As of May 18, 2025, #Pi Network finds itself at a pivotal juncture. Following the Consensus 2025 event, where expectations for a major exchange listing or definitive mainnet timeline were high, the announcement of a $100 million Pi Network Ventures fund left many in the community underwhelmed. This sentiment was reflected in the market, with #Pi Coin's price plummeting over 50% from its May peak of $1.50 to approximately $0.70 .

Compounding concerns are allegations of insider sell-offs. Notably, a 12 million Pi token transfer during the Consensus event has raised suspicions of a potential "rug pull" by insiders, though the #Pi Core Team has not confirmed any such actions .

On a more positive note, Pi Network's open mainnet, launched in February 2025, has enabled KYC-verified users to activate wallets and engage with over 80 decentralized applications. Additionally, the introduction of ".pi" domains and the acceptance of #MyEOSTrade #Pi Coin by over 125,000 merchants globally signal strides toward real-world utility .

Looking ahead, the community remains hopeful for a major exchange listing, such as on Binance, which could bolster confidence and liquidity. However, until concrete developments materialize, Pi Coin's price may continue to face downward pressure, with analysts cautioning a potential dip to the $0.40 range if support levels fail .