The Pipe Network Mainnet is online and has experienced a big dump! The PIPE Token has plummeted by 30% in a single day, revealing the truth.

The decentralized content delivery network Pipe Network went live on the Mainnet on October 8, simultaneously launching the PIPE Token; however, it encountered a 30% big dump on the first day of trading. The PIPE Opening Price was $0.30, dropping to a low of $0.20, and currently stabilizing at $0.25. Market panic stemmed from early holders taking profits and rumors of latency in Node rewards, and despite endorsements from the founder of Solana and $17 million in funding support, it failed to stop the dumping.

PIPE Token Launch Day Price Trend Analysis

On October 8, the Pipe Network Mainnet was launched, simultaneously starting the Token Generation Event (TGE), with PIPE tokens available for trading on multiple major trading platforms. The opening price was set at $0.30, but within just a few hours of trading, it quickly dropped to $0.20, a decline of 33%. Subsequently, the price recovered somewhat, stabilizing around $0.23 as of the time of publication on October 9.

Market analysts point out that the recent price fluctuations are mainly influenced by two factors: first, the typical "launch peak" effect, where early testnet participants and airdrop recipients choose to take profits at the moment of highest liquidity; second, reports have emerged within the community regarding latency in reward distribution for node operators and certain users. Although these cases may be related to the complexity of the points conversion technology prior to the TGE, the rumors still have a negative impact on market sentiment.

Details of Multi-Exchange Synchronization Launch

The PIPE Token adopts a multi-platform simultaneous launch strategy, covering both centralized and decentralized exchanges:

Gate: Provides PIPE/USDT spot trading pair

Multiple DEXs: Raydium, Orca, and other Solana ecosystem DEXs provide liquidity pools.

This comprehensive online strategy has improved initial liquidity but also provides early holders with a convenient channel for quick cashing out.

Pipe Network Mainnet Launch: Challenging Traditional CDN Giants

Pipe Network is a decentralized content delivery network (CDN) built on the Solana blockchain, operating under the DePIN (Decentralized Physical Infrastructure) model. The core team members of the project come from Amazon Web Services (AWS) and are dedicated to breaking the monopoly of traditional CDN giants like Cloudflare, Fastly, and Akamai through a distributed network of Points of Presence (PoP) nodes.

David Rhodus, founder of Permission Labs and core contributor of Pipe Network, stated: "Our CDN is ready to compete head-on with global Web2 giants, with performance and edge uptime being the traditional weaknesses of existing enterprises."

Core Technical Advantage Data

According to the test network operation data before the launch of the Pipe Network Mainnet, the project demonstrates significant technical advantages:

Node Scale: 290,000 PoP access points distributed globally

Data Transmission Volume: Cumulative transmission exceeds 60 PB of data

Latency reduction: Approximately 70% reduction compared to traditional CDN.

Cost Advantage: Cost efficiency improved by about 100 times.

Token burn: During the testnet period, test tokens worth approximately 2.5 million USD have been burned.

In terms of technical architecture, Pipe integrates Jito's Node Consensus Network (NCN) as an economic security layer, equivalent to re-staking the staked SOL pool, without the need to establish an independent validator set. Node operators need to stake PIPE tokens to participate in network operations and receive rewards based on the provided bandwidth and uptime.

Rewards latency rumors trigger market panic

According to the PIPE tokenomics design, the total supply is 1 billion tokens, of which 100 million tokens (10%) are allocated to early testnet users and node operators. However, after the Pipe Network mainnet launch and TGE execution, some users and node operators in the community reported delays in reward payments.

The project party has not yet issued an official statement on this, but industry insiders analyze that the delay may be related to the following technical factors:

Complexity of Points Conversion: Converting testnet rewards points to Mainnet PIPE Token involves a large number of on-chain operations.

KYC Verification Process: Users in certain regions must complete compliance verification to receive tokens.

Smart Contract Gradual Release: To prevent excessive selling pressure in the market, a phased release mechanism may be adopted.

Although these latency reports seem to be isolated cases, and the project has the endorsement of Solana co-founder Anatoly Yakovenko and several top institutions, rumors still lead to cautious market sentiment and dumping behavior under conditions of information opacity.

Solana ecosystem support: $17 million financing lineup

The launch of the Pipe Network Mainnet is backed by strong capital and ecological support. The project has disclosed that it has completed approximately $17 million in financing, with an investment lineup that includes:

Angel Investor: Solana co-founder Anatoly Yakovenko

Institutional Investors: Solana Ventures, Multicoin Capital, Robot Ventures

Individual Investors: Renowned crypto analyst Meltem Demirors

Such an investment portfolio not only brings financial support but also symbolizes the deep integration of Pipe Network into the Solana ecosystem. The project flagship CDN has been used to store snapshot states and complete historical proof dataset of the Solana network ledger, totaling approximately 1.5 PB of storage, with an outbound traffic of about 100 TB daily.

Pipe Network Business Prospects and Future Plans

Despite the poor performance of the PIPE Token on its first day of launch, analysts are still optimistic about the project's business prospects. According to a report by Blockworks Research analyst Nick Carpinito, Pipe Network is expected to achieve annual revenue of at least $55 million, with a target of reaching $100 million in annual recurring revenue (ARR) by the end of 2025.

Sources of income include:

CDN Service Fee: Websites, video streaming, and applications use Pipe network to pay with PIPE tokens.

Firestarter Storage: Decentralized storage product launched at the end of July

AI Traffic Monetization via Proxies: Traditional CDNs hinder AI crawler traffic due to cost and copyright issues.

In terms of expansion strategy, Pipe targets emerging markets with high bandwidth costs, including regions such as South Korea, India, and Egypt. The DePIN model allows it to flexibly mobilize idle resources from local independent node operators, achieving scale expansion in areas where traditional CDN costs are too high.

The future technology roadmap includes a plan for Pipe to collaborate with Jito to launch a liquid staking delegation plan. Based on the bandwidth and normal uptime provided by the nodes, the staked PIPE will be directed to high-performance PoP nodes to establish a positive incentive mechanism.