I think everyone is shock since Huobi is considered as one of the top exchange due to its volume but offering an IOU for this questionable token without owner permission is really shady. The price doesn’t stop pumping despite all warnings for this token being not the real Pi network. Huobi and other exchange that coordinated this listing is injecting too much funds to pump the price and later on dump once retail Fomo buy. I believe there’s still few retail buyers purchasing this token which is why the price keeps surging as part of there wash trading.

I bet the price dump to 0.000000x$ will happened for a quick time once this exchange take profit.


They are claiming that they are close mainnet to cover their fancy blockchain. This project exist for many years yet they don’t have any clear achievement aside from wasting energy from the mobile cpu mining scheme.