We can infer from the Coinmaketcap price data that it is not the same among the exchanges that are listing Pi tokens, we can judge that this is clearly a manipulation that is blatantly obvious.
Im sure thise user that buying this IOU tokens are those users that holding the real Pi and just hype to buy more on exchange along with the wash trading given by XT and Huobi that obviously coordinates this pump and dump scheme.
What about the fate of the Pi token community that mines from their phones? While the application has been downloaded more than 50 million and how many tokens have been generated over the past few years?
It is clear that in my opinion the mainnet will not be the same later as the coins that have been traded and for those communities who mine from mobile phones maybe it will only be used by Pi developers who are even more popular.
I have no interest in Pi tokens at all, and always remind those close to me who believe too much in Pi to be aware of this token scam.