市场突然崩盘，Pi 币价格暴跌 98%

近期Pi Network币价暴跌超98%，引发用户担忧。原因尚不清楚，猜测可能是市场操纵或测试网平台内部问题。尽管价格下跌，Pi Network 的营销活动仍然活跃，凸显了围绕代币价值的持续争论以及缺乏明确的开放主网启动日期。

Pi Coin Price Plunges 98% in Sudden Downturn

Pi币价格突然暴跌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.

印度诺伊达 (CoinChapter.com) – 由于其原生代币 PI Coin 的价格急剧下跌，Pi Network 社区陷入了混乱。短短几天内，PI Coin 的价值暴跌超过 98%，从 4 月初近 40 美元的高点跌至 4 月 4 日的仅 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.

低迷并没有消退，PI Coin 的价格在 4 月 5 日触及 0.18 美元的低点，然后稳定在 0.2 美元左右。 4 月 8 日，短暂的上涨趋势将代币的价格短暂推升至 0.34 美元，但这种缓解是短暂的。

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，价格的大幅下跌似乎仅限于少数交易所和 CoinMarketCap。这引发了人们的猜测，即暴跌可能是一种异常现象，甚至是一种恶意行为。

Factors Contributing to the Price Collapse

导致价格暴跌的因素

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.

加密货币的这种极端价格下跌通常表明存在恶意活动或操纵市场力量。就 PI Coin 而言，价格的突然下跌引发了人们对潜在拉动的怀疑，即开发商突然放弃一个项目，让投资者获得一文不值的代币。

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.

尽管一再承诺开放主网启动，Pi 网络目前仍处于测试网阶段。尽管 Pi Network 团队积极开展营销工作，但这仍导致许多用户质疑该平台的合法性。

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 币的支持者认为，在交易所交易的代币不是真正的 PI 代币，不应被信任。虽然这个论点有一定的道理，但它并不能解释为什么许多用户继续买卖这些代币。

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.

更复杂的是，在 HTX 和 BitMart 等交易所交易的 PI 币是借据，这意味着交易者本质上是在交换期票而不是实际的代币本身。这表明整个 PI 币市场目前都基于投机。

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 价格暴跌可能是由 CoinMarketCap 上市一个与 Pi Network 类似的项目引发的。然而，像 CoinMarketCap 这样的图表网站在很长一段时间内未能纠正此类错误是很不寻常的。

Hopium Remains High

鸦片含量居高不下

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.

尽管价格问题尚未解决，但 Pi Network 先令活动仍然有增无减。 Pi Network 团队尚未有任何官方沟通，但 Pi Network X 官方账号正在积极宣传其近期黑客马拉松的成果。

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.

另一个与 Pi 网络相关的用户名为“PiBridge”，声称其平台上的 PI 币价格一直稳定在 0.4 美元左右。 PiBridge 团队声称，其平台上的代币不是 IOU，而是“原生 PI”，允许用户将 PI 存入主网钱包或从其主网钱包提取。

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.

如果准确的话，这表明 PiBridge 团队对 PI 币的估值约为 0.4 美元。其他 Pi Network 相关账户继续推广该代币，并推测在主网启动后，该代币可能会达到 314,159 美元的惊人高度。

Cautious Interpretation

谨慎解读

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.

虽然 Pi Network 团队及其支持者保持看涨立场，但必须谨慎对待这种情况。缺乏开放的主网启动、借据激增以及价格突然暴跌引发了人们对该项目合法性的严重担忧。

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.

投资者应意识到投资 PI 币的相关风险，并仔细考虑进一步损失的可能性。建议个人在做出任何投资决定之前进行彻底的研究和尽职调查。