The value of Pi Coin has continued to drop sharply as sell pressure intensifies across the market. The token now trades around $0.59 after losing over 30 percent of its value in just two weeks.
According to data from PiScan, more than 119 million Pi tokens are scheduled to be unlocked this month. On April 11 alone, 1.4 million tokens entered circulation, with more releases expected over the coming weeks.
The ongoing token-unlocking process increases supply quantities, which causes investors to worry about their investments. Market uncertainty has intensified selling pressure because token holders choose to sell their positions.
Also Read: Pi Coin Slips to $0.63 as Bearish Momentum Deepens
Besides market forces, frustration among Pi Network’s community is also mounting due to a lack of project transparency. Community members are facing more disappointment due to the extended delays of the Open Mainnet launch.
Pi Network Turkey, the platform’s most active regional group, has issued a strong statement against the project’s leadership. The group criticized the core team for failing to maintain good communication with the community and dismissing their feedback.
Community Anger Grows as Project Vision and Execution Are Questioned
The statement claimed that the project had strayed from its original decentralized vision. Community members believe the delays and lack of clarity harm user trust and long-term engagement.
The network faces two main problems: issues regarding company management and a need for open disclosure about financial dealings. A group expressed doubts about active decentralized application numbers and the validity of partnership claims.
User skepticism is growing, making people doubt the network’s future path. Analysts believe the token value dropped dramatically since investors raised issues about project execution and delivery capabilities.
Heavy token unlocks and intensifying community dissatisfaction apply dual stress on price movement and public perception. Experts agree that Pi Network will maintain its slow pace of recovery unless it resolves its current difficulties.
Conclusion
With more tokens entering circulation and the core team under scrutiny, Pi Network faces mounting pressure. Investor confidence and community trust are considered key unresolved issues.
Also Read: Pi Coin Plunges Further as Investor Panic Grows Over Exchange Rejections and Supply Concerns
