Pi Network’s mainnet launch has led to wild price swings for its Pi token, causing market chaos. Initially valued at $1.70, the token soared to $2.00 before plummeting over 50% within two hours, now trading at approximately $0.6596. This drastic shift raises serious concerns about liquidity and investor confidence. The liquidity crisis highlights the volatility prevalent in crypto markets and the challenges that new tokens face shortly after launch. Investors are left questioning the true value of Pi and its future potential in the highly competitive cryptocurrency landscape.