持。

Whether you choose to ride the Pi rollercoaster or wait it out, remember, every crypto saga holds unexpected turns. As we watch this unfolding, the lesson crystallizes: beyond excitement, discernment remains key in the turbulent sea of cryptocurrencies.

无论您是选择骑Pi过山车还是等待它，请记住，每个加密式传奇都会出乎意料的转弯。当我们观看这一发展时，课程就结晶了：除了兴奋之外，在动荡的加密货币海洋中，辨别力仍然是关键。