The Pi Network coin dipped to $0.46 today, slipping 6% in the past 24 hours. Yet trading volume jumped to $20 million, up 80% over the same period. That mix of a price drop and a big volume rise often points to traders testing the waters rather than rushing in or out. Related Reading: Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout Pi Network Volume Spike Signals Fresh Interest According to on-chain data, weekly gains of 1.1% suggest renewed curiosity around the Pi Network token. Its recent push past $0.48 may have drawn eyes back to the network. A big swell in transfers shows people shifting coins more than usual, even if the price isn’t following the same upward path. In the past few days, two separate moves of exactly 3.14 Pi have caught attention. Those small transfers tie back to the project’s namesake, the number π. Based on reports, these sent-outs came from a single wallet—labeled GASWBD…—which also withdrew over 10 million Pi in just six days. That same address links to about 320 million Pi in earlier activity, leading many to wonder if a big miner, an institutional backer, or someone from the Pi team is behind it. ???? 3.14 Pi Withdrawn — Twice in One Day: A Signal Echoing Across the Pi Network ???? The Numbers Are Speaking. Are You Listening? ⸻ ???? In a moment that sent chills through the Pi Network community, a mysterious wallet — GASWBD…J2AODM — made not one, but two withdrawals of… pic.twitter.com/eoLnHeJi0k — Mr Spock ???? (@MrSpockApe) July 10, 2025 Symbolic Transactions Stir Speculation The timing of these 3.14 moves matters. They arrived just as the price flirted with the psychological $0.48 mark. Some community members see the transfers as a rallying call, a nod back to Pi’s roots. Traders, though, tend to watch those numbers for clues of real buying or selling pressure. So far, the pattern looks more like a planned message than a panic sell‑off. Talk of a mainnet rollout or fresh exchange pairings has spread across forums. People point to the organized nature of the withdrawals as proof that bigger plans are underway. They hint that big news might be on the way—maybe new partners or additions that bring Pi out of its test network and into mainline usability. Forecast: Caution Ahead According to current forecasts, the value of Pi could decrease to $ 0.35 by August 11, 2025, a decline of 25%. Technical indicators are showing Bearish, and the Fear & Greed Index for the market is at 79 (Extreme Greed). Related Reading: Don’t Hold Back—Expert Recommends Full Stake In XRP Pi experienced 11 green days in the past 30 (37%) and recorded 9% price fluctuation over that time. That breakdown between high excitement and bearish direction is a picture of conflicting indicators for anyone considering getting on board now. So far, Pi Network is a project generating hope and skepticism. The $208 million volume increase indicates that people are indeed taking notice. But the prediction and on-chain activity suggest caution may be advisable until stronger milestones emerge. Featured image from Jeffrey Coolidge/Getty Images, chart from TradingView
As Pi Network prepares for its June 28 mainnet migration, several users are facing KYC failures and wallet errors, raising concerns about the platform’s readiness for open blockchain adoption.
