Bybit CEO, Ben Zhou, has rejected the idea of listing the Pi Network (PI) token, raising doubts about the project's legitimacy. This decision comes after OKX listed the token, leading to debates within the crypto community. While some view Pi Network as a promising decentralized concept, others question its referral-based mining and delayed mainnet launch. Despite OKX's listing, Bybit's CEO cited past financial disputes as a reason for refusing to add PI to the exchange. Pi Network's upcoming mainnet launch in 2025 has also faced delays with KYC verification, causing frustration among users. Experts warn of a potential "pump-and-dump" scenario as early miners may cash in when outside transactions go live, potentially leading to price volatility. Nevertheless, Pi Network has a large and dedicated user base, with over 10 million verified members. The success of the mainnet launch will determine whether the project's vision proves to be correct or if it triggers a massive sell-off.



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