โ ๏ธ Pi Network Struggles: Can It Hold the Line Below $1? ๐๐ค
After an early surge to $2.98, #PiNetwork has faced an uphill battle since its debut in February 2025. While dedicated Pioneers were excited for the mainnet launch, the price has dropped almost 75% from its all-time high, currently sitting around $0.74 USD.
Key Issues & Concerns:
* Post-Launch Woes: Miners have reported challenges with locked coins and #KYC issues, hindering their ability to claim their earned tokens.
* Missing Tier 1 Listings: Despite a market valuation above $5 billion, Pi Network remains unlisted on major Tier 1 exchanges like Binance and Coinbase. This absence is a significant concern for many investors.
* Transparency Doubts: Community members speculate that the team's lack of transparency regarding the token's operations may be a reason for the hesitance from top exchanges. Leading platforms require significant openness before listing.
* Lack of DeFi Utility: There's a notable absence of decentralized finance (DeFi) applications on the platform. This means #PiNetwork's price is largely at the mercy of general crypto market forces, without genuine ecosystem demand to drive it higher.
* $100M Ventures Fund Clarity: The community also seeks more transparency on the recently announced $100 million Pi Network Ventures fund.
Current Price Action:
The cryptocurrency saw a brief surge over $1.2 recently, but quickly retraced and fell back below the crucial $1 mark. This ongoing struggle below $1 reflects growing distrust and a lack of strong community support regarding the token's future and the Pi Core Team's promises.
The Big Question:
If the Pi Core Team addresses these concerns and delivers on their promises, the Pi Network price could invert its trend and potentially hit new highs this bull cycle. However, the path ahead looks challenging.
What are your thoughts on Pi Network's future? Can it overcome these hurdles?
