First of all, let's not call that "mining" because that's not how mining works. You are using a free app to get some coins every second or minute. It is basically a rewarding system where your earning rate goes higher when you refer other people, and then they refer other people, etc. So, that's earning and not mining.

Returning to its listing and the hype, wasn't this hype expected after the project asked people to keep earning and referring people to the platform? You can imagine how large of an audience they must have reached in this period, and now all those people who kept clicking that button once a day for all those years are eager to find out what they are going to get for their efforts and the wait.

People are buying 1 PI for more than $1.5 at the moment in OTC deals, but I have a feeling that such people are going to lose a lot of money.