Pi Network's Pi coin once broke through $300, and Huobi is hosting a trading competition! Pi Network official: Participating in trading may result in losses.

The Huobi cryptocurrency exchange announced on 12/26 that it is closely monitoring the updates of the Pi Network mainnet and will conduct a review of Pi Network as soon as the mainnet upgrade is successful. With this news, the Pi coin, which gained popularity in 2019 for its "mobile mining" concept, has once again sparked intense discussions in the community, leaving many curious about whether the Pi Network mainnet is indeed about to go live.

Pi Network Official Response

Although the Huobi exchange is currently gaining popularity, this action has also prompted an official response from Pi Network. Pi Network stated:

"Pi coins are within a closed mainnet and are not allowed to be linked externally. Pi Network does not belong to or authorize any exchange to list it. The listing behavior may not be able to operate on the real Pi and participants may incur losses."

Pi is in Enclosed Mainnet with no external connectivity permitted. Pi Network isn’t affiliated with and hasn’t authorized any exchange listing. Such listings may not operate on real Pi. Participation may result in loss. Trust only official Pi channels: https://t.co/BZtL2zQOrj

— Pi Network (@PiCoreTeam) December 29, 2022

Just as Pi Network's official response indicates, it is currently unclear what lies behind the trading pairs of Huobi Pi. If you wish to participate in trading activities, caution is advised.