Pi Network Struggles: Can It Hold the Line Below $1?

After an early rise to $2.98, Pi Network has struggled since debut. In February 2025, believers who had supported the project for five years were rewarded, launching it. almost time, the currency has succumbed to bear pressure and dropped by almost 75% from its all-time high.

Three months after the Pi Network main net launch, issues have arisen. Locked coins and KYC issues prevented miners from claiming their currencies after launch. However, the currency maintained user confidence.

Investors are worried about Tier 1 crypto exchanges like Binance and Coinbase not listing after months. As a top 30 cryptocurrency with a market valuation above $5 billion, the altcoin is one of the few without a Tier 1 listing.

Community members have hypothesized that the team's conduct may explain the absence of listing. Due to their big viewership, leading exchanges need openness before listing tokens, and there are suspicions that the Pi Network team has been less than transparent regarding its token.

Decentralized finance (DeFi) use on the platform is another concern. No DeFi applications have been installed, leaving the Pi Network pricing to crypto market forces without genuine demand to drive it higher.

Pi Network community members also want clarity on the $100 million Pi Network Ventures fund to support creative firms.

Without network activity, the Pi Network price fluctuates with the crypto market. The cryptocurrency rose over 50% over $1.2 during the weekend. The price retraced and fell below $1 after this rise.

This battle below $1 reflects the community's lack of support as they distrust the token's future and the Pi Network team's claims. If these promises come true, the Pi Network price may invert and hit new highs this bull cycle.