Pi Coin Price Crashes 13% — Can the Pi Network Survive the Pressure?

The Pi Network, once praised for letting users mine crypto on their phones, is now under serious pressure. With Pi Coin’s price crashing toward the $0.30 mark and the community growing impatient, criticism toward the PiCoreTeam (PCT) is mounting. Still, some dedicated users aren’t giving up just yet, urging fellow Pioneers to stay bullish and stick to the project.

Price Drop Sparks Doubts

Pi Coin has dropped by over 13% in recent days, falling to $0.58 and continuing on a downward trend. The drop has triggered fresh concerns among users, especially with many still waiting for the open mainnet to launch. Frustration also boiled over after delays in KYB approvals for community projects, with platforms like PiDaoSwap launching NFTs on Binance Smart Chain to bypass Pi’s slow internal processes.

John Lang Calls for Patience

Despite the growing negativity, Pi Network node runner John Lang took to X to defend the project. He emphasized that the PCT is working “meticulously behind the scenes” and reminded the community that building a global crypto platform is no small feat. “Their task is not easy,” Lang wrote. “Just trust the process and whatever the market condition is, never sell your Pi cheap.”

Developer Push Behind the Scenes

As a sign of ongoing progress, the PiCoreTeam recently rolled out technical requirements for developers. These include a mobile-first approach, mandatory KYC certification, and clear models for value exchange. The Pi SDK now supports applications involving virtual goods, mini-games, and decentralized services, aiming to revive the ecosystem with real utility.

Community Still Active, But Concerns Remain

Interestingly, the PCT noted that domain auctions on the Pi Network have surpassed 200,000 bids, showing that some users are still active on-chain. However, analysts like Dr Altcoin have warned that such activity isn’t enough. He’s pushing for the PCT to burn a significant amount of Pi Coins from its foundation wallets to ease inflation concerns. 

Meanwhile, a pseudonymous figure named Satoshi Nakamoto proposed creating a community-driven liquidity pool (CDLP), where users commit to buying Pi monthly to stabilize its price. 

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On the flip side, crypto analyst Moon Jeff says Pi Coin could hit $3 by June. Despite the current market crash, he believes that once trade tensions ease, Pi will break resistance and reach new highs.

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