Is the mainnet operation of Pi Network not being valued? A 22% crash in two weeks, the worst performance among the top 100 tokens.

On March 30th, Pi Network became the center of attention again. Although it announced the launch of its mainnet, the market reaction was lukewarm.

What happened

The Pi Network development team has officially announced the launch of the main net, marking a certain conclusion to the long-standing doubts of being a “difficult birth.” However, questions from investors continue unabated—Is it a pyramid scheme (Ponzi scheme)? voices are coming one after another.

The official side immediately denied it. They claim that the recommended system is a “single-layer structure” and does not have the characteristics of multi-level marketing.

Numbers tell all

Despite the progress of the project, the market performance of Pi coin is dismal:

• 22.5% drop in the past 2 weeks
• The current price is below $0.8
• further down 6% in the last 24 hours
• Among the global top 100 cryptocurrencies, worst drop rank (competing only with Hyperliquid)

The reasons for the decline are not necessarily specific to the Pi Network, but rather a result of the overall market adjustment. Major cryptocurrencies are also experiencing a chain reaction in their corrections.

To be honest

The Pi Network is now in a paradoxical state. While it has built a strong global community, the scheme allegations have not been dispelled, and the true realization of value after the mainnet remains uncertain.

Will this become a “comeback scenario,” or will it end in a “bubble illusion”—the answer will be determined by the market.