Even before the official launch of Pi Coin, his room Iou was in trouble with his market capitalization in falling at 0 on the popular Coinmarketcap of Crypto Portal. Although the reasons for this unusual event remain vague, it serves as a setback to the PI community which has put its Hope Sky High for the official release of token.
From now on, the Pi Iou part is only a part of representation, that the Crypto exchange promises to exchange later with the official piece.
Although the launch is expected by the first quarter of 2025, the reason for the unknown of its market capitalization in play Iou is unknown, there is speculation that this can also be a problem of CoinmarketCap.
In community relief, market capitalization may have turned into zero, but the FDV is still $ 3.51 billion.
Since last week, Pi Coin has seen a rebound in the $ 40 range. Currently, it is negotiated at $ 51.7. This shows an increase of 30% in this time.
The commercial bitmart is maximum for the room, because it represents a share of 75% of the overall purchase and sale. HTX then comes with 25%, but the price here is much lower than other exchanges.
Read also: Will Pi Coin reach $ 100 on the launch of Mainnet?
