Impinj

113.45

-2.1900-1.89%

Post-market: 113.450.00000.00%19:57 EDT

Volume:460.74K

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Market Cap:3.29B

PE:-1.47K

High:119.45

Open:118.62

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Pi Network faces backlash as users report missing tokens despite KYC completion and mainnet migration 8 seconds ago

cryptonews

·

3 hours ago

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Rather than easing concerns, the update sparked renewed outrage. Many users, who claim they followed every instruction from the Pi Core Team, say their wallets still show zero balance.Several posts on X highlight blank wallets, prompting allegations of technical failure and even accusations of a scam. One particularly vocal user, Haifeng Chen, summed up the mood in a heated reply to a post by Pi Network, stating; “Give me back that damn Pi. I’ve worked hard for six years. You still haven’t mapped it. What’s the delay?”His frustration was echoed by others who reported repeated delays and a lack of transparency from the team. 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Some of the top coins to watch will be Flare , Aptos , and Pi Network .In addition, its ecosystem is experiencing strong growth, with the total value locked at $188 million, up from $51 million in January. Also, its stablecoin market cap has jumped to $150 million from $5.2 million in May.Aptos, a top layer-1 blockchain network, will be in focus this week as it unlocks tokens worth $53 million, equivalent to 1.8% of its float. Also, the market cap of all stablecoins in the network has jumped to a record high of $1.32 billion.Aptos token will likely remain in this range, and possibly bounce back to the upper side of the range at $6. 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The fading bullish momentum in the broader market, coupled with decreasing investor confidence, is contributing to the decline.As a result, the Pi Network price is struggling to regain upward momentum, and it is at risk of falling below the critical $0.60 mark.The Relative Strength Index  for Pi Network has been stuck in the bearish zone below the neutral mark since the end of May. The RSI has continued to fall deeper into this zone, indicating that negative momentum is strengthening.On the other hand, if P","market":"us","thumbnail":"https://beincrypto.com/wp-content/uploads/2025/03/bic_Pi_network_2-covers_bearish-850x478.jpg.optimal.jpg","type":0,"news_type":0,"thumbnails":["https://beincrypto.com/wp-content/uploads/2025/03/bic_Pi_network_2-covers_bearish-850x478.jpg.optimal.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://beincrypto.com/pi-network-loses-price-faces-crash/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"beincrypto_highlight","symbols":["PI","RSI","LU1878469433.USD","BK4141","BK4150"],"gpt_icon":0},{"id":"2541500821","title":"Avoid Pi Network and buy these deflationary altcoins instead","url":"https://stock-news.laohu8.com/highlight/detail?id=2541500821","media":"CoinMarketCap","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2541500821?lang=en_us&edition=fundamental","pubTime":"2025-06-06 02:39","pubTimestamp":1749148787,"startTime":"0","endTime":"0","summary":"Pi Network price has crashed from its all-time high following its mainnet launch in February.Pi coin  dropped to $0.62 on Thursday, down 62% from its highest point this year and 80% from its all-time high.One of the primary drivers of the ongoing crash is token inflation, with millions of coins being unlocked daily. Estimates suggest that more than 1.5 billion PI tokens will be unlocked over the next 12 months, adding significant downward pressure on price.In contrast, deflationary altcoins, which reduce their circulating supply through mechanisms like token burns, are gaining attention. Here are some of the top blue-chip deflationary altcoins to consider.Binance Coin  is one of the most deflationary altcoins to buy because of its real-time and quarterly token burns. Its real-time burn involves incinerating a portion of the gas fees in its network. Data shows that the approach has burned tokens worth over $172 million over time.You might also like:  Shiba Inu price at risk of deeper 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