Pi Network’s 90% Price Crash: Crypto Analyst Calls Collapse a ‘Rug Pull’

The Pi Network is facing a challenging moment as 15.7 million tokens have recently exited the OKX exchange, raising concerns about its price stability. Following a significant drop of nearly 20% on September 22, the cryptocurrency has struggled to maintain its value, slipping below the $0.30-0.35 range. This situation is critical as an additional 119 million tokens are set to unlock this month, which could further impact the market dynamics. Investors are watching closely to see if the price can recover or if it will continue to decline.

Pi Network is gearing up for an exciting October as its price stabilizes around $0.26, with significant events like the 2025 Hackathon and a grassroots GCV conference on the horizon. This momentum is crucial for the community of 'Pioneers' as it could lead to increased engagement and investment in the network, making it a pivotal moment for Pi's future.

Alex Fazel, a founding partner of SwissBorg, has shared an optimistic outlook on the cryptocurrency market, predicting a significant altcoin cycle that could lead to generational wealth. In a recent interview with Altcoin Daily, he discussed how a combination of a strengthening business cycle, relaxed monetary policies, and advancements in technology, particularly in crypto/Web3 and artificial intelligence, are setting the stage for this potential bull phase. This insight is crucial for investors looking to navigate the evolving landscape of digital currencies.

BNB is experiencing a remarkable surge, recently surpassing the $1,000 mark and entering a new phase of price discovery. This bullish momentum is significant as it indicates strong investor confidence and potential for further gains, with Fibonacci extension targets suggesting a possible rise to $1,570. Such developments are crucial for the cryptocurrency market, as they can influence trading strategies and investor sentiment.

Bitcoin has once again made headlines by reaching a new all-time high of $125,899, driven by tightening supply and increasing demand. This surge not only highlights the growing acceptance of cryptocurrency in mainstream finance but also reflects investor confidence in digital assets as a hedge against inflation. As more people turn to Bitcoin for investment, this milestone could signal a shift in the financial landscape, making it an exciting time for both seasoned investors and newcomers.

Plume Network has achieved SEC transfer agent status, allowing it to manage tokenized securities under U.S. law. This is a significant milestone as it paves the way for integrating traditional finance with blockchain technology, potentially revolutionizing how financial markets operate. By bridging these two worlds, Plume could enhance transparency and efficiency in trading, making it an exciting development for investors and the financial industry.

Plume has achieved a significant milestone by becoming an SEC-approved transfer agent, which allows it to provide compliant recordkeeping and trade tracking for tokenized assets. This development is crucial as it positions Plume at the forefront of the digital asset industry, ensuring that transactions adhere to U.S. regulatory standards. This approval not only enhances trust in tokenized securities but also opens up new opportunities for investors and companies looking to navigate the evolving landscape of digital finance.

Grayscale has just launched staking services for its Ethereum and Solana products, marking a significant step in the cryptocurrency investment landscape. This move allows investors to earn rewards on their holdings, enhancing the appeal of these digital assets. With the growing interest in staking as a way to generate passive income, Grayscale's initiative could attract more investors to the crypto market, potentially boosting the overall ecosystem.