Pi Network (PI) Plummets 30% in Classic ‘Sell-The-News’ Crash Following Kraken Listing
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Pi ecosystem token plunged ~30% in under 24 hours ahead of community Pi Day, creating sharp volatility and immediate market impact on price metrics. Core Team reported successful implementation of a crucial protocol upgrade meeting the March 12 deadline, but the upgrade failed to prevent the sell-off, raising questions about market confidence, adoption and short-term token risk (crypto, token, upgrade, protocol, market impact).
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Although its vast community is preparing to celebrate the so-called Pi Day today, the ecosystem’s underlying token experienced one of its most painful corrections, driving it south by 30% in less than 24%.
This crash came even after reports that the Core Team had successfully implemented a crucial upgrade, whose deadline was March 12.
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