Most of the investors are getting wiser. And with this pi coin, most that have got it from the airdrop were mostly sold already. They don't want to get in again and that's free money for them. If someone that have earned from the airdrop and wanting to reinvest it to the same coin, they're wasting the profit that they have made. It is unwise to reinvest but that's them, if they see that there is something good that's coming on this project, proceed. But sure, like what you've said that their money is going to get busted and will be put into waste or maybe, we're wrong.
This big company is too slow in handling everything and I am most surprised that a project of this size has taken so many years, especially for investors and airdrops who have been waiting for the results of this project for a long time. We see now that the market hasn't seen any progress!
The market has progressed but this project didn't. While the airdrop people that have taken their rewards out of this project will never look back on it anymore. The investors who have been waiting for a pump might continue to wait for nothing. I also think some airdrop receivers have held this coin in belief that it's going to be rewarding but it's the opposite.