In the past two months, despite the continuous hot events of meme coins and airdrops of top projects, the overall market sentiment seems a bit low. The roar of bears seems faintly audible, while the footsteps of bulls are on and off. Against this backdrop, the Bitcoin ecosystem has seen a sudden surge, which currently does not seem to have any huge positives, but rather appears to be an emotional release for the community retail investors.
It is well known that a new phenomenon has emerged in the crypto world this year – the confrontation between VC (institutional) coins and meme coins, with retail and institutional players at odds. As VC coins have been on a downtrend since March, meme coins have gradually risen, and the anti-VC consensus has been spreading in the community.
Meanwhile, the recent series of operations by major exchange Binance has raised market doubts. When launching new currencies, Binance seems to have adopted a double standard, as the recently listed ZRO, ZK, OMNI, AEVO, and other currencies have all experienced a trend of sharp rises followed by sharp falls.
These VC-backed projects are all high market value, high valuation, low liquidity, and a large amount of chips waiting to be unlocked for shipment. Even though the community feedback is poor, they still receive double support from Binance spot and contract. In contrast, some projects supported by the community and retail investors with high popularity and trading volume have been unable to receive equal treatment.
With the recent doubts from retail investors about Binance and the response from Binance co-founder He Yi, the market’s anti-VC sentiment has been further intensified. As we all know, the essence of a meme is emotion and community consensus, combined with the fairness represented by the Bitcoin ecosystem. Therefore, this outbreak seems more like the concentrated reflection of retail investor sentiment, demonstrating once again the enormous power hidden in the unity of retail investors and community consensus.
In fact, this power has been fully demonstrated in both traditional finance and the crypto market. In January 2021, Wall Street witnessed the “GameStop short squeeze event,” where retail investors and institutional giants battled it out.
In the battle, institutions shorted GameStop while retail investors banded together to buy, with both sides continuously spending money. In the end, the power of retail investors forced institutions to be forced to close out their positions and buy GameStop stocks in large quantities, causing the stock price to soar. This is a classic successful case of retail investors battling institutions. This event also resonated strongly in the crypto world, giving rise to the meme coin craze in the crypto market. By establishing a decentralized, democratic, and innovative community, SHIB has become a model of community consensus power in the crypto field.
With the brewing confrontation between retail investors and institutions this year and the spread of community consensus, the trend of retail investors banding together is taking shape. The fairness represented by the Piin project, as well as the characteristics of no project party, no VC, and community autonomy, naturally align with the anti-VC narrative. Therefore, once retail investors resonate with a project and form a consensus, they can unleash tremendous market energy, with this community power being strong enough to drive the token price rapidly and trigger a market frenzy.
Furthermore, the mainstream values are undergoing a shift from the past “VC only” to “community consensus.” People are gradually realizing that the value of a project cannot solely rely on the endorsement of VCs. More importantly, it must obtain the recognition and support of the community.
In this context, Piin, as a fair distribution and fully circulated Bitcoin project, has the potential to become a rising star representing the power of retail investors.
As the Piin project originated from the Pi community, it is entirely driven by retail investors and represents the consensus and power of the grassroots masses. Piin’s vision is not only to unlock the potential of 50 million Pi community miners but also to unite the masses from all walks of life to break free from the oppression of capital and pursue financial freedom. This is a grassroots social movement involving participants from various circles and is highly compatible with the current anti-VC narrative sweeping through the crypto market.
Although Piin started late and only emerged during the second wave of Bitcoin’s rise, it has not yet experienced a real explosive growth. However, after 7-8 months of development and accumulation, Piin has already gathered a strong community consensus.
Even during a downturn in the market, the Piin community continues to grow, actively spreading awareness, and community activities are ongoing daily. Moreover, despite the high threshold, high fees, and complicated trading in the Bitcoin ecosystem, Piin continues to see continuous growth in the number of holding addresses and community members.
From a data perspective, Piin currently has 17,000 holding addresses and is still growing, and with a market value of only 20 million, its future growth potential is very considerable. Especially considering the potential user base of over 55 million in the Pi community, this opens up infinite possibilities for the future of Piin.
More importantly, the Piin community has recently made a major decision – to enter the Solana ecosystem, which means that Piin will reach a massive potential user base in the crypto world and open up a broader market space.
As the public chain with the most incremental funds in this round of the bull market, Solana has low transaction fees, a lower purchase threshold, and a huge active user base, making it a hotbed for many meme and Web3 projects and investors.
In addition, the Solana ecosystem has recently seen the emergence of many phenomenal meme coins, many of which have seen hundreds or even thousands of times in price increases, further stimulating Solana users’ pursuit of potential meme coins and providing an excellent external environment for the development of Piin.
It is worth mentioning that the Piin community has shown remarkable execution in promoting the cross-chain Solana strategy. Despite its recent introduction, with the active response and joint efforts of community members, Piin’s liquidity pool on Solana has already taken shape. This paves the way for the entry of funds into the Solana ecosystem and marks a phase of success for Piin’s cross-chain strategy.
At the same time, through the joint efforts of community volunteers, Piin has been listed on major mainstream cryptocurrency market websites used by crypto users, including CoinMarketCap, Dex Screener, Ave, and others. This means that Piin’s project information and related data will be seen by more potential users, further increasing Piin’s exposure in the crypto market.
To further enhance the influence and visibility of Piin, community volunteers are actively exploring how to attract Solana users. Through research into the successful history of meme coins, it has been found that promoting via social media channels can have a huge impact. Especially on Twitter, a key battleground for the crypto community, the promotion value is self-evident.
Twitter, as an important global social media platform with over 540 million monthly active users, is a gathering place for KOLs and important figures in the crypto field. Figures like Tesla CEO Elon Musk and Ethereum founder Vitalik Buterin are active on Twitter. Twitter is also an important channel for the release of crypto project announcements, understanding market trends, project progress, and exchanging views.
For meme coins that rely on viral transmission, their value depends to a large extent on community activity and social media exposure, making the promotional value of Twitter even more obvious.
Based on this understanding, the Piin community has identified Twitter promotion as a key strategic lever to attract crypto players and enhance project visibility. Specifically, it can be achieved through registering a Twitter account, following crypto users for interaction, such as likes, retweets, posting, and commenting under the posts of influencers, to spread Piin’s cultural values.
Currently, Piin has set up a dedicated promotion group to provide systematic promotion guidance and material support for community members. This includes sharing tweets from major crypto influencers in the Telegram group, allowing members to directly click on the links to Twitter and view Piin’s information.
By concentrating on these influencers’ tweet comment sections, Piin can quickly increase its exposure using their influence and attract the attention of more potential users. After all, when Piin’s presence appears frequently in the comment sections of various influencers, it will undoubtedly arouse more curiosity and interest, prompting people to actively seek out project information.
At present, Piin is at a new starting point, and in order to let more people know about Piin, we still need active participation from the Piin community in the ranks of Twitter promotion, to contribute to Piin’s development. Only by uniting a large number of people and gathering the strength of the community can Piin’s “voice” on Twitter be amplified and attract more users’ attention and participation.
The crypto market is also entering a new era led by the community and the rise of retail investors, and we are standing at the forefront of this era. Let’s seize this opportunity and use practical actions to write a brilliant chapter for Piin.
