Wednesday, January 4, 2023, Pi Network trended massively on Twitter. TechEconomy’s investigations show this was following two exchanges claiming they listed the PI token, which skyrocketed the price of the token.
We then asked on Twitter, “Anyone on Pi Network”, and the response was like ‘everyone is on the network’ Massive energy!
Anyone on #PiNetwork pic.twitter.com/ewdfXKVi4M
— Techeconomy (@TecheconomyNG) January 4, 2023
Meanwhile, Beincrypto.com reports of Huobi and XT.com listing PI skyrocketed the token’s price. But eventually, the community turned doubtful of the listing.
XT.com even tweeted that they will develop a trading championship with the Pi Network team, which increased the doubts regarding the announcements published by both platforms.
https://twitter.com/HuobiGlobal/status/1608389794056343554
Pi Network Denies Listing on Any Exchanges
The crypto community members have expressed negative opinions about the event, pointing out that there is no official announcement from the Pi Network. The community called out the Huobi team for scamming people.
The PI network team announced that they are not involved with any purported listings. They warned that the investors could sustain substantial losses by participating in unauthorized listings. The announcement reads, “Pi is currently in the Enclosed Network and is not approved by Pi Network for listing on any exchange or for trading.”
Read Here:
Pi has not been listed on any exchange, and Pi Network has not been involved with any purported listings. You could sustain substantial loss by participating in unauthorized listings. Read more on our website: https://t.co/rbntZ7DROj pic.twitter.com/LJztPOH35c
— Pi Network (@PiCoreTeam) December 30, 2022
Coingecko and CoinMarketCap have both added warnings to the listing token page of PI, with Coingecko stating that “the mainnet has not yet been launched.”
Coinmarketcap’s warning is slightly more aggressive in nature, with the announcement stating “There have been reports questioning the legitimacy of Pi Network. Please note that mainnet has not launched yet and the price displayed below for certain exchanges reflect the value of the IOUs and it may not be transferable across exchanges.”
A clear discrepancy between prices on both platforms can be seen as exchanges are not trading the actual token but simply the IOU version of the token. Which in essence is not the real token.
Check out your Pi 2022 mining recap on your home screen, after your next mining session!
Show us what you got! Here's one of ours 🙂 pic.twitter.com/Bbhmu9cvKl
— Pi Network (@PiCoreTeam) January 4, 2023
However, fingers are crossed hoping for more clarities and Pi Network becoming what many are looking for to – positives. It is still early in the year!
Let’s hear from you on what you think about Pi Network…join us on Twitter too.
Author
