Pi Community, a crypto undertaking meant to disrupt the business, has grow to be one of many largest failures of 2025, plummeting from its all-time excessive of $3 in February to its present $0.2040.
The token’s worth has been worn out by billions of {dollars} as its market cap has fallen from practically $20 billion to its present $1.7 billion. On this article, we take a look at what went unsuitable with the token and whether or not it would rebound.
Pi Community Value Record |Supply: TradingView
Rise of the Pi Community
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Pi Community is a cryptocurrency undertaking launched by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan to disrupt the cryptocurrency business by fixing a number of the current challenges.
For instance, in contrast to Bitcoin, anybody can take care of Pi Coin utilizing a smartphone. Additionally, its transaction prices are a lot decrease than different cryptocurrencies.
Launched in 2019, the undertaking went viral all over the world, attracting over 60 million individuals who wished to mine tokens and make a fortune. Its instruments, together with browsers and mining functions, have attracted thousands and thousands of customers.
Pi Community app has been downloaded over 100 million instances on Android | Supply: Google
The undertaking moved to a closed mainnet in December 2021. Throughout this era, the mainnet was prepared however restricted to exterior connections.
The mainnet shutdown interval led to February of this yr, permitting tokens to be listed by cryptocurrency exchanges. Listed corporations embrace OKX, MEXC, Gate, and LBank.
Nevