Pi Network is more dangerous than meme coins

In a recent discussion, Bebit’s CEO, Ben Zhou, said that the PI network was “more dangerous than the pieces even”.

According to Zhou’s remark, the PI network community reacted negatively, causing the note of the Bybit application on the Google Play Store at 2.7 stars.

CEO of Bybit: the PI network is more dangerous than the parts even

Zhou explained its position on the PI network and stressed that the project does not have a fully functional product. Pi Network of Pi Network has not been listed on major exchanges despite previous lists on platforms like OKX and Mexc.

In addition, Zhou stressed that its value depends largely on community expectations rather than fundamental factors. After years of development, Pi Network still does not have a fully operational blockchain. He cannot be exchanged publicly, which has raised many questions about the transparency and the real potential of the project.

According to Zhou, relying on community trust and Fomo without a tangible product represents a real danger. It creates significant risks if the project fails to reach key steps such as the launch of a MAINNET or generalized adoption. In the past, Pi Network has repeatedly delayed its main launch and its KYC processes. The project recently announced a network opened on February 20, 2025.

More recently, the project extended its deadline in KYC until March 14. However, many pioneers have reported unresolved technical problems. They call for more time to resolve them.

Given these questions, Zhou argued that the PI network is more dangerous than the parts even. Projects like Dogecoin (Doge) and Shiba Inu (Shib), while focusing on the community, have established blockchain foundations and are listed on major exchanges. This gives them greater liquidity and a clearer market value. Previously, Zhou also commented that the PI project was a scam.

Zhou’s remark on the PI network shaken the confidence of certain pioneers in the project and sparked a strong reaction from the PI network community. Many maintain that the evaluation is unfair, because the PI network is still in its development phase and, in their opinion, has an important future potential.

“The declarations of the CEO of Bybit, Ben Zhou, on the PI network, reveal a profound lack of understanding and a superficial evaluation of the cryptographic ecosystem,” said Xnakotomo user.

After this declaration, the PI network community retreated by downgrading the note of the Bybit application on the Google Play Store at 2.7 stars. Zhou has expressed hope that the PI network team will advance publicly to clarify their project rather than resorting to personal attacks or targeting the exchange.

This is not the first time that the PI community has been unleashed with exchanges for unfavorable remarks. Previously, they called to leave 1 -star prices for the Binance application after having proposed a PI vote, but then refused to list it. Capitalizing on this enthusiasm, Binance introduced a functionality allowing the community to vote on which the tokens should be listed or radiated.

Meanwhile, the Network Pi token is struggling to reach $ 2 as the lowering indicators dominate.

At the time of the press, the PI room was negotiated at $ 1.43, up less than 1% in the last 24 hours.