Pi Network Faces $0.4 Threat as Price Slides and Community Demands Transparency

Pi Network slips below $0.62 amid token unlock fears and community backlash, with analysts warning of a potential drop to $0.4 if key support fails
The value of Pi Network’s native token has been steadily eroding over recent days, slipping under the $0.62 support threshold at the time of writing. This ongoing decline coincides with mounting criticism aimed at the Pi Core Team, with many community members voicing frustration over a lack of transparency and the perceived absence of utility-focused progress within the ecosystem.

Amid this atmosphere of concern, prominent crypto analysts have begun signaling that Pi Coin could continue on its downward trajectory, potentially revisiting the $0.4 level.

Pi Coin’s value took a sharp turn today, losing over 8% to land at $0.6155. Just 24 hours earlier, the token had peaked at $0.6912. The low for the day touched $0.604, while trading volume jumped by 13%, reaching $180 million.

On a weekly scale, Pi has lost more than 21%, underscoring the prevailing negative sentiment in the broader market. Still, it’s worth noting that Pi ended May in the green overall, despite the recent downturn.

As the asset continues to slide, investors are speculating whether it might reclaim higher levels, possibly eyeing its all-time high of $2.98. However, pessimism looms, with many suggesting that Pi Coin’s descent isn’t over and could stretch down to the $0.4 region.

Experts point to the token’s struggle to stay above the $0.61 mark as a key concern. Crypto influencer MOON JEFF, in a recent X post, warned that a break below this line could lead to a drop back to its earlier low of $0.4.

This outlook aligns with earlier forecasts from analyst Dr Altcoin, who previously noted that any meaningful recovery for Pi might not emerge until late August—by which time the volume of newly unlocked tokens will have significantly decreased.

Dr Altcoin has also urged the Pi Core Team to increase transparency regarding ecosystem development and token use, suggesting that clear utility would help regain investor trust. Similarly, the Pi-focused community group “The Times of PiNetwork” criticized the recent performance and emphasized in a post that “Utility is the real power, not just the token.”

Further compounding concerns is the approaching wave of token unlocks. Data from PiScan shows that 274.4 million Pi Coins are scheduled to unlock in June, a supply worth approximately $169.4 million at current pricing.

In contrast, August unlocks are expected to drop significantly, to just 132.5 million tokens valued around $81 million. With this in mind, some market observers are cautiously optimistic that Pi Coin could begin recovering in the second half of the year.

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