Pi Network Price Plummets 90% After Upgrade: Concerns Over Centralization & Liquidity

Pi Network’s price took a dramatic plunge after the recent App Studio upgrade, dropping by over 90% from its peak. The drastic decline is attributed to factors like rapid token unlocks, increased centralization of supply, and the limited reach of major exchanges. This event echoes past instances of volatility experienced with Filecoin and EOS, highlighting market concerns surrounding these projects.