Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Market Turmoil Hits Pi Network: Investors Face Uncertain Future

Market Turmoil Hits Pi Network: Investors Face Uncertain Future

CointurkCointurk2025/04/05 14:11
By:İlayda Peker

In Brief Pi Network's value has sharply declined, alarming many within the community. Experts predict a potential price drop of Pi Coin to $0.1 if trends continue. Investor confidence remains shaky due to regulatory and technical uncertainties.

The Pi Network has recently drawn attention due to a sharp decline in its value. Within just 24 hours, the price of Pi Coin dropped by approximately 20%, falling to $0.44. This sharp fall has coincided with a significant increase in trading volume, indicating heightened selling pressure, which has severely shaken investor confidence.

Intensifying Sell Pressure and Technical Delays Raise Concerns

As Pi Network experiences a sudden downturn without maintaining market support levels, the trading volume skyrocketing to $500 million suggests that investors are rapidly liquidating their holdings. Additionally, the project’s inability to fully launch its mainnet and the delays in the identity verification processes have raised doubts within the community. The growing number of users who have completed KYC verification further raises fears of a potential mass sell-off in the future.

The fact that exchanges have yet to list Pi Coin limits the project’s visibility. Without support from major exchanges, Pi Network continues to operate in decentralized frameworks, which reduces liquidity and weakens investor interest in the project. Delayed technical advancements and restricted use cases are among the key factors that raise questions about the project’s potential.

Regulatory Uncertainties and Community Pressure

PiDaoSwap, an application connected to Pi Network, has pointed out the slow progress in obtaining approvals from regulatory authorities, stating that this has caused delays for the project. Market participants express that the inability to secure necessary permissions is not just a technical shortcoming but also a strategic one. The company has announced that it is working on alternative solutions and pursuing new partnerships and technological integrations to restore trust.

However, these efforts have not yet made a significant impact on the community. While Pi Network has over 60 million users, which potentially offers a strong foundation, the actions of some users who have completed identity verification may exert negative pressure on the market due to sudden sell-offs. The community expects more decisive and transparent steps from the project regarding both technical progress and regulatory compliance.

Experts Forecast Price Drop to $0.1
Cryptocurrency analysts have warned that the price of Pi Coin could drop to $0.1 based on current market conditions and the situation surrounding Pi Network. Key reasons include general market fragility, fluctuations in major cryptocurrencies , declining interest in projects with limited use cases, and oversupply concerns. The total supply of Pi Coin reaching 100 billion raises inflationary worries among investors.

With approximately 6.79 billion tokens currently circulating, a notable loss in market value has already occurred at the present price level. Should a significant portion of this supply turn into sales, a sharp collapse in Pi Coin’s price could be inevitable. Experts emphasize that the Pi Network team must expedite technical and regulatory processes to rebuild market confidence. Otherwise, the project may lose further value, prompting investors to seek alternatives.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Hackers are targeting Australia’s largest pension funds

Share link:In this post: Hackers targeted major Australian superannuation funds, stealing $500,000 from a few accounts and exposing personal data. Authorities and financial institutions are responding to the breach, urging members to check accounts and update passwords. Credential stuffing using stolen passwords is suspected in the attacks, prompting warnings to use unique logins and enable multifactor authentication.

Cryptopolitan2025/04/06 03:22

Meta to end third-party fact-checking in U.S. on April 7

Share link:In this post: Meta will shut down its U.S. third-party fact-checking program on April 7, 2025, ending partnerships with groups like PolitiFact. It will be replaced by Community Notes, a system that lets users add context to posts without triggering penalties. Zuckerberg criticized the old system as biased and overly censorious, and said the change aims to support free speech. Meta is also relocating its moderation teams to Texas, a move some experts say is politically motivated.

Cryptopolitan2025/04/06 03:22
Meta to end third-party fact-checking in U.S. on April 7