News View Non-AMP

Pi Network Crashes 32%, But Is Mass Adoption Still Coming?

Published by
Vignesh S G

Despite a 32.8% crash in two weeks, Pi Network’s long-term vision remains strong. Here’s why top analysts still believe in PI’s future.

Pi Coin Price Nosedives: What’s Going On?

Over the past 14 days, Pi Network (PI) has seen a significant price drop of 32.8%. In just the last 24 hours, it slipped another 5.3%, signaling continued bearish momentum.

Yet, top crypto analyst Kim H Wong isn’t alarmed. He believes the project is still in its early development phase, and investors should focus on the ecosystem, not the price.

Flashback: Mainnet Launch Sparked Massive Hype

On the day of its mainnet launch, PI skyrocketed by 770.20%.

Within just six days, the token recorded a jaw-dropping 2,713.40% surge — a clear sign of strong market excitement.

However, this rally was short-lived.

  • February 26: PI hit an all-time high of $2.99
  • February 27–April 4: The price collapsed by 81.92%

Currently, PI trades at $0.7433, down 73.9% from its peak.

Development Never Stopped: 100+ Dapps and $100M Fund

Despite the sell-off, the Pi ecosystem is booming:

The ongoing Pi Hackathon is helping developers build real-world use cases, with rewards and visibility for innovative apps.

To boost adoption, Pi Network has launched a $100 million venture fund focused on Dapps with real-world utility—a bold step toward mass adoption.

70 Million Users and a Regulatory Advantage

The Pi Network community is one of the largest in crypto, with:

  • Over 70 million users globally
  • 20 million+ KYC-verified members

This not only strengthens its regulatory position, but also signals trust and potential for scalability.

The network still offers free mining, keeping it attractive for new users entering the crypto space.

Will Pi Become the Most Used Cryptocurrency?

With a current market cap of $5.38 billion and a 24-hour trading volume of $137.7 million, PI stands as the 25th largest crypto.

Kim H Wong believes Pi Network has the potential to become the most used and traded cryptocurrency, thanks to:

  • A massive global user base
  • A rapidly growing Dapp ecosystem
  • Strategic funding for adoption
  • Regulatory readiness via KYC compliance

Final Thoughts

Yes, PI’s price is down—but its adoption curve is climbing.If the network continues to evolve with meaningful Dapps and strong community support, a price rebound may just be a matter of time.

FAQs

Is Pi Network a scam or legit project?

While Pi Network is not a proven scam, skepticism exists due to its prolonged development phase, lack of clear roadmap updates, and limited token utility. However, it has millions of users and real developers building Dapps, suggesting legitimacy.

What is the $100 million Pi venture fund, and who can access it?

The $100 million fund supports developers building Dapps that drive real-world adoption of Pi Coin. Project teams can apply through hackathons and Pi ecosystem initiatives.

Can I still mine Pi Tokens for free in 2025?

Yes, mining is still open. But rewards have gradually decreased, and users must complete KYC to transfer mined Pi to the mainnet balance.

When will Pi Network fully open its mainnet and allow token withdrawals?

The mainnet is launched in enclosed mode, meaning tokens can’t yet be traded or withdrawn freely. The team has promised an open mainnet launch, but an exact date hasn’t been confirmed.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Recent Posts

Crypto Expert Peter Brandt Warns Bitcoin Rally Is At Risk – Here’s Why

Bitcoin pushed past $112,000 on Wednesday, giving bulls something to cheer about. But legendary trader…

July 10, 2025

FTX Faces Backlash: Chinese Creditors Fight Payout Freeze Over Fairness and Legal Grounds

A Chinese creditor has objected to an FTX motion that would delay payouts to people…

July 10, 2025

Jack Ma’s Ant Group Joins Circle to Bring USDC to Blockchain

Jack Ma-backed Ant Group is stepping deeper into the global crypto game and it’s doing…

July 10, 2025

4 AI Tools Predict Bitcoin, Ethereum, XRP Prices for July 2025, Here’s What to Expect

As the crypto market strides through the month of July, I use 4 leading AI…

July 10, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . Price prediction suggests potential…

July 10, 2025

Ripple XRP Price Prediction 2025, 2026-2030: Will XRP Reach $5?

Story Highlights Live XRP Price:. Predictions suggest XRP could reach $5.05 by the end of…

July 10, 2025