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Pi Network’s Coin IOU Skyrockets Ahead of Anniversary Celebration, Caution Urged

Priscilla Anthony
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As Pi Network eagerly anticipates its upcoming anniversary celebration on March 14th, the project’s native Coin IOU (I Owe U) has surged to an all-time high. At the time of writing, Pi is trading at an impressive $109, compared to yesterday’s price of $53, marking a significant increase in value within a short span of time.

The live Pi price today stands at $107.63 USD, with a 24-hour trading volume of $650,568 USD. This surge represents an 84.35% increase in the last 24 hours alone. Despite these remarkable gains, it’s crucial to note that Pi is currently ranked at #2913 on CoinMarketCap, with a live market cap not available, and neither is the circulating nor the maximum supply.

Pi Network's Coin IOU

It’s important to highlight that Pi is currently in the Enclosed Network period of its Mainnet and has not been approved by Pi Network for listing on any exchange or for trading. Pi Network explicitly states that it is not involved in any purported postings or listings related to Pi trading.

Furthermore, Pi Network emphasizes that it is not conducting any Initial Coin Offerings (ICOs) or any form of crowdfunding, and any sales of Pi are unauthorized and have no affiliation with Pi Network. Pi Network strongly advises all Pioneers and potential Pi users against engaging with any exchanges or third-party actors, as their actions are not affiliated with Pi Network and could result in substantial loss or damage to Pi users.

In response to unauthorized exchange listings and posts, Pi Network is actively working to have these removed and is evaluating additional actions against third parties and exchanges. It is crucial to reiterate that trading Pi through an exchange is explicitly prohibited during the Enclosed Mainnet period, and doing so would be a violation of Pi’s policies.

As excitement mounts for Pi Network’s anniversary celebration, caution is urged among the community. While the surge in Coin IOU’s value is certainly exciting, it’s essential for users to exercise diligence and adhere to Pi Network’s guidelines to protect their interests and ensure the integrity of the project’s ecosystem. Stay tuned for further updates as Pi Network continues its journey towards mainstream adoption and innovation in the cryptocurrency space. Read Similar Story

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