3 hours ago
TL;DR Pi Network has once again extended the Grace Period, sparking concerns over the lack of progress. While doubts persist, the project continues to attract new users, with strong adoption in countries like South Korea and India. Nothing Surprising The team behind Pi Network extended the deadline for Know-Your-Customer (KYC) verifications and migration to the mainnet to February 28, 2025. The move aims to provide users with “additional time and opportunity to secure their Pi.” The previous deadline for completing the aforementioned procedures (known as the Grace Period) was moved several times and was eventually set for today (January 31). In addition to the constant delays, Pi Network has yet to launch its native token and open mainnet (despite being around for almost six years), which has triggered frustration across the community, and some members have even described the project as a scam. Meanwhile, the developers explained that the latest extension operates independently of the Open Network launch timeline. “It is possible that Open Network could occur before or after the Grace Period ends and upholds the Grace Period’s core objectives of fairness and accessibility. Submit your KYC application and complete your Mainnet Checklist by February 28, 2025 , to avoid any forfeiture,” the announcement reads. Pi Network has previously indicated that the Open Network will see the light of day in Q1 2025. Somewhat expectedly, though, many people have their doubts that this will be the case , expecting further delays instead of actual progress. The Popularity is on the Rise Contrary to the surrounding uncertainty, Pi Network continues to attract new members to its ecosystem. Pi News recently posted photos from a Megha Event in India, during which local supporters gathered to discuss the project. Pi Network has become well-known in many countries across the globe , establishing a stronghold in Asia. Nations where it has gained widespread popularity include South Korea, Vietnam, Singapore, Japan, China, and others. Last year, Wu Blockchain revealed that the number of Pi Network users in South Korea crossed 1.3 million, which exceeds the local client base of leading crypto exchanges like Binance and Coinbase. In fact, the only two domestic cryptocurrency-related entities with more users are Upbit (4.36 million) and Bithumb (2.24 million). The post Important Pi Network (PI) Update: Users Are Losing Patience appeared first on CryptoPotato .
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Musk It: The Next Big Meme Coin with an Unmatched Connection to the Musk Legacy
Dubai, United Arab Emirates, January 31st, 2025, Chainwire Following a recent article in Fortune Magazine, Musk It has sparked speculation as the next breakout memecoin, driven by its undeniable ties to the Musk family. While Elon Musk has yet to officially endorse a token , history suggests that when he does, the results can be explosive. Could Musk It be the one to carry that legacy forward? The Musk Factor: Exploring Musk It’s Connection to Elon Elon Musk has made it clear that he’s a fan of memecoins , single-handedly pushing Dogecoin to unprecedented heights. While he hasn’t officially commented on Musk It yet, his father Errol Musk has embraced the project , and that connection alone fuels speculation that Elon and Kimbal could be paying attention. After all, if there’s one thing the crypto world knows, it’s that Elon moves markets —and anything remotely tied to his name has explosive potential. Dogecoin started as a joke, then skyrocketed to a $60 billion market cap . Shiba Inu (SHIB) followed suit, peaking at $40 billion . Floki, PEPE, and countless others have turned early adopters into millionaires. What do they all have in common? A strong community, a compelling story, and viral potential. Musk It has all three—and then some. A Coin with Family Ties Musk It is being positioned as the Musk family coin , and while Errol Musk has publicly endorsed it , the bigger question remains: Could Kimbal or Elon step in? In December 2024, Errol Musk met with Kimbal Musk in Dubai , a meeting that has left crypto enthusiasts speculating whether Kimbal might take an interest in Musk It. Given Kimbal’s entrepreneurial spirit and past involvement in innovative projects, his potential endorsement could be a game-changer. And if Elon ever tweets about Musk It? That could be the catalyst that propels it to Doge-level dominance. Risk-Adjusted Gains: Evaluating Musk It’s Growth Potential Musk It stands at a $10 million market cap compared to Dogecoin’s $60 billion . That’s a massive risk-adjusted ratio—a potential 6000x upside if Musk It follows a similar trajectory. For those looking for the next viral, community-driven crypto project , Musk It presents a unique opportunity. With undeniable ties to the Musk family and speculation swirling around potential future endorsements, the project continues to attract attention. About Musk It Musk It is more than just a meme coin—it’s a movement. A mindset that embodies taking bold action, breaking barriers, and achieving greatness. Inspired by the revolutionary spirit of innovation and efficiency, Musk It represents the drive to do things better, challenge the status quo, and redefine success. With over 40,000 holders already holding Musk It, its expanding community reflects its growing presence. Unlike traditional meme coin, which is meant only to embody an idea, Musk It is backed by the Musk Family and will serve as the official coin of Errol’s Musk Institute. Musk It: the coin for those who don’t let anything stand in their way. Musk Family Endorsed and Approved. Official Links: Website: https://www.muskit.io/ Telegram: https://t.me/JustMusk_It X: https://x.com/JustMuskIt Dexscreener: https://dexscreener.com/solana/Hd8LeEdJsspSJAJm15nmpFjQdntn1ZpBFV35ppRDrevE Contact Cognitio Strategies Musk It contact@cognitiostrategies.io Crypto Potato
Pump.fun Faces Class Action Lawsuit Over Alleged Unregistered Securities Sales
The Solana-based meme coin platform allegedly operated an unauthorized securities exchange, court documents reveal. Crypto Potato
