Pi Coin IOU Witnesses 10.10% Surge, Ranks 8th Among Top Gainers on Hotcoin

Pi Coin IOU pair with USTD has experienced a notable increase of 10.10% in its value, propelling it to the 8th position on the list of Top 10 gainers on Despite concerns raised by the Pi Network’s Core Team regarding transactions involving the Pi Coin IOU listed on exchanges, the IOU has continued to attract investors worldwide due to its appealing price.

The Pi Network’s Core Team previously cautioned users against engaging in transactions with the Pi Coin IOU listed on exchanges without the team’s approval. However, the attractive price of the IOU has enticed many investors, leading to a surge in its value on hotcoin and other exchanges.

Interestingly, the Pi IOU pair reached an impressive price of $150,000 on the Atlantis platform at one point. Although some pioneers viewed the platform as a scam, it managed to draw attention and generate interest among investors.

The Pi Network’s Core Team has been vocal about their reservations regarding unapproved exchanges, highlighting the potential risks and urging caution. The team has been working diligently to develop a robust and secure platform for Pi Coin, which is currently in its testing phase.

As the Pi Coin project progresses, it is crucial for investors to exercise due diligence and consider the guidance provided by the Pi Network’s Core Team. While the Pi Coin IOU has seen significant growth, it is important to remain aware of potential risks associated with unregulated exchanges.

As of the time of filing this report, the Pi Coin IOU is being traded at a value exceeding $25.59 on hotcoin. This marks a significant increase in value compared to its previous trading price.

Source: Screenshot of the Pi Coin IOU Price on the Hotcoin platform

The surge in the IOU’s value on hotcoin indicates a growing interest and demand among investors. Despite the concerns raised by the Pi Network’s Core Team regarding unapproved exchanges, the IOU’s price continues to attract attention.

It is important to note that the value of cryptocurrency assets can be volatile and subject to rapid fluctuations. Investors should exercise caution and carefully assess the risks associated with trading in IOUs and cryptocurrency in general.

The Core Team has emphasized the importance of waiting for the official launch of the Pi Network and its native cryptocurrency, Pi Coin, rather than engaging in speculative trading with IOUs. They have consistently advised users to exercise patience and refrain from participating in transactions on unregulated exchanges.

As the situation develops, it is recommended that users stay updated with the latest announcements and guidelines provided by the Pi Network’s Core Team, who are working towards creating a secure and reliable platform for Pi Coin.

Disclaimer: The information provided in this article is based on the available data at the time of writing and is subject to change. The content should not be considered as financial advice. Investing in cryptocurrencies carries risks, and readers are advised to make their own informed decisions and seek professional guidance when dealing with financial matters.


Written by Angela Beckham

Angela Beckham has interest in Politics and Blockchain Technology. She started a research about cryptocurrency in 2017 to span through to 2027 on "replacing fiat with crypto which is yet to be completed. Presently Angela writes for NewsWay on Politics and Blockchain.

Leave a Reply


Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

    Pi Network Open Mainnet Launch Set for June 28th 2023; Could it happen?

    Omega Network Unveils Updated White Paper, Prioritizing Secure Communications, Content Monetization, and Data Privacy