Pi Network Market Suffers Sell-Off Following Mainnet Delay

Pi Network experienced a significant market sell-off following the announcement of a mainnet delay. Dr. Nicolas Kokkalis, Pi Network’s architect, provided updates regarding upcoming features such as AI integration and decentralized identity tools. The shift in focus disappointed investors who had anticipated a full Mainnet launch. The delay also affected Pi Coin’s value, declining by over 20%. While the network announced a $100 million fund aimed at bolstering its ecosystem, market expectations remained unmet. This news triggered investor concern about timeline uncertainties and overall financial prospects of the project.