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Pi Network Price Crash Raises Fears of Team Exit

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  • Pi Network’s price rose from $0.40 to $1.60 following the hype around the Consensus event and a $100 million fund announcement; days later, the price significantly declined, disappointing many investors.
  • A crypto analyst accused the Pi Core Team of using the community support to boost the token’s value before quietly selling large amounts.

Pi Network is facing criticism after a sharp crash in its price, with an analyst speculating that the core team may have quietly exited the project.

Recently, Pi organized a Consensus event to launch the Pi Ecosystem. Towards the preparation, the Pi Core Team created strong excitement around the project, causing the price of Pi to move from $0.40 to $1.60. They also introduced a $100 million fund to support real-world uses of Pi Coin, showing users the big plans for Pi.

After all the hype, the token’s price dropped, leaving many investors disappointed. During the early hours of today, a crypto analyst, Dr. Altcoin, shared a post on X accusing the team of tricking the community. In his recent post, he claimed they used hype to raise the price and then quietly sold their holdings at the peak.

According to the analyst, he said that the Pi Core Team used its community to spread the word of their token for free until they got enough support. During the height of excitement, the Pi Core Team went ahead and sold tens to possibly hundreds of millions worth of Pi tokens.

Many in the community thought they were moving closer to a full Mainnet launch, expecting around 100 strong DApps to go live. So far, this discovery has caused a lot of ‘holDers’ to worry. 

Pi Recent Price Crash 

The price of Pi has significantly dropped to almost half the top price, with the current price sitting at $0.70 and possibly dropping further toward $0.40, as it has had a 24-hr trading loss of 19.8%. With no big mainnet progress shared, the analyst believes the team took advantage of the hype, sold at the top, and left users with broken expectations.

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Pi Network Price Crash Raises Fears of Team Exit 2

source: coingecko.com

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Pi Coin Price Surges and Breaks Above $1 After 35% Daily Rise

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  • Pi Coin price has risen to $1.53, marking a 63.3% daily gain and a 158% weekly rise.
  • The token’s trading volume has risen to over $1.4 billion due to the fueled market speculation that the token could soon test $1.50 and possibly approach the $2 mark if bullish momentum continues.


Pi has finally risen past the $1 mark for the first time in nearly two months. In the last few days, the price of Pi has significantly increased, with the price reaching a 68.12% increase. Within a few days, the price moved up from about $0.59 to nearly $0.99, and today it has broken past the $1 resistance point. 

Pi Coin is priced at $1.47 at the time of this writing. The recent price represents a 55.9% increase in the last 24 hours and a 148.8% rise over the past seven days. This recent price surge can be traced back to a steady upward trend in Pi’s value over the past few weeks.

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Pi Coin Price Surges and Breaks Above $1 After 35% Daily Rise 4

source: coingecko.com

Pi Coin’s Momentum and Market Speculation 

After hitting a low of $0.40 in April, the token gradually climbed and hovered around $0.75 by May 9. Also, in the past 24 hours, Pi’s trading volume has significantly increased to over $1.4 billion, which is a 152.8% increase. Despite this new high, the coin is still yet to hit its all-time high of $2.99, making it down 9.6% in the last two months. 

With all of this, there’s a possibility that if buyers stay in control and the token’s value holds above $1.20, the next possible level could be the key mark of $1.50, and there just might be a move toward the $2 range. In all of this, there have been several conversations across the crypto space, as holders and observers are speculating on what might come next for the project.

More Reading: Dogecoin enthusiasts earn $4,777 a day by remotely mining cryptocurrencies



Pi Coin at Overbought Levels, Consolidation or Correction Ahead

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  • PI Coin surged 40% to $0.78659, now at $0.77309, showing strong momentum.
  • RSI at 72.31 signals overbought conditions, hinting at a potential correction.
  • PI broke the upper Bollinger Band, confirming bullish movement but with risk of pullback.
  • Support levels are $0.61006 and $0.58451, with resistance at $0.80123. A breakout could lead to further gains.

Pi Coin has posted a strong price breakout over the past few days, reaching a recent high of $0.78659 on the 4-hour chart before slightly pulling back to trade around $0.77309 at the time of writing. This marks a significant upward move, with PI Coin gaining more than 40% from previous support levels under $0.60. The technical indicators suggest strong bullish momentum, but also raise caution due to signs of short-term overextension.