Pi Network members are becoming increasingly agitated after they found zero balances of their tokens in their wallets. They went through KYC verifications and switched to mainnet as directed. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says However, numerous users find nothing in their accounts. The problem has caused a wave of complaints on the internet and a call for concrete explanations. Users Report Missing Pi Balances According to community reports, hundreds of posts show zero tokens even after following every step. Some users say they waited days. Others say they’ve waited weeks. All of them finished KYC and locked in their accounts on mainnet. Yet their wallets still read “0.00 Pi.” The lack of visible tokens has left many feeling shut out. Stop talking nonsense. I don’t want to hear it. Give me back that damn $Pi. I’ve worked hard for six years. You still haven’t mapped it for me until now. What’s your reason for constantly delaying? Mapping is the right of every pioneer. Hurry up and map it #Pinetwork Oh my god. pic.twitter.com/FBQiWAPtwF — HaiFeng Chen (@haifeng8283) June 5, 2025 Wallet Confusion Deepens Concern Based on reports, some accounts now link to more than one wallet address. That has users scratching their heads. One person found two wallets under the same profile. Another spotted three. It’s raising questions over how safe the system is. Users are worried they might lose tokens or fall into a trap. Foundation Moves 277 Million Pi Coins Blockchain data shows that the Pi Foundation’s wallet ending in “ODM” transferred 276,500,000 Pi coins recently. A withdrawal of 7,380,000 Pi by the same address happened today. According to on-chain records, weekly withdrawals of large amounts have taken place from OKX exchange. The purpose of these moves remains unexplained by the Pi Core Team. Community Demands Clear Answers Community members note it’s been three months without a detailed update from the project’s leaders. They want dates, explanations, and plans. Some posts urge the team to post a public timeline. Others demand live Q&A sessions. The calls are loud enough to push the topic onto the trending list on social media. Team Issues Wallet Safety Tips Pi Network’s support channels recently posted a list of wallet safety tips. They discussed good practices for passwords and how to identify phishing. But they failed to address why tokens are concealed. The tips also failed to discuss the sudden emergence of numerous wallets per user. Related Reading: Bitcoin To Hit $180,000 In 2025? Analyst Highlights The Trigger What Happens Next Based on user feedback, the project will likely face pressure in the coming days. Some community members say they will pause mining until they see their balances. Others say they’ll shift their attention to rival projects. Nothing has been confirmed by the Pi Core Team beyond the safety note. It remains unclear when users will see their Pi tokens or receive a full breakdown of those massive transfers. The situation will be one to watch as the network works to rebuild trust. Featured image from Unsplash, chart from TradingView
The Pi Foundation has launched Pi Network Ventures, a $100 million fund to support startups integrating the Pi token into practical, real-world use cases. The initiative, announced on May 14, aims to boost adoption and drive long-term growth within the Pi ecosystem by targeting businesses beyond the traditional Web3 space. The Foundation stated that the […]
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What Pi Network promised When Pi Network first hit the scene in 2019, it had a simple but compelling pitch: What if you could mine cryptocurrency straight from your phone — no expensive gear, no massive electricity bills, just a tap a day on an app?It caught fire. Millions of people jumped on board, lured by the idea of “free” mobile mining and a chance to get in early on the next big thing. The app made it easy: You signed up, invited a few friends, tapped a button every 24 hours, and watched your Pi (PI) balance slowly grow. With the social referral model fueling growth, it wasn’t long before over 70 million users had signed up worldwide.Did you know? Pi Network utilizes the Stellar Consensus Protocol (SCP), which aims for energy efficiency and decentralization, differing from Bitcoin’s energy-intensive proof-of-work. What the Pi Network delivered The roadmap was supposed to be gradual: start with mobile mining, then move toward a testnet, KYC rollout and, finally, full mainnet launch with real trading and utility. But that last step took a lot longer than anyone expected.After years in limbo, the Pi Network finally opened its mainnet to external trading in February 2025. That should’ve been a big win. But it didn’t go smoothly. For one, not all users were able to migrate their balances. Know Your Customer (KYC) verification became a bottleneck, and many were left wondering when — or if — they’d ever be able to access the tokens they’d mined for years.Then there was the price. When Pi first started trading on external platforms, the price spiked, hitting as high as $2.98 in late February. But the hype didn’t last. As early adopters started selling off their tokens and real-world use cases remained thin, the price slid hard. By early May 2025, it had dropped to around $0.58, wiping out more than 70% of its value.There’s also still no real utility. You can’t spend Pi on much (only in small, community-run markets and pilot programs). And while the team talks about building a full ecosystem of apps and services, it’s unclear how fast — or how seriously — that’s progressing. Why the crypto community grew skeptical As the months turned into years, more and more red flags started popping up, and the community started asking hard