Crypto analyst Dr. Altcoin has issued a warning about Pi Coin, predicting a further price decline that could push the token down to $0.40 by August. He cites a lack of transparency and concerning centralization as key reasons for dwindling investor trust and weakening price action.
Confidence Drops, Investors Exit, and Price Falls
Pi Coin is currently trading around $0.68, the lowest level since May 17. The token has lost more than 60% of its value since its May peak. According to Dr. Altcoin, if nothing changes, Pi Coin could shed another 40% of its value in the coming weeks.
“No investor wants to put money into a project where the founders refuse to be transparent,” he stated.
Pi Core Team Under Fire
The project’s founders, Nicolas Kokkalis and Chengdiao Fan, are facing growing criticism for their lack of openness toward the community. Dr. Altcoin – once a supporter of the Pi Network – is now publicly calling on Pi Core and the Pi Foundation to disclose details of token sales, which he claims are happening behind the scenes.
Centralization Raises Red Flags
Another major concern is the extreme centralization of the token supply. Analysts report that the Pi Foundation holds over 90 billion Pi coins across more than 2,000 wallets. This has sparked fears of a single point of failure, where a security breach could endanger the entire ecosystem. This centralization is also seen as a key reason top exchanges like Binance and Coinbase have not listed Pi Coin, despite its popularity.
More Coins Unlocked, But Demand Lags
The project is also under pressure from token inflation – with millions of new tokens unlocked each month, supply is increasing while demand remains weak. In June alone, 272 million Pi coins will be unlocked, followed by 1.53 billion over the next year.
Additionally, data shows that over the past 24 hours, the amount of Pi on exchanges increased by over 3 million coins, possibly indicating heavy selling by holders.
Technical Analysis Points to Further Decline
On the 8-hour chart, Pi Coin had surged over 300% earlier this year, reaching a high of $1.66 in May as investors hoped for listings on major exchanges. When that didn’t materialize, the price sharply reversed.
The token is now trading below its 50-period moving average and is testing support at $0.6606. A drop below this level could open the path to $0.40, its historical low.
The only chance for invalidating this bearish outlook would be a move above $0.8680 — the double-bottom neckline from May 21. If that happens, the downward trend could be broken.
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