PI 1D graph coinmarketcap 4
Source: CoinMarketcap

RSI and MACD Suggest Potential Slowdown For Pi Coin

The Relative Strength Index (RSI) is currently at 72.31, placing the asset firmly in overbought territory. RSI values above 70 often point to overheating in the market, which may result in a near-term price correction or consolidation phase. This aligns with historical patterns where similar overbought conditions have led to pauses or retracements in price action.

Supporting the bullish case, the Moving Average Convergence Divergence (MACD) indicator remains positive. The MACD line is trending above the signal line, indicating ongoing upward momentum. However, the histogram bars are beginning to shrink, which could be an early sign that buying strength is fading.

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Pi Coin at Overbought Levels, Consolidation or Correction Ahead 7

Bollinger Bands also reflect the aggressive price action. Pi Coin has broken through the upper band, a signal that the asset is trading well above its 20-period moving average. While this can confirm bullish momentum, such moves often revert back toward the midline or support levels, especially when other indicators also show overbought conditions.

The key support zones to watch include $0.61006 and $0.58451, areas where buyers previously stepped in. On the upside, the $0.80123 mark is acting as immediate resistance. A confirmed breakout above this level could open the door to a fresh leg higher, while failure to hold above the Bollinger midline ($0.69891) could suggest a deeper pullback.

Market volume data is unavailable in the current chart, which limits confirmation of the strength behind this move. Still, the rapid increase in Pi Coin price suggests substantial market interest, potentially driven by speculation, upcoming announcements, or a shift in sentiment around the Pi Network project.

Pi Coin is showing strong bullish movement but is now trading in overbought territory across multiple indicators. Traders and investors may want to approach with caution, looking for consolidation or retracement levels to provide better entries. Holding above the $0.69–$0.70 range would help maintain a bullish structure in the short term.

Read More: Dogecoin Is Showing A Promising Bullish Trajectory and Can Experience a 30% Rise: Analyst

Pi Network Approves BANXA While the Price Battles to Break 0.65 Resistance

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  • Pi Network has approved BANXA as one of its trading partners, allowing users in over 100 countries to buy and trade Pi easily.
  • Pi is still struggling to break the $0.6485 resistance level, with technical indicators like RSI and MACD showing weak buyer momentum.
  • Pi Network has approved BANXA as a medium of trading Pi through its Know Your Business (KYB) framework.

This decision does not only strengthen Pi’s credibility but also supports its goal to expand globally. As the network continues to build partnerships and improve its ecosystem, this approval marks a key moment in its journey toward becoming a trusted network in the crypto space.

The details of the approval were first shared by the popular crypto expert Dr. Altcoin on May 2nd. He called it a big step in Pi Network’s goal of reaching more users. With this approval in place, people in more than 100 nations can now buy Pi using cash through BANXA, making it easier than before.

The report also covered that those Pi users trading with each other must complete identity checks and use wallets they control themselves. This setup improves rules compliance, boosts protection, and lowers risk.

Pi’s Network Price and Technical Outlook

Currently, the price of Pi is trading at 0.59, and the resistance on its 4-hr time frame stands at $0.6485, with further barriers set at $0.6848, $0.7434, and $0.8020. If the price breaks its resistance of $0.8382, there’s a possibility that it could lead to a push toward $1.

The price has also dropped below the 10, 20, and 50-day moving averages, suggesting that sellers are still in control. The RSI is near 40, pointing to weak buyer interest without confirming oversold levels. The MACD remains soft, showing no strong bullish signals even though it’s slightly positive.

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Pi Network Approves BANXA While the Price Battles to Break 0.65 Resistance 9

Read More: AVAX at a crossroads: $20.89 support or $26.49 target







Pi Network Expands Mainnet Wallet Access Without Full Migration

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  • Pi Network now allows both fully and tentatively KYC-verified users to activate Mainnet wallets.
  • Mainnet wallet activation is separated from the migration process, enabling broader access for millions globally.
  • Non-users can join Pi ecosystem via third-party services after passing similar KYC requirements.

Pi Network has rolled out a major update that expands access to its Mainnet wallets. On May 2, the team announced on X that identity-verified Pioneers, whether fully KYC-approved or partially verified, can now activate their wallets, bypassing the previously mandatory full migration process.

