NOIDA (CoinChapter.com)— Concerns are mounting within the community as the grace period for Pi Network nears its end. With just days remaining for users to verify their accounts, anxiety is growing over potential losses for those who fail to comply. The looming deadline has intensified scrutiny on the network, raising questions about the platform’s priorities and user security.
Silence Amidst a Scam Scare
In a worrying development, a scam tweet promising a Pi Network airdrop has surfaced, raising alarms across the community. The tweet, likely posted from an account impersonating an official Pi Network partner, promises free Pi coins to users who complete specific tasks.
The tweet’s fraudulent nature is apparent, with exaggerated claims and a suspiciously simplistic process for obtaining rewards. Yet, despite the clear threat to its user base, the Pi Network team remained silent.
This lack of response is troubling, especially as it comes at a critical time when the community is already on edge due to the approaching grace period deadline. The Pi Network team failed to issue a public warning or take immediate action to address the scam.
The Pi Network team’s inaction over such issues raises questions about their commitment to investor safety.
Moreover, instead of prioritizing user security, the team focused more on rolling out marketing campaigns and user interface updates. While the Pi Network’s official channels trumpet their Fireside Forum’s latest enhancements, they fail to address the growing concerns about investor safety.
The team’s priorities seem misplaced. They focus on flashy updates and promotional activities instead of user security, leaving the community vulnerable to scams.
PI Coin (IOU) Price Takes A Slight Dip
Meanwhile, the PI USDT pair’s IOU price diverged from its usual crabbing movement to take a slight dip. PI coin price spiked nearly 3.5% to reach a daily high near $34.95 before paring nearly all its gains.
If the downtrend continues, the Pi Network token price might drop to the support level near $32. A further downtrend might force the Pi coin price to test the support level near $29.7.
On the other hand, an uptrend in the prices of the yet-to-launch and, thus, ‘make believe‘ token could rally to the resistance near $36, flipping which would set PI coin price target the resistance near $39.2 before retreating.
The RSI remained hopelessly neutral, with a score of 40.51 on the daily charts.
