
Pi Network pioneers have been growing increasingly frustrated in recent days. Accusations of scams, unfulfilled promises, and complete opacity have put the founder under community scrutiny. Is it a massive manipulation or just a timing error? Here’s what we know.
Written by Hugo Le follézou
Translated on June 23, 2025 at 09:42 by Sarah
The recent price drop in the cryptocurrency market has significantly impacted the Pi Network project, with Pi Coin plummeting below $0.50. While the cryptocurrency is currently trying to stay above this level, the pressure remains high. This situation is not unique to Pi, as major cryptocurrencies like Bitcoin and Ethereum have also experienced a decline. This is due to the impact of geopolitical tensions.
📉 Why Is #PiNetwork Price Low Right Now? Will It Rise Again? 🔄
🚨 Global crypto correction is hitting all major coins — not just Pi.
🔻 #Bitcoin, #Ethereum & #Solana have dipped recently, dragging the market sentiment down. When these giants fall, the whole market feels it.… pic.twitter.com/8f48DaHzCV
Facing this continuous Pi price drop, Dr. Nicolas Kokkalis, the founder of Pi Network, has spoken out on social media to reassure concerned investors, known as Pioneers. He assured them that this was a temporary market phase, not a permanent crash.
However, not all Pioneers were convinced by this explanation. One particularly frustrated user commented: “Are you a scammer or a fraud? Does Pi drop every day? Support Pi and make it rise.”
To this, Dr. Kokkalis responded: “Do you understand the world of cryptocurrencies? Why are other cryptocurrencies also falling?” But the user was still unsatisfied and added: “Since I bought Pi, the price has continued to drop. I have seen 3 rises and 5 falls. I no longer trust Pi. I will cut my losses and not invest in companies like yours anymore.”
Currently, Pi Coin is under pressure, and experts believe it will need a positive market turnaround to exceed $0.60. Crypto analyst Dr. Altcoin has predicted that Pi is now firmly around $0.40 and could remain there until the end of August. He also stated that the upcoming event, Pi Day 2, is unlikely to significantly boost the price.
We might still see Pi drop to around $0.40, especially if there’s no major update on June 28th! @PiCoreTeam @nkokkalis @Chengdiao pic.twitter.com/DSbrChUEzN
In conclusion, this turbulent period in the cryptocurrency markets requires investors to remain vigilant and informed to make informed decisions. While the founder of Pi Network has tried to reassure, some Pioneers have lost confidence. Analysts remain cautious about the short-term outlook for Pi Coin.
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