Advertise
๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Apr 11, 2025 06:14 UTC
-
Pi Network News: 119 Million Tokens to Be Released by Month-End
-
PI $ 0.7721 (28.53%) 
Pi Coin drops 30% in 14 days as 119M tokens hit circulation; resistance at $0.60 holds amid heavy sell pressure.
Pi Network faces backlash from top community group over delays, lack of transparency, and concerns about decentralization.
Pi Coin is currently trading at $0.59, struggling to break above key resistance at the $0.60 level. The drop follows a steep decline in recent days, with the token down over 30% in the last 14 days and more than 80% below its February 26th peak.
The price pressure comes as a massive token unlock continues to unfold. According to PiScan, more than 119 million Pi tokens are expected to enter circulation this month alone, with 1.4 million already unlocked on April 11 alone. The remaining tokens will be released gradually throughout the rest of the month.
Community Frustration Grows Over Delays and Lack of Transparency
As prices tumble, discontent within the Pi Network community is reaching new highs. Recently, Pi Network Turkey, the project’s largest community group in the region, issued a strong statement criticizing the core teamโs handling of the project.
The group accused Pi Network developers of adopting a top-down management style, ignoring community feedback, and straying from the platform’s original decentralized vision. โWhat we once eagerly anticipated has now turned into disappointment,โ the statement read, stressing broken promises, lack of transparency, and indefinite delays to the Open Mainnet launch.
The group also pointed to unclear financials, vague details on partnerships, and little visibility into the actual number of live decentralized applications (dApps) on the network.
Is Pi Network Losing Trust?
Some analysts believe the sharp decline in Piโs value is being driven not only by token unlocks but also by widening skepticism about the projectโs long-term vision and deliverables. As concerns mount over whether Pi Network is truly building a meaningful Web3 ecosystem โ or simply riding the crypto hype โ the project’s credibility appears to be at risk.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Pi Coin is down due to a large token unlock, market pressure, and growing doubts about the project’s transparency and future.
As of April 11, 2025, the price of Pi Network (PI) in India is โน51.37.
Yes 
No 
