🚨 Why Is Pi Network (PI) Struggling? 🚨

Despite ongoing updates from the PiCoreTeam, Pi Network’s price has plunged ~60% since mid-May, now trading around $0.64 (as of June 2, 2025).

🔍 Users had high hopes for listings on major exchanges like Binance or Coinbase and expected a token burn to boost scarcity. But recent announcements missed these marks, sparking disappointment.

PiScan reveals a huge 246M PI token unlock in the next 30 days—14M of which hits exchanges on June 11, adding pressure to an already weak market.

Experts argue Pi lacks real utility and functions more like a memecoin than a serious blockchain project. Even the Hanoi Police warned investors earlier this year, citing legal and practical concerns.

👉 Until Pi finds strong utility and exchange support, price growth remains uncertain.

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