Rumors of Large Investment by Bex Wallet – Is it Anticipation for Pi Network?
One of the recent topics concerning Pi Network is the rumor that interest from large investors is increasing. Particularly noteworthy within the community is the rumor of activity related to a wallet provider called Bex Wallet.
Information on Purchase of Pi Coin Worth 19 Million USD (Unconfirmed)
According to some sources, there is talk that Bex Wallet purchased as much as 19 million US dollars (equivalent to approximately 30 million Pi coins) worth of Pi coins. If this were true, it would be a very large amount and could be interpreted as a strong expression of expectation for the future of Pi Network. This is because it is unlikely that an investor would invest such a large sum in a project with an uncertain future. However, it is important to note that this information is currently not officially confirmed and is in the stage of rumors based on information within the community or specific sources. We need to wait for future official announcements to determine the truth and background of whether a company like Bex Wallet is truly investing.
Even if a purchase occurred, it is unclear whether the coins were provided directly by the Pi Core Team or acquired through existing exchanges (handling IOU).
Information on Bex Wallet and KYC Process (Unconfirmed)
Also, as some information, there are reports that users who had problems with the final step of KYC (Know Your Customer) were able to complete the process relatively quickly (some sources say about 5 minutes) through Bex Wallet. This is also not information confirmed as an official collaboration or function, but if true, it might be information of interest to some users who are facing challenges with KYC.
Price Fluctuations and Market Sentiment – How Should Pioneers Act?
In the current Pi Network market, various speculations are intertwined.
People Waiting for Price Decline
Some people seem to be thinking, “I’ll buy if the price of Pi coin drops to 0.3 dollars.” However, among experts and those with a long-term perspective, there is also the view that if the ecosystem that Pi Network aims for is realized, the possibility of such a low price decline is low. The strategy of waiting for an opportunity to buy at a low price should also consider the possibility of missing the opportunity as a result.
Expectation for Price Increase and Importance of Ecosystem
On the other hand, some people may be thinking of selling when the price rises. However, the true value of Pi Network is not just short-term fluctuations. Its unique utility ecosystem is considered to be the foundation of its long-term value.
The price fluctuations currently seen on some exchanges, such as rising to around 0.66 dollars and then trading between 0.55 and 0.60 dollars, can show relatively large movements. This is thought to be due to the influence of large buy or sell orders, market liquidity, etc., but these do not guarantee the actual price of Pi coin after the mainnet launch.
Most Important Task: Development and Launch of Utility Applications
One of the most important factors when talking about the future of Pi Network is the large number of utility applications that are said to be under development.
Core App Group of the Ecosystem
Pi Network is not just a cryptocurrency project; it aims to build a broad ecosystem to make Pi coin exchangeable for real-world goods and services. At the center of this are various applications being created in collaboration with the developer community. These are intended to function on the Pi Network platform and increase the usefulness of Pi coin.
These applications are expected to include practical ones that people use daily. If concept apps like “Map of Pi” (store search/payment related) and “Pi2Go” (travel related) become fully operational and are used by many users, economic activity using Pi coin will become active, potentially leading to an increase in the value of the entire ecosystem.
Expectation for Development and Launch
Currently, many Pioneers are eagerly awaiting when these applications will become fully available. It is expected that if the development and practical implementation of these application groups are successful, the use cases for Pi coin will expand, contributing significantly to the increase in the value of the entire ecosystem. This will be an important factor in the formation of actual value after the mainnet launch.
Future Outlook and Advice for Pioneers
Pi Network is currently seen as steadily progressing with development, but its pace is sometimes described as like a “turtle’s walk.” However, significant changes are expected ahead.
Possibility of Exchange Listing and Coin Burn
Regarding the listing on Binance, the world’s largest cryptocurrency exchange, expectations are high within the community, but Binance has only indicated general listing criteria and has not expressed specific commitments tailored to Pi Network. Whether a listing will be realized depends on the future progress of the Pi Network project and Binance’s decision.
Also, within the community and some information, there are expectations and speculations that Pi Network may conduct a coin burn in the future. If implemented, it would reduce the supply and increase scarcity, potentially affecting the price, but this is also not an officially announced plan.
The Concept of GCV (Global Consensus Value)
Beyond price, some parts of the Pioneer community emphasize the concept of GCV (Global Consensus Value). This is a movement aiming for a value standard for Pi coin agreed upon by the community (e.g., 1 Pi = $314,159, various proposals exist). The point of trying to establish a unique value standard supported by the community, not just the price in fiat currency, is also one of the characteristics of Pi Network.
Message to Pioneers: Patience, Long-Term Perspective, and Information Literacy
Currently, Pi Network is in many important stages, including application development, preparation for mainnet migration, and ecosystem building. These are ongoing in the backend and are expected to eventually take concrete form.
Therefore, it is important to have a long-term perspective and not be swayed by short-term price information or unconfirmed rumors. It is also required to distinguish between official announcements and rumors or speculations within the community, and to watch the project’s progress with information literacy. You may feel the urge to sell immediately, but understanding the project’s potential and risks, patiently holding the coins (Hold) is also one option.
Summary
Pi Network is a noteworthy project where various information is intertwined, such as rumors of large investments (unconfirmed) and expectations for the development of numerous applications. The price fluctuates, but its true value depends on the utility ecosystem that will be built and put into practical use from now on. Topics like listing on Binance and coin burn are also largely in the realm of speculation at this point.
For all Pioneers, it is wise to prioritize official information, be cautious with unconfirmed information, and patiently and calmly watch the long-term vision and development status of Pi Network. Let’s keep an eye on future official announcements and the concrete progress of the ecosystem.