The Reason Behind Pi Network's Zealous Supporters? Co-Founder Shares His Thoughts

Nicolas Kokkalis, co-founder of Pi Network, spoke at the 2025 Consensus conference in Toronto about the project's growing popularity and its vigorous community. Despite delayed network launches and token releases, the Pi Network has emerged as one of the most discussed projects in the cryptocurrency space.

Kokkalis attributes this to the idea of value capture - ensuring that value isn't monopolized by a select few but distributed amongst many. He believes this can be achieved through blockchain and projects like Pi Network. On the downside, Pi token's price saw a significant dip recently, falling from $1.7 to below $0.7, almost reversing all its gains from the hype-driven rally that followed the announcement of a $100 million fund for ecosystem investments.

This price drop has been attributed to another 'buy the rumors, sell the news' event.