__Is Pi Network Losing Its Spark? Analyst Warns of Long Road Ahead__

Recent analysis suggests that Pi Network may take years before delivering any real value. Despite millions of users mining Pi, concerns are growing due to:

Lack of transparency from the core team

Over 74% drop in Pi Coin’s price since February 2025

Monthly token unlocks (131M+) adding selling pressure

Weak real-world utility and developer engagement

Criticism of its referral-based growth model

Experts predict the price could fall another 50% if fundamentals don't improve. While the long token lock-up (till 2028) shows a long-term vision, the lack of trust and leadership could hurt the project's future.

What do you think—long-term gem or just hype?

Let’s discuss.

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