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Pi Network’s native token has reached a new all-time high after its mainnet launch, with a 30% increase in the past 24 hours and nearly 200% over the week. Despite concerns about its legitimacy, Pi’s trading volume has surpassed $3.5 billion. Critics claim Pi resembles a pyramid scheme, but the project denies fraud allegations and emphasizes its six-year development history and active user base. CEO Simon Dedic predicts a 99% price drop for Pi’s token over time.
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