AbdulbasetAbdu
--
#PiCoreTeam #pi
$OM Recovers and #pi is coming with vigor
119 million tokens are being issued by the end of the month
PI Coin is currently trading at $0.59, struggling to break the key resistance at the $0.60 level. The decline follows a sharp drop in recent days, with the token down over 30% in the last 14 days and more than 80% from its peak on February 26. Price pressure comes as the massive token unlock continues. According to Piscan, over 119 million PI tokens are expected to enter trading this month alone, with 1.4 million unlocked on April 11 alone. The remaining tokens will be released gradually throughout the rest of the month. Source: Piscan Community frustration over the delay and lack of transparency With the price stagnating, discontent within the PI Network community is reaching new heights. Recently, PI Network Turkey, the largest community group for the project in the region, issued a strong statement criticizing the core team's handling of the project. The group accused the PI Network developers of adopting a top-down management style, ignoring community feedback, and straying from the platform's original decentralized vision. 'What we passionately expected has now turned into disappointment,' read the statement, emphasizing broken promises, a lack of transparency, and indefinite delays in launching the open Mainnet. The group also pointed to unclear financial data, vague details about partnerships, and a lack of clarity regarding the actual number of live decentralized applications (DAPPS) on the network. Read also: Today's Crypto Price: Ripple XRP News, Gold Price Today, Hang Seng Index, Nifty Fifty, Pi Network News And is the PI Network losing trust? Some analysts believe the sharp drop in PI's value is driven not only by the token unlock but also by growing doubts about the project's long-term vision and delivery. As concerns arise over whether the PI Network is truly building a meaningful Web 3 ecosystem—or simply riding the crypto hype—the project's credibility appears to be at risk. Don't miss a beat in the crypto world! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, Altcoins, Defi, NFTs, and more.
119 million tokens are being issued by the end of the month
PI Coin is currently trading at $0.59, struggling to break the key resistance at the $0.60 level. The decline follows a sharp drop in recent days, with the token down over 30% in the last 14 days and more than 80% from its peak on February 26. Price pressure comes as the massive token unlock continues. According to Piscan, over 119 million PI tokens are expected to enter trading this month alone, with 1.4 million unlocked on April 11 alone. The remaining tokens will be released gradually throughout the rest of the month. Source: Piscan Community frustration over the delay and lack of transparency With the price stagnating, discontent within the PI Network community is reaching new heights. Recently, PI Network Turkey, the largest community group for the project in the region, issued a strong statement criticizing the core team's handling of the project. The group accused the PI Network developers of adopting a top-down management style, ignoring community feedback, and straying from the platform's original decentralized vision. 'What we passionately expected has now turned into disappointment,' read the statement, emphasizing broken promises, a lack of transparency, and indefinite delays in launching the open Mainnet. The group also pointed to unclear financial data, vague details about partnerships, and a lack of clarity regarding the actual number of live decentralized applications (DAPPS) on the network. Read also: Today's Crypto Price: Ripple XRP News, Gold Price Today, Hang Seng Index, Nifty Fifty, Pi Network News And is the PI Network losing trust? Some analysts believe the sharp drop in PI's value is driven not only by the token unlock but also by growing doubts about the project's long-term vision and delivery. As concerns arise over whether the PI Network is truly building a meaningful Web 3 ecosystem—or simply riding the crypto hype—the project's credibility appears to be at risk. Don't miss a beat in the crypto world! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, Altcoins, Defi, NFTs, and more.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
160
0