Pi Network Faces Expert Warnings on Open Mainnet Risks

Pi Network is preparing for its transition to an Open Mainnet and has received expert advice urging caution over potential risks. The advisory comes as the network learns from the recent OM token crash, which highlighted significant pitfalls in centralized exchange practices such as forced liquidations leading to sharp price drops. John Patrick Mullin, co-founder of MANTRA, warned that unchecked discretion by centralized exchanges could lead to sudden market dislocations. With over 19 million verified users, Pi Network's team (PiCoreTeam) has focused on building a utilities-driven ecosystem over six years and is set on executing a smooth migration. The emphasis is on preemptively addressing volatility and liquidity issues to avoid recurrence of past disruptions. The news drives a narrative of caution amid the anticipatory sentiment surrounding the network’s big transition. However, this warning serves both as an alert for immediate risks and as a reminder to implement strong risk management strategies going forward.