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

After an impressive early surge to $2.98, Pi Network is now facing its toughest test since launch. Just three months after going live on the mainnet, the price has plummeted nearly 75% from its all-time high, hovering precariously below the $1 mark.

🚨 What Went Wrong?

Despite a long wait — with early supporters backing the project for over five years — the mainnet launch in February 2025 didn’t go as smoothly as expected. Users reported KYC issues and locked coin restrictions, leaving many unable to claim or trade their mined tokens.

But those weren’t the only problems.

❌ No Tier 1 Listings

Months have passed, yet Binance, Coinbase, and other top-tier exchanges have not listed Pi. That’s a major red flag for investors, especially since Pi holds a spot in the top 30 cryptocurrencies by market cap, with a valuation over $5 billion.

Rumors are swirling that a lack of transparency from the Pi Core Team could be behind the hesitation. Major exchanges demand openness and compliance, and some community members believe the team hasn’t met those standards.

🧱 Where’s the Utility?

Even more troubling — there’s no DeFi activity on the network. No real applications. No ecosystem. Without actual usage, Pi's price is left to drift with market speculation rather than being anchored by genuine demand.

Investors are also questioning the status of the $100 million Pi Network Ventures fund, which was supposed to support innovation and development on the platform. So far, there’s been silence.

📉 Market Reaction

Pi briefly surged over $1.20 over the weekend, sparking hope. But the rally was short-lived — the price quickly dropped below $1 again, reflecting ongoing uncertainty and growing skepticism within the community.

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