questions.1. Still waiting on the mainnetPi launched in 2019, and for years, users kept hearing that the open mainnet was “just around the corner.” First there was the testnet. Then the “enclosed mainnet.” Then a roadmap update. The actual open network didn’t arrive until early 2025 — six years later. And by that time, a lot of early believers had started losing faith.2. All roads lead back to the core teamDespite the talk of decentralization, the reality is that the Pi Core Team has retained almost total control over the project. Every active mainnet node? Controlled by them. Most of the token supply? Still in their hands. That doesn’t sit well with crypto users who believe in distributed power and community-driven networks. Right now, Pi feels more like a private company than a decentralized protocol.3. Where’s the transparency?Another sticking point has been the lack of detail on how Pi actually works under the hood. The white paper is vague. There’s no clear breakdown of tokenomics, no timelines on when tokens unlock, no burn mechanics and no insight into supply control. Without that info, it’s hard for anyone to judge the health or future value of the project.4. Exchange listingsDespite years of hype, Pi still isn’t listed on major exchanges like Binance or Coinbase. It is tradable on some platforms like OKX and Bitget, but even there, things are shaky. Some users have reported trouble withdrawing their tokens, with exchanges blaming “traffic spikes” and other vague technical reasons. It all feels a bit fragile.For instance, one user on Bitget reported depositing 1,500 Pi tokens but found them inaccessible, with no clear timeline for resolution. On OKX, withdrawals were suspended for over 24 hours, with users asked to provide ID and email verification but given vague responses like “Your request will be completed within 24-48 hours.”By April 2025, users reported that MEXC, another exchange listing Pi, suspended Pi withdrawals, sparking concerns about liquidity and platform reliability. This was compounded by reports of large Pi transfers from MEXC, Gate.io and Bitget to OKX wallets, raising suspicions of coordinated price manipulation or exchange-level issues.5. Fake volume and fading hypeAt its peak in February 2025, Pi was trading at nearly $3 and generating billions in volume. Fast forward a few months, and that volume has dropped off a cliff — down to around $40 million. That kind of collapse raises serious questions: Was the demand real, or was it inflated by speculation, bots or internal market-making?6. Users trapped in a closed loopEven now, many users can’t actually use or withdraw their Pi tokens. Without access to real exchanges or spending options, they’re stuck in a kind of token limbo, watching a number go up in an app but with no way to convert that into anything useful.Did you know? While Pi Network claims over 70 million users, blockchain data indicates that only about 9.11 million wallets exist, with approximately 20,000 showing daily activity. Is Pi Network a scam or just a failed vision? Not every crypto project that stumbles is a scam. Some are just ambitious ideas that don’t quite pan out. So, where does Pi Network fall?On the surface, Pi doesn’t fit the classic scam mold. There was no initial coin offering (ICO), no upfront investment required — just an app that lets you “mine” Pi by tapping your phone daily. That’s a low bar for entry, and it attracted millions.But dig a little deeper, and things get murkier. The whole system leans heavily on referrals, encouraging users to bring in more people to boost their mining rate. That kind of structure starts to resemble a multi-level marketing scheme more than a decentralized crypto project.Then there’s the monetization angle. The app is filled with ads, and users are required to complete KYC verification, handing over personal data. So, while you’re not paying money, you’re paying with your attention and information.Given these developments, critics such as Ben Zhou, CEO of Bybit, and Justin Bons, founder of Cyber Capital, have publicly expressed skepticism regarding Pi Network’s legitimacy.Pi Network might not be a blatant fraud, but the combination of opaque operations, aggressive referral tactics and questionable monetization strategies certainly raises eyebrows.Did you know? Pi Network was officially launched on March 14, 2019 — Pi Day — symbolizing the mathematical constant π (3.14). Can Pi recover, or is it over? Is there a path forward for Pi Network? Possibly, but it’s a steep climb.First, transparency is key. Open-sourcing the code would allow the community to verify what’s under the hood and build trust.Second, Pi needs real utility. Right now, holding Pi doesn’t offer much beyond the hope of future value. Integrating Pi into actual use cases — like payments or decentralized applications — would give the token purpose.Third, broader exchange listings are crucial. Currently, Pi is available on a limited number of exchanges, which hampers liquidity and price discovery. Major exchanges like Binance and Coinbase have yet to list Pi, citing concerns over transparency and regulatory compliance.Fourth, decentralization must be more than a buzzword. Currently, the Pi Core Team maintains significant control over the network, which contradicts the principles of decentralization. Implementing decentralized governance would distribute decision-making power and align with the ethos of blockchain technology.But even if all these boxes are checked, time is a factor. Since its mainnet launch in early 2025, Pi’s price has dropped significantly, and user engagement has waned. Rebuilding momentum is challenging.Without significant changes, the Pi Network risks fading into obscurity, remembered more for its unfulfilled promises than its achievements.
