Will Pi Network Avoid OMs Fate? Expert Issues Urgent Mainnet Warning
- The Pi Network is under close watch from the cryptocurrency community after the dramatic crash of Mantra (OM).
- Dr Altcoin has urged the PiCoreTeam to take immediate action to safeguard Pi before its open mainnet launch.
- Mantra (OM) dropped from $6.32 to $0.57 in one day, erasing over 90 percent of its value.
The cryptocurrency community is closely watching the Pi Network as concern grows after the shocking crash of Mantra (OM). Dr Altcoin, a cryptocurrency expert, has urged the PiCoreTeam to implement immediate safety measures to protect the value of the Pi currency. The warning arrives at a key period for Pi as the network stands ready for its open mainnet transition, despite increasing investor involvement and system hurdles.
OM Crash Triggers Urgent Crypto Safety Calls
Mantra (OM) prices abruptly declined from $6.32 to $0.57 during a single intense market drop, diminishing investor trust. Market forces caused more than 90% value depletion of OM during one trading day, resulting in a larger than $6 billion loss. When OM collapsed, traders lost more than $400 million from their investments made within days before the market failure.
Industry experts disputed the declared reason for the market collapse from heavy selling pressure, asserting it was actually a systematic market destruction scheme. The cryptocurrency OM, which occupied the top 50 position, now draws attention for its supposed lack of market protection mechanisms. The market crash resulting from the OM incident compelled crypto stakeholders to push for better investor safeguarding mechanisms in the industry.
During the panic, billions of dollars disappeared from markets while network projects, including Pi, started preparing for market exposure. The cryptocurrency field requires new projects to establish stronger foundational components as an essential prerequisite for exposing themselves to the public markets. OMs financial collapse serves as a window into market failure when ecosystem controls are absent.
Pi Network Faces Pressure for Transparency
Dr Altcoin emphasizes that the PiCoreTeam needs to develop robust market systems before releasing its open mainnet. According to him, thorough market mechanisms will protect token reputation and value from destructive large-scale crashes. Previous warnings about Pis weak ecosystem structure have intensified to the extent that action becomes necessary.
The recent OM crashes intensified public concerns over Pis transparency, forcing PCT to initiate immediate action. A variety of coin-locking system problems, together with sluggish project review protocols, continue to trigger disputes within the network community. Efforts need to improve network communication and make decisive moves to rebuild user trust in Pis ecosystem.
Dr Altcoin emphasizes the need for rapid Know Your Business (KYB) procedures because this step will strengthen the network structure. The market will gain confidence as the approval process expands and more people get involved in community-based initiatives. The PiCoreTeam confronts an essential moment: defining how the Pi network will pursue entry into the crypto industry.
Pi Coin Rises, but Doubts Still Grow
Pi Coins price increased 30% during the past week, and the company maintained trading at nearly $0.7404 because of rising market interest. Miners doubt the existing market strength, which creates a risk of a probable price decrease. Without protective measures, analysts project Pi to reach $0.30 as confidence in the coin continues to decline.
The mainnet public release demands proactive risk management measures for certain community members. Infrastructural developments from the PCT seem to lack enough visibility, which could lead to steep price adjustments.
Read more: https://www.tronweekly.com/will-pi-network-avoid-oms-fate-expert-issues/
Text source: TronWeekly