This shift unlocks wider participation in the Pi Mainnet ecosystem, allowing users to dive straight into blockchain activities, Pi applications, and local commerce. It also clears the path for involvement in events like the ongoing .pi Domains Auction, a highly anticipated feature within the community.

Previously, wallet access was tightly bound to full migration steps, which included identity checks and technical verifications. That latest update decouples wallet activation from migration, allowing users at any stage of KYC to instantly tap into the ecosystem’s services.

While access has become more flexible, Pi Network emphasizes that its strict KYC standards remain intact. This ensures the platform stays secure and user identities remain authentic.

Third-Party Onboarding Now Available

One of the standout elements of this update is the newly added third-party onboarding option. For the first time, individuals who missed out on Pi Network’s mining phase can now secure their own Mainnet wallets through verified external platforms. This marks a major milestone in making the ecosystem more inclusive.

Companies like Banxa, which has successfully completed KYB verification, are offering fast-tracked KYC checks. This means newcomers can seamlessly join the Pi community, skipping the previously essential mining and migration stages altogether.

The changes are expected to inject new energy into the ecosystem. Developers and app creators can look forward to more user engagement, which is likely to spark higher transaction volumes and valuable feedback to refine their applications.

Pi Network is also testing out KYC delegation to trustworthy third parties. This pilot aims to speed up onboarding and make the process scalable, a critical step toward achieving its goal of real-world adoption on a global level.

Pi Network Boosts Real-World Adoption

Pi Network is also testing out KYC delegation to trustworthy third parties. This pilot aims to speed up onboarding and make the process scalable, a critical step toward achieving its goal of real-world adoption on a global level.

By removing long-standing hurdles, the network is setting itself up for significant expansion. Both existing Pioneers and newcomers now have more straightforward access, strengthening Pi Network’s foundation for broader utility across its blockchain-powered applications.

The project’s expansion strategy also has a strong trading dimension, with Pi tokens now tradable on platforms like OKX, KuCoin, and Bybit. Users still await major listings on giants like Binance and Coinbase. In February 2025, over 88% of 202,547 Binance voters backed listing Pi, showing strong momentum and hinting at wider adoption.

At the time of writing, Pi Network’s coin is trading at around $0.58, showing a 1.04% drop in the past 24 hours.

PI 1D graph coinmarketcap 1
Source: CoinMarketCap

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Pi Network Sellers are in Control: What’s Next for PI?

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  • Pi Network’s price continues its decline, dropping 3.52% in 24 hours as sellers maintain control after a previous rally.
  • Analysis confirms the ongoing downtrend with the technicals hinting at slowing selling, but no strong reversal.
  • Analysts suggest high-risk short-term buy opportunities based on weak buying signals.

The Pi Network token (PI) continues to struggle against selling pressure. According to TradingView data, the token currently trades at $0.6112 after dropping in value by 3.52% in the last 24 hours.

It has continued its downward trend since reaching a high earlier this year. The chart showed that PI’s price was on an uptrend at the start of last month, reaching about $2.50. However, these price gains didn’t last long.

Since then, the Pi Network token has been on a decline, with sellers gaining momentum to push down the price further.

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Source: TradingView

Pi Network: Technical Analysis Reveals Ongoing Downtrend

The technical indicators confirm this continued price downtrend. The relative strength index (RSI) is at 40.98 at the time of writing. This indicates that the coin is losing any buying momentum.

Usually, an RSI below 30 suggests an “oversold” market where a reversal towards the upside could happen. However, PI is yet to reach that zone. Also, the MACD is slightly above zero at 0.0189 while its signal line is still in the negative at -0.0752.

The slight positive value of the MACD is proof that there is a drop in selling momentum. However, there’s no clear indication that a strong upward momentum is about to start.

In addition, the small green bars in the MACD histogram mean that there’s weakness in the downward momentum. However, there’s no reversal in selling pressure yet.

In contrast to the massive increases in trading volume which PI recorded during its March rally, there’s currently a significant drop in this volume. Such a low trading volume suggests that trader interest in the Pi Network has reduced.

These usually lead to slower price movements, at least in the short term.

