When Pi network was launched on the mainnet on 2025/02/20, the Pi coin once reached 3 US dollars, but now it is only 0.6 US dollars. This drop is even worse than some unstable meme coins. This shows that the market's confidence in Pi coin has dropped significantly, and its market value cannot support high prices.

In fact, the problem with Pi coin is not only the price, but also its fundamentals. After the mainnet was launched, it did not bring the expected applications and growth, which makes people doubt its value. In addition, its lack of a clear business model and future development plan makes it even more difficult for investors to see its potential for long-term value-added.

If the growth of some coins can be attributed to a strong community and practical applications, Pi seems to lack these supports, and the current price fluctuations make it difficult for people to have too much hope for it. In comparison, its risk is actually no less than those meme coins that rely solely on hype. In summary, the current situation of Pi coin is strongly bearish, and there is little chance of a rebound in the short term, and it may even continue to fall. #山寨季來了？ #参与投票-PI该上线币安吗？