Pi Coin continues to lose value amid rising sell pressure and community dissatisfaction. This article explores the reasons for the decline and the challenges the project faces.
Decline in Pi Coin Value
The value of Pi Coin has significantly decreased and is currently around $0.59, reflecting a loss of over 30 percent in the last two weeks. According to PiScan, more than 119 million tokens are scheduled to be unlocked this month, raising concerns among investors.
Community Discontent and Project Issues
Members of the Pi Network community are increasingly frustrated due to a lack of transparency and extended delays in the Open Mainnet launch. Pi Network Turkey issued a statement criticizing the project's leadership for poor communication with members and disregarding their feedback.
Future of Pi Network
Experts believe that Pi Network will recover slowly unless it addresses its current issues. One of the main challenges remains restoring investor and user trust, which significantly affects its prospects.
Amid the unlock of new tokens and under community scrutiny, the future of Pi Network is uncertain. Key challenges include restoring trust and implementing transparency in the project.