Something strange has raised the eyebrows of the Pi Network community this week. A wallet associated with Binance’s Stellar deposits, which had already been used in Pi Coin transactions, has exhibited fresh activity. That was enough to ignite rumors that Binance might be quietly gearing up for a Pi Chain integration or even a future listing of $PI. Related Reading: Tether’s $1 Billion Mint Powers Tron — Is A Breakout Brewing? No official announcement has been made by Binance. But according to what blockchain monitors have observed, a number of small test-like transactions have been passed through the same wallet that was responsible for processing previous Pi-connected movements. The timing is what actually made people speculate. Is $PI finally coming to Binance? The Binance stellar deposit wallet which is the same as their $PI wallet has started testing transactions on the $PI chain. The wallet (GABFQIK63R2NETJM7T673EAMZN4RJLLGP3OFUEJU5SZVTGWUKULZJNL6) is testing the transactions. #PiNetwork pic.twitter.com/2lUqPy5Ivi — MOON JEFF ???? (@CRYPTOAD00) May 7, 2025 Ecosystem Update Set The wallet activity precedes, by just days, an upcoming Pi Network update. On May 14, the Pi Core Team will consider and perhaps approve a number of third-party apps to list on its ecosystem. It is one of the steps being taken towards integrating more use cases within the network, particularly following the release of its open mainnet in February. A Pi ecosystem announcement will be released on May 14. Tune in to find out what’s coming next! pic.twitter.com/5jn7m5mlmD — Pi Network (@PiCoreTeam) May 7, 2025 That launch was a watershed moment for Pi, which now boasts more than 60 million users globally. Nevertheless, the project continues to need to resolve important concerns such as inadequate smart contract functionality, slow transaction speeds, and stringent liquidity constraints. Those vulnerabilities have rendered it difficult for Pi to garner meaningful developer attention for creating apps and services. Pi Price Remains Stable PI coin has been having a decent performance of late. The coin sustained a solid run in the last seven days with a 2% increase, data from Coingecko shows. The ongoing rumors of a Binance listing may lift the coin price up further, or it could go sideways. Related Reading: Bitcoin Rebounds After Sharp Drop As Whales Fuel Push Toward $100K Binance Silence Keeps Market Guessing While some in the crypto community are optimistic, others are standing by. Binance has said nothing about Pi Coin. That has not deterred online whispers, but it certainly leaves a great many questions unasked. There is no evidence that Binance is looking to list Pi Coin – at least when this report was made – and the wallet movement could prove to be a coincidence. Eyes On Binance And Pi Network Ahead Of Key Date Meanwhile, the Pi community stands by for fresh scoop. May 14 might usher in significant changes. If the Binance wallet activity is the tip of a larger iceberg, and if PI does indeed get listed, that would shift the course of the project. Featured image from Gemini Imagen, chart from TradingView
Some cryptocurrency experts forecast Pi Network’s price to jump to $5 even as it currently trades at a mere $0.63. This bold forecast comes as whales took out about 41 million Pi Coins from exchanges within a 48-hour window. Related Reading: Shiba Inu Sees $120 Million Weekly Surge—Whales Tighten Their Grip Analysts Post Bullish Expectation On Social Media Cryptocurrency analyst PiMigrate recently tweeted on X that Pi Network’s path to a $5 valuation “has just begun.” The analyst referenced what they called strong support at the $0.60 level, and this base could possibly push the altcoin to the lofty $5 target. Another crypto expert, Moon Jeff, further backed the forecast with technical chart analysis. He, too, added in his update a bullish chart setup backing the aggressive target of $5. ???? $Pi to $5 journey just began. $PI has a very strong support at $0.6. $5 is a very possible valuation. Good utilities will push it up. #PiNetwork pic.twitter.com/qL7NjoHuvJ — Pi Network News (@PiMigrate) April 20, 2025 Whale Activity Stirs Attention As Coins Exit Exchanges A major report by a Pi community page revealed that big investors, commonly referred to as “whales” in crypto exchanges, transferred about 41 million Pi Coins worth around $27 million