🚨 Wallet Migration and Access Issues
Despite users completing KYC verification, millions of Pi Network users are unable to access their tokens. The wallet migration to mainnet has faced technical problems, causing frustration and anger within the community. Some users have called this a betrayal after six years of loyalty to the project.
---
📉 PI Price Drop
The price of PI dropped about 35%, hitting an all-time low around $0.40, with a slight recovery to about $0.55. This price decline has led to loss of investor confidence and negative market momentum.
---
🧭 GCV Vision and Pi2Day Event
The community proposed a symbolic Global Consensus Value (GCV) of Pi at $314,159, representing belief and unity. However, experts say this vision is unrealistic without a real open market and actual use cases. An important event, Pi2Day, is scheduled for June 28, 2025, where major announcements about Pi Network’s future are expected.
---
🐋 Whale Activity and Binance Speculation
A major whale transfer of 200 million PI tokens sparked interest, fueling speculation about a possible price increase above $1.2. There are also rumors about Pi potentially being listed on Binance, which could influence PI’s price positively.
---
📊 Price Predictions for 2025
Analysts are divided on PI’s future price. Some predict it could rise to around $1 by the end of 2025, while others forecast a possible drop to around $0.43.
---
Summary
Pi Network is going through a challenging phase with technical issues, price volatility, and uncertainty about its future. The upcoming Pi2Day event on June 28 will be crucial for understanding where the project is headed next.
