{"id":14458,"date":"2025-02-22T07:16:54","date_gmt":"2025-02-22T07:16:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14458"},"modified":"2025-02-22T07:16:54","modified_gmt":"2025-02-22T07:16:54","slug":"pi-network-tanks-after-mainnet-launch-analyst-says-solaxy-could-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14458","title":{"rendered":"Pi Network Tanks After Mainnet Launch, Analyst Says Solaxy Could Rally"},"content":{"rendered":"
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Pi Network\u2019s long-awaited mainnet launch has been anything but smooth.<\/p>\n

Its native PI token is down over 80% from its initial trading price despite years of anticipation from mobile miners who helped grow the network.<\/p>\n

While Pi Network struggles, one analyst suggests investors should look to Solaxy instead \u2013 a Layer-2 project that\u2019s raised over $22 million in its ICO.<\/p>\n

Pi Network\u2019s Launch Day Crash \u2013 What Went Wrong?<\/h2>\n

Pi Network\u2019s<\/a> transition to the Open Mainnet yesterday was a major milestone for the mobile mining project.<\/p>\n

But the excitement didn\u2019t last long.<\/p>\n

\"\"<\/a><\/p>\n

Within hours of trading on exchanges like OKX and Bitget, the PI token tanked, leaving millions of its KYC-verified users wondering what\u2019s next for their tokens.<\/p>\n

A few factors caused the price crash.<\/p>\n

A wave of early miners, who\u2019d been accumulating PI since 2019, rushed to cash out, causing a massive sell-off.<\/p>\n

At the same time, unverified rumors spread on social media, speculating the Pi Core Team \u2013 which controls around 20% of the token supply \u2013 might also be dumping tokens.<\/p>\n

On top of that, technical made matters worse.<\/p>\n

\"\"<\/a><\/p>\n

Many users are stuck in KYC verification and cannot access their tokens, while Pi Network\u2019s ecosystem is trying to show it\u2019s useful in the real world.<\/p>\n

Despite years of development, only 80 dApps are currently live \u2013 falling well short of expectations.<\/p>\n

Can Pi Network Bounce Back From the Initial Volatility?<\/h2>\n

Looking ahead, Pi Network faces significant challenges on its road to recovery.<\/p>\n

Analysts believe the token could rise above $11<\/a> in the coming weeks, but that largely depends on whether the team can prevent more sell-offs.<\/p>\n

A key concern is the huge backlog of users still waiting for KYC verification.<\/p>\n

If we do the math, up to 73% of Pi Network\u2019s 70 million users have yet to complete this step.<\/p>\n

That means more selling pressure might hit PI once they gain access to trading.<\/p>\n

\"\"<\/a><\/p>\n

Beyond price stability, Pi Network\u2019s long-term success will come down to its practicality.<\/p>\n

Even with big plans for a peer-to-peer economy, the network hasn\u2019t delivered yet.<\/p>\n

The team will need to make meaningful progress in onboarding merchants and attracting developers to create disruptive dApps.<\/p>\n

Some speculate a listing on Binance or Coinbase could trigger a rebound for PI.<\/p>\n

But without clear tokenomics \u2013 and given the rumors of insider selling \u2013 Pi Network will need more than just exchange listings to rebuild trust.<\/p>\n

Solaxy Goes Viral as Pi Network Tanks \u2013 Why Analysts Think SOLX is a Good Opportunity<\/h2>\n

As Pi Network struggles after its launch, attention is shifting to projects with better prospects.<\/p>\n

One of these projects is Solaxy<\/a>, which has raised over $22.7 million in presale funding.<\/p>\n

While Pi is focused on mobile mining, Solaxy is tackling a different issue: scaling Solana\u2019s network with Layer-2 technology.<\/p>\n

Crypto analyst Austin Hilton<\/a> is hyped about Solaxy\u2019s potential.<\/p>\n<\/p>\n