Why users sell accounts due to the closure

An increasing trend has appeared among PI users, usually referred to as pioneers, where many choose to sell their entire accounts.

This shift comes in response to prolonged lock periods that restrict users to access or trade their coins (PI).

PI users sell accounts due to clips

The PI network has been launched as an encrypted currency based on Blockchain that can be accessed via a mobile app. Promise a decentralized mining experience without the need for specialized devices, allowing the broader access.

However, its closure mechanism – designed to stabilize the offer and reduce inflation – has led to reverse results. According to the latest data, the total number of accounts on the PI network is 11.5 million.

Among them, closed 1.1 million PI pioneers for 6 months, and 1.6 million for a year. It is worth noting that the majority – 7.2 million accounts (62.6 %) – closed them for a period of three years. Therefore, this means that these currencies will not become trading until late 2027 to early 2028.

“Normies was mining that PI things every day for about three years. I was sure it was a fraud, but hey, it seems that it might get something after everything. The funny thing is that most of the criteria have closed it for 3-5 years and I now hope they can sell PI,” user books On x (previously Twitter).

This patience prompted some pioneers to overcome the lock by selling their accounts, and includes traffic phrases, on platforms such as X. Quick search for “Sell Locked Pi” reveals a flood of offers, as users announce their closed balances for immediate sale.

“A friend has 2,136 PI for sale. PI is closed until 2027. If you buy, you will receive the Passphrase, which gives full access to the wallet.” to publish user.

user Express Deep concern about the situation. He pointed out that many individuals who closed PI face great financial difficulties and cannot sell their coins.

However, this practice raises great risks. The participation of traffic phrases with buyers creates a scenario, where at least two people know a decisive access key to an account, which increases the possibility of theft or fraud.

Because of the lack of organizationBuyers are also vulnerable to fraud. Uncreted sellers can provide fake calculations or an invalid pass. Legal concerns arise because this practice may violate the conditions of the PI network service. This may risk a permanent ban or confiscation of coins, leaving both sides without resorting.

Besides closing struggles, the PI has faced great criticism because users were unable to deport their distinctive symbols to Mainnet. Many pioneers reported technical problems that were not solved that prevent the transfer of balance, which sparked calls to extend the deadline for the deportation of March 14.

Meanwhile, these issues arise amid a difficult period of PI. Altcoin lost 22.2 % of its value last week.

As Beincrypto previously mentioned, investors withdraw their money from the PI network, with the dominant feelings dominating the market. At the time of this report, PI Coin was trading at $ 1.3, a decrease of 0.7 % over the past 24 hours.