In the aftermath of the Mantra debacle, the Pi Network community is buzzing with calls for the PiCoreTeam (PCT) to take notes from this crypto catastrophe. Dr Altcoin, the pseudonymous crypto sage, has thrown down the gauntlet, urging the PCT to build some serious guardrails before the open mainnet transition. 🚧
Dr Altcoin, in his infinite wisdom, has declared the OM incident a “masterclass in what not to do.” He’s practically begging the PCT to lay down a solid foundation to avoid a similar nosedive in Pi Coin’s value. Because, let’s face it, no one wants to see their crypto dreams go up in smoke. 💨
Mantra (OM), once the darling of the crypto world, plummeted from $6.32 to a measly $0.57 in a single, heart-stopping drop. Investors were left clutching their heads, wondering if they’d just been part of the world’s most expensive magic trick. Poof! 💥
While the official story blames liquidations, whispers of a “carefully orchestrated dump” are growing louder. The market lost a staggering $6 billion, with traders collectively weeping over $400 million lost in just three days. Ouch. 😬
Dr Altcoin, ever the optimist, is urging the PCT to get their act together and fast-track the development of ecosystem guardrails. Because, you know, prevention is better than a $6 billion cure. 🛠️
“The OM incident is a wake-up call for the entire crypto industry – proof that stricter regulations are urgently needed,” Dr Altcoin declared. “It also serves as a HUGE lesson for the PCT as we transition from the Open Network to the Open Mainnet.”
But here’s the kicker: faith in the PCT is eroding faster than a sandcastle at high tide. Dr Altcoin isn’t mincing words, calling out the team for their lack of transparency. “One thing is clear about the PCT,” he wrote on X. “They are not transparent.” Oof. 🎯
Questions about the PCT’s transparency first surfaced over the murky locking and burning mechanism for Pi Coins. Then came the delays in KYB approvals, which led to PiDaoSwap launching NFTs on the Binance Chain. Talk about a PR nightmare. 😩
Dr Altcoin suggests that if the PCT speeds up the KYB process for centralized exchanges, it could unleash a tidal wave of demand for Pi ahead of the transition. But for now, Pi miners are jumping ship, casting a dark cloud over the future of Pi Coin. 🌧️
Pi Coin is currently trading at $0.7404, up nearly 30% in the last week. But the threat of a drop to $0.3 looms like a Sword of Damocles. Will the PCT rise to the occasion, or will Pi Network become the next cautionary tale? Only time will tell. ⏳
Read More
- EUR CNY PREDICTION
- MUBARAK PREDICTION. MUBARAK cryptocurrency
- USD MXN PREDICTION
- IP PREDICTION. IP cryptocurrency
- USD THB PREDICTION
- USD ZAR PREDICTION
- RUNE PREDICTION. RUNE cryptocurrency
- 🚨 Crypto Exchange Drama: OM Token’s Wild Ride Leaves Everyone Scratching Their Heads 🎢
- GPS PREDICTION. GPS cryptocurrency
- Why XRP Might Just Become the Next Bitcoin (Spoiler: It’s Wild!)
2025-04-15 06:07