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The large advertisement of the PI network

TL; D

  • The controversial team posted a strange hint last week about an upcoming advertisement, many of whom could be a PI list on Binance.
  • This was not the case. Instead, the team announced an initiative worth $ 100 million to invest in startups, but the original code price was its reaction with the immediate decline in prices after the increase on noise.

The big advertisement

On May 8, the official channel X was behind the project with more than 4.3 million followers that a large advertisement for the ecological system will come on May 14. Although it failed to provide any other details, the community began to predict some options, but the potential Binance menu was at the forefront since some members claimed that the stock exchange had tried with the background Pi Devosits and Randals.

However, such a list of the largest encryption exchange in the world should wait, as the actual statement revealed yesterday has nothing to do with any trading platforms. The team announced the launch of the Pi Network Ventures, an initiative of $ 100 million in PI and USD, which will invest in “startups and companies that provide PI and Relaxy”.

The comments at the bottom of the post have been divided, as usual, with some Be praised It is “huge” for the entire PI ecosystem, while others criticize It is just an “announcement of what they plan to do, not what they did or do.”

Pi dumps

The noise brought after the first publication last week, amazing price gains for the original symbol of the project. Almost three times in less than a week, from $ 0.6 to more than $ 1.7. However, this gathering, which is driven by noise at that point and decreased to less than $ 0.9 from now.

This seems to be a classic event “Buy rumors, sell news”, as the price price increases before the actual advertisement, but it is declining after that. PI decreased by 28 % over the past 24 hours, and it has thrown 50 % of its value since its local climax was recorded just a few days ago.

Pi to speak price. Source: Coingecko
Pi to speak price. Source: Coingecko
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