off exchanges in two days. Around 13 million coins were moved from OKX exchange to other wallets. As per market observers, this relocation of coins from exchanges usually reflects investor plans for holding instead of selling in the short term. Reducing exchange supply usually puts upward pressure on prices if demand is firm. Technical Structure Needs Confirmation Before Next Move Other analysts presented a more cautious perspective, explaining that Pi Network must re-establish a “symmetrical triangle” pattern on higher timeframe charts before further upward momentum. They recommended waiting for confirmation before opening long positions, cautioning that if prices move outside this triangle formation, it might present short-selling opportunities rather. ???? BREAKING: HTX TAGGED THE $PI LOGO IN ITS LATEST TWEET Does this mean that HTX will soon launch a $PI spot on CEX through KYB verification? ????#PiNetwork2025 ⚡ #PiCoin pic.twitter.com/h3kKc2tq7Y — The Times of PiNetwork (@PiNetwork24X7) April 18, 2025 Exchange Listings And Conference Might Improve Visibility Possible listings on leading cryptocurrency exchanges may push Pi’s price upward. Crypto exchange HTX has apparently stoked rumors with a mysterious social media post, and members of the community are keeping their fingers crossed for a listing on Binance, one of the world’s largest cryptocurrency exchanges. Related Reading: Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says As of writing, Pi Coin was at $0.63, down 3% in 24 hours with a 36% decline in trading volume to $96.34 million. Despite current bearish sentiment indicators and a Fear & Greed Index reading of 39 (Fear), price prediction models suggest that Pi can reach $2.08 on May 21, 2025 – a potential 228% increase. Featured image from Money Check, chart from TradingView
No Binance listing for Pi Despite massive community support and over 2 million votes pushing for a Binance listing, Pi Network’s native token remains unlisted and unheard by the exchange as of April 2025.Pi Network launched with a bold, although somewhat farfetched mission: make cryptocurrency mining accessible to anyone with a smartphone. No expensive hardware, no complicated setup — just a simple tap once a day.While the idea would have Hal Finney turning in his grave, the concept gained traction quickly, drawing in millions of users around the world and building one of the largest crypto communities to date.Naturally, as interest in the project grew, expectations around listing on major exchanges — especially Binance — began to build.In fact, more than 2 million of Pi Network’s users participated in a community poll in early 2025, with 86% voting in favor of pursuing a Binance listing.Yet as of April 2025, Pi Network’s native token, Pi, is still not listed on Binance, the world’s largest cryptocurrency exchange by trading volume.In fact, there hasn’t even been an official statement from Binance. It’s a bit like knocking on a neighbor’s door for help and watching the curtain twitch — but no one ever opens. Why hasn’t Binance listed Pi? There are a few reasons Pi hasn’t made it onto Binance’s platform, both unofficial and official.Unofficially, concerns have circulated within the broader crypto space since Pi Network’s mainnet launch in February 2025. Critics point to artificially inflated user metrics, Ponzi-style dynamics, centralized control of the network and tokenomics, or the lack thereof, as dead giveaways.However, the official stance of Binance experts familiar with the matter suggests:Blockchain compatibility problems: Binance’s “Vote to List” initiative favors projects built on the BNB Smart Chain. Pi Network operates on its own blockchain, so it doesn’t meet the core eligibility criteria.Transparency issues: Binance expects clear and public disclosures about how a token is issued, locked or burned. So far, Pi has not provided the level of detail that major exchanges typically require. Without that transparency, it’s difficult for platforms to assess the integrity of the token’s economics.Regulatory concerns: In regions like Vietnam and China, Pi Network has come under scrutiny for operating in a way that resembles multilevel marketing (MLM). That kind of classification introduces regulatory uncertainty — something major exchanges prefer to avoid.Did you know? You can’t join Pi Network without a referral code; every user has to be invited by someone else. It’s designed to grow only through personal connections. Pi token faces market challenges Since missing out on Binance’s stamp of approval, PI’s price has continued to suffer, dropping to around $0.56 as of early April 2025 — an 80% plunge from its all-time high.And while Pi has made its way onto other platforms such as OKX, Bitget and MEXC, none of them bring the same level of exposure or liquidity. Without access to Binance’s massive user base and credibility, it’s hard for PI to gain serious traction in the broader market.Since then, Pi’s price line has been choppy. Short-lived spikes have mostly been driven by speculation — often around mainnet rumors or exchange teasers — but they’ve consistently been followed by corrections. The token has struggled to maintain upward momentum, and trading volumes remain thin compared to more established projects.The Pi Core Team has said it’s been working on improving transparency and tightening up the regulatory side of things. That’s a step in the right direction, but whether it’s enough to win over Binance — or any other top-tier exchange — is still up in the air. Can Pi survive? The answer to this question is twofold and relies on where one chooses to place the blindfolds.Blindfold on: Community power and independent infrastructurePi Network does have certain advantages that could allow it to grow without relying on top-tier exchange listings.First, its user base is massive. Even with skepticism growing, Pi claims tens of millions of users — numbers most crypto projects would kill for. This scale gives the network a built-in market for its native currency, especially in regions where mobile-first solutions have real appeal.Second, the Pi Core Team has emphasized real-world usage. Through campaigns like PiFest, it has tried to prove that Pi is a functional currency as well as a speculative asset — over 125,000 merchants reportedly signed up to accept Pi during the March 2025 event.Even though the actual payment volume remained flat, the infrastructure is at least starting to form.The team also continues to build its own ecosystem — wallets, decentralizd applications and even a proprietary Know Your Customer (KYC) system — rather than relying on third-party platforms or validators. If Pi can evolve into a closed-loop economy, where users earn, spend and exchange Pi within its own environment, major exchanges may not be as critical. In theory, Pi could carve out its own lane: not as a speculative coin traded on open markets, but as a digital currency used in peer-to-peer economies and low-cost marketplaces.Blindfold off: A fragile ecosystem with mounting pressureDespite the initial hype, Pi Coin’s performance since its mainnet launch has been dismal. The token is facing major inflation pressure: Over 124 million Pi is being unlocked in April alone, with a total of 1.53 billion entering circulation in the next year, pushing the supply to over 8.2 billion.Meanwhile, the migration process is broken. Only a fraction of users have been able to complete KYC and access their coins, with many reporting lost tokens or endless verification loops.While smaller exchanges like OKX and Bitget list Pi, tier 1 platforms like Binance, Coinbase and Kraken have steered clear. The lack of transparency from the Pi Core Team on development milestones and token economics only deepens user frustration.Did you know? It’s been reported that Bybit’s CEO called the Pi Network a “scam” — a label the developers deny but one that hangs heavy in the absence of clear communication. Without exchange listings, is there a future for Pi Network? Could Pi succeed without major exchange listings? Technically, yes — but the odds are narrowing fast.To do so, it would need to pivot fully into a functional ecosystem where Pi is used, not traded. That means solving the KYC backlog, building a real application layer, attracting developers and showing meaningful payment activity. It’s a tall order.The more likely outcome is that Pi needs at least some exchange support to gain the liquidity, visibility and trust it currently lacks. Without it, Pi may remain a well-intentioned experiment that never fully escapes its enclosed garden — or worse, collapses under the weight of its own hype.In short, Pi Network doesn’t need Binance to exist. But to thrive? That’s another story.
Pi Network, once a well-loved crypto project among millennial investors, is in freefall. With the promise of user-friendly mobile crypto mining and a growing community of enthusiasts and supporters, the Pi Network quickly became one of the top projects in recent years. So it wasn’t surprising that its native token, PI, promptly raced to its all-time high of $2.99 when the developers launched the Pi mainnet. Related Reading: Dogecoin Set For 10x Surge? Elon Musk’s Anime X Post Sparks Hype However, after hitting a peak of $2,99, the token has crashed by nearly 50% over the past two weeks. The Pi coin trades between $0.80 and $0.83, with bearish market signals moving forward. Pi Coin Holders Looking For Answers The Pi Network launched its Open Mainnet on February 20th to much fanfare and anticipation. Supporters and crypto miners on social media heavily advertised the project’s official launch, marking its move from a closed ecosystem to complete decentralization. The token’s price immediately fluctuated, briefly surging to $1.96 before dropping to $0.74 and settling to $1.29. Almost 10M $PI coins will be unlocked today until tomorrow. That’s why price is ????. At least the @PiCoreTeam is not making rollbacks. On March 29 things will get better. #PiNetwork pic.twitter.com/MijB0zFpMF — Pi Open Mainnet (@piopennetwork) March 26, 2025 However, the first 30 days of Pi Network were filled with plenty of challenges and issues. For example, the Pi Network community faced issues with Binance, including its recent rejection of its possible listing. There was also a loss of confidence in the project, pushing a bearish sentiment on the token. More than 10 million Pi coins were added to circulation, pushing the price 12% down. Pi Network Devs Promise Things ‘Will Be Better’ Soon In a Twitter/X post, the Pi Network announced adding 10 million new tokens to circulation. While this news immediately pushed the price down, the dev team assured holders and investors that things would improve soon. Pi Network’s recent unlock schedule was transparent and immediately shared with the investing public. The devs also said they’re adding 102 million PI tokens to the current circulation next month. Although the developers have been transparent with these efforts, many holders, particularly the pioneers, have blasted the move. The Road Ahead For Pi Network In recent days, the Pi Network has been caught in heated discussions about the unclear rules for establishing the Pi Network Super Node. Many pioneers and crypto analysts are questioning the team and asking if it’s a transparent and decentralized project. Making matters worse is the recent data from PiScan showing that the Pi Network’s team keeps nearly 83 billion coins out of the total 100 billion in circulation. Related Reading: XRP Price Imminent Breakout: $5.30 On The Cards, Analyst Says Debates and questions intensified after Pi Network members didn’t receive complete answers and guidance on how they serve as SuperNode validations. Still, the project’s developer team remains bullish, and it aims to launch its new domain auction. According to recent data, the bidding attracted 200k bids in less than a week. Featured image from MakeUseOf, chart from TradingView
Pi Network’s native token has soared to a new all-time high less than a week after its mainnet launch despite mounting concerns over its legitimacy. Data from CryptoSlate shows that Pi has gained over 30% in the past 24 hours and surged nearly 200% over the last week, reaching a record high of $2.98. During […]
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Pi Network’s mainnet launch marks a pivotal moment, offering pioneers the chance to fully utilize their mined Pi, but it also comes with evolving risks and uncertainties.
Pi Network, a blockchain-based platform enabling users to mine PI coins, has set Feb. 20 as the launch date for its Open Network mainnet, according to a press statement obtained by CryptoSlate. This long-awaited transition follows several delays, with the project now claiming significant progress, including millions of KYC-verified users and a growing utility-driven ecosystem. […]
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