Essential Insights
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Current Market Decline: Pi Network’s native token, PI, has experienced a 9% decline over the past week, trading around $0.18 and significantly down 94% from its peak of $3 in February 2025.
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Broader Crypto Context: The downturn is consistent with a bearish trend in the wider crypto market influenced by geopolitical tensions between the USA and the EU.
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Positive Indicator of Self-Custody: Over 4 million PI tokens were moved from exchanges to self-custody options recently, indicating reduced selling pressure despite the token’s struggles.
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Community Concerns: Increasing criticism from the community centers on issues like prolonged KYC processes, frozen balances, and the lack of a fully operational mainnet, raising doubts about the project’s legitimacy and future.
Is Pi Network’s Price Ready to Rebound?
Pi Network’s native token, PI, recently faced significant challenges. It dropped about 9% last week, trading near $0.18. This decline comes on the heels of a dramatic 94% collapse from its peak of $3 in February 2025. Investors worry about the project’s future as bearish sentiment builds in the community.
However, not all indicators suggest a gloomy outlook. Over the past 24 hours, users transferred more than four million PI coins from exchanges to self-custody wallets. This shift could indicate confidence in the token’s long-term potential, as it reduces immediate selling pressure. Currently, roughly 419.7 million PI tokens remain on exchanges, with Gate.io holding over half.
Despite these promising signs, not everyone shares an optimistic view. Critics point to ongoing issues, including lengthy KYC processes and a lack of significant exchange listings. Comments from the community highlight concerns over an “unfinished” project and the difficulties in maintaining bullish sentiment.
Interestingly, the broader crypto market has experienced recent volatility due to geopolitical tensions. Still, some analysts believe that Pi Network’s strong community base could support a rebound, especially if market conditions improve.
To realize its value proposition, Pi Network must address these hurdles. The uniqueness of PI lies in its ability to provide a user-friendly alternative to traditional cryptocurrencies, focusing on real-life applications. As technology develops, how Pi Network navigates these challenges may prove crucial for its future.
For now, investors remain cautiously optimistic. The developments in the coming weeks may determine whether PI can backtrack from its current lows and regain the confidence of both its community and the wider market.
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