Free fall for Pi Network: Under the $ 1, investor confidence vacillates

Announced as a mobile mining revolution, Pi Network has captured millions of investors before waving under the weight of its own promises. Since the launch of his Mainnet in February 2025, the project has accumulated the reverse: blocked tokens, lack of rating on large platforms, and blurred around its funding. The result is a fall of more than 75 % of the price in three months and a disillusioned community. Behind the initial craze, doubt settles on the real viability of this crypto “Inclusive”.

From the initial enthusiasm to the fall of 75 %

Officially launched in February 2025 after five years of community development and mining via mobile application, PA Network Mainnet sparked excessive expectations. The Pi token experienced a dazzling start, briefly reaching $ 2.98, a level hailed as a victory by the community.

However, this positive dynamic was quickly thwarted by a series of dysfunctions which slowed down the effective adoption of the network. The first problem appeared after the launch concerned the locked corners and the inability of many mining specialists to claim their tokens due to KYC problems.

A frustrating situation for investors present for sometimes five years, which has tarnished the image of a supposed launch marks a new era.

In the weeks that followed, The token has lost more than 75 % of its valueand dropped well below the symbolic bar of $ 1, despite an ephemeral rebound above $ 1.20. This evolution reflects a lack of solid economic and technical fundamentals. Added to this is a series of critical signals:

• A blocking of funds: Thousands of users have still not been able to access their PIs, due to unorned or incomplete KYC procedures;
• The extreme volatility of the course: in the absence of real support on the markets, the price of PI Network remains subject to speculation alone;
• A rapid fall in perceived capitalization: although the project still displays a capitalization of more than $ 5 billion, the loss of confidence settles;
• No rating on major platforms: despite its size, Pi Network is still not listed on Binance, Coinbase or other large exchanges.

These facts mark a chaotic start for a project which, on paper, had everything to seduce a large fringe of the general public crypto. It remains to be seen whether the team will be able to regain control of communication and restore confidence in a context of growing skepticism.

Transparency called into question and the absence of activity on the network

While the project displays a capitalization of more than $ 5 billion and is now in the top 30 cryptos, its absence from the leading exchange platforms like Binance or Coinbase questions.

The members of the community have speculated that the actions of the team could be the cause of this lack of rating. The reason would be an alleged lack of transparency on the part of the Pi Network team, an essential criterion for major exchanges.

Without a clear communication on the governance structure, the real attribution of tokens or the security audits, potential institutional partners remain remotely.

In addition, there is also the total absence of DEFI or activity applications on the main network. No Lending platform, no Dex, no smart contracts deployed to date, which leaves the blockchain without cases of concrete use.

THE Pi Ventures projectwith an announced fund of $ 100 million to support Web3 startups, remains to date without official ads or proof of activity. So far, there has been no development showing any growth.

These structural shortcomings cause an increasing doubt about the viability of the project. If the community remains wide and active, the deficit of concrete results could change collective opinion. Without rapid action to restore confidence, via credible listings, DEFI announcements or concrete deliverables, the risk is great to see Pi Network relegated to the rank of projects with high potential, but with failed execution.