Analysts Suggest Short-Term Buys Amidst Cautious Bearish Outlook

Analysts advise traders seeking short-term trading opportunities to take positions now based on the presence of little buying signals. However, they must understand that the Pi Network market is currently a high risk, and it’s in a cautious bearish phase.

Traders can continue to monitor the RSI till it gets close to 30 or for the MACD to become more clearly positive. These are points that suggest that the token’s price is about to move in an upside direction.

Pi Price Increase by 35% After Partnering with Chainlink, Stirring Prediction of $3 Target

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  • Pi Coin increased by 35% days after securing a partnership with Chainlink, pushing its value to about $0.74.
  • The integration of Chainlink helps bring accurate price data to Pi Coin, which could further increase its adoption and boost its chances of being listed on top exchanges like Binance.

Pi Network has started gaining attention again after a surge of about 35% in just seven days, following its recent partnership with Chainlink. Analysts believe the Pi price could reach $3. Currently, as of the time of writing, the Pi price is at $0.74 and has already jumped 35% in the past week.

The recent rise in the Pi’s price comes after the collaboration with Chainlink, a popular oracle system. The platform added Pi on April 12. This major connection Pi secured with Chainlink’s Data Streams is set to increase the value of Pi in the Web3 space and might also help it get listed on the big trading platforms like Binance.

Chainlink’s services involve giving accurate price details for apps built on the blockchain. With its level of accuracy, it could help more people start using Pi. An expert, MrSpockApe, said this update means apps can now use dependable price data for the Pi coin.

How Chainlink Integration Caused a Surge in Pi Price

As usual in crypto, the market responded very fast to the news. On April 12, the Pi price rose from $0.63 to a peak of $0.78, gaining around 23% in just a few hours. Though the price has dropped a little bit since then, Pi’s total value still stays at $5.14 billion, making it the 24th biggest cryptocurrency by size and further showing its growing interest from buyers, even after a larger 48% drop over the past month.

This recent partnership has caused many to talk about Pi Coin’s possibility of being listed on major exchanges, which could boost its value. Some believe that the price could reach $10 in the future, but $3 seems like a more likely short-term goal. With its growing use and strong community backing, Pi Coin looks ready for a potential rise.

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Pi Network Breaks All-Time Google Search Record! 540K Users in ONE DAY

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  • Pi Network Google Trends score hits 100, a record high.
  • The mobile crypto mining app surpasses 110 million downloads, with 540,000 new users on February 17th.
  • Currently, it ranks #4 in the Google Play Store Social category.

Online searches for Pi Network have skyrocketed with Google Trends data revealing a record-breaking score of 100 this week. This represents an enormous leap from the previous week’s score of 57 and shatters the previous record of 26 in March 2024. The unprecedented growth in popularity aligns with the rapid expansion of the network’s user base.

So far, the Pi Network app has surpassed 110 million downloads, demonstrating its widespread appeal. Over the past month, the app has averaged 110,000 new users daily, with a staggering 540,000 new users onboarding on February 17th alone.

Pi Network
Pi Network Breaks All-Time Google Search Record! 540K Users in ONE DAY 13

Adding to the network’s growing popularity, the Pi Network app is ranked higher on the Google Play Store. It currently ranks #4 in the Social category, trailing only behind tech giants Facebook and Instagram. This underscores the app’s significant presence and engagement within the social media landscape.

Overall, this influx of new users is primarily driven by the growing anticipation surrounding the upcoming mainnet launch on February 20, 2025. The mainnet launch marks its transition to full decentralization.

Pi Network: KYC Verification and Mainnet Launch

This step will allow external wallet transfers, exchange listings, and the creation of dApps. To maintain the network’s integrity, Pi Network prioritizes KYC verification. Millions of users have been verified, ensuring compliance and helping to prevent fraudulent activity once Pi becomes tradable after the open mainnet launch.

As a smartphone-based mining project launched in 2019, it enables users to earn Pi tokens with the single tap of a button in its mobile app without energy-intensive hardware and a lot of energy.

All in all, the surge in Google Trends searches, coupled with the app’s download milestones and Google Play ranking, paints a picture of a network experiencing rapid growth and heightened excitement. The upcoming mainnet launch is undoubtedly a key catalyst for this increased traction, as users eagerly anticipate the next phase of the Pi Network project.