TLDR
- The value of Pi Coin has plunged by 12% to $0.81, manifesting an exacerbation of weekly losses now adding up to 28%.
- There's growing apprehension among investors about Pi Network's capability to climb back above the $1 benchmark.
- Members of the community are actively petitioning the Core Team to address the delays hampering the mainnet launch and the much-anticipated Binance listing.
- Approximately 8 million tokens have been shuffled to exchanges this week, amplifying the pressure towards selling.
- Analyses indicate that Pi has the potential to rally back if it finds stability within the $0.71-$0.86 spectrum.
Confronted with a steep drop, Pi Network’s digital asset, Pi Coin (PI), has tumbled below $1, sinking by 12% to $0.81 and marking a weekly decline of 28%. This trend is driven by postponed mainnet rollout, elusive Binance listing, and escalating worries within its community about the project’s trajectory.
At this moment, Pi Coin is hovering around $0.86, a stark decline from an impressive peak nearing $3 achieved in late February 2025. From that height, over 68% of its value has vanished.
As prices continue their downward spiral, feelings of optimism among investors have dampened. Many Pi holders are left pondering the likelihood of resurgence above the crucial $1 mark any time soon. Meanwhile, trading activity has dwindled more than 30%, plunging beneath $200 million.
The primary driver behind the downward price trajectory is the unlocking and exchange transfers of a significant number of Pi tokens. A remarkable 8 million tokens were transferred just last week, leading to excessive market supply.
Token unlocks per day have decelerated markedly, sliding from 13 million to 3.8 million. This deceleration could somewhat alleviate the pressure from selling. Yet concerns persist, as another 99.3 million Pi tokens are expected to hit circulation in the ensuing month.
There's growing discontent among community members toward the Core Team's reticence about delivering essential updates. They are demanding insights into the holdups concerning mainnet rollout and Binance listing, especially as hopeful community polls closed on February 28.
Accusations have surfaced that the Core Team might be shifting from its pledge of total decentralization, potentially aligning more with larger entities. This perceived deviation has stirred unrest among the early enthusiast base, who stand behind the network’s founding vision.
Despite these hurdles, some analysts maintain a bullish outlook for Pi’s progression. Technical reviews indicate that maintaining a foothold within the $0.71-$0.86 range may allow Pi to potentially rally and approach a target of $2, signifying a notable recovery from its current standing.
Critics vs. Partnerships
The network has made headlines with a collaboration involving PiDaoSwap, a community-led platform committed to strengthening governance and transparency, a move envisioned to rekindle trust in the network’s long-term aspirations.
Pi Network has come under scrutiny from well-known voices in the crypto space. Heavyweights like Bybit CEO Ben Zhou and Cyber Capital’s Justin Bons have vocally branded Pi Network a 'scam.' Bons particularly called out its 'extreme centralization' juxtaposed against claims of decentralization.
Bons has also highlighted the prolonged five-year delay in delivering its mainnet, coupled with alleged multi-level marketing through referral schemes. He criticized the project's foundation, deeming it as 'merely Stellar’s technology in disguise.'
In a bid to tackle the pressing price issues, several analysts have proposed that the Pi Network team consider burning 60-100 million tokens. By trimming supply, it could potentially stabilize prices and reduce volatility.
Looking ahead, Pi Network's price trajectory will heavily rely on how the team navigates these pressing issues. A focus on transparency, strides towards decentralization, and optimal management of token releases will prove crucial.
Gaining foothold in major exchanges like Binance could boost liquidity and demand, and if Pi Network's vision towards becoming a reliable stablecoin for peer-to-peer transactions unfolds, some hope it might eventually reach the $10 milestone.
Nevertheless, investors are advised to tread carefully and keep a watchful eye on market dynamics. Given the inherent risks in cryptocurrency ventures, Pi Network's existing challenges are illustrative of this sector's inherent volatility.
Currently, Pi Network finds itself at a pivotal juncture, seeking price stabilization and addressing the community's apprehensions amidst continued token release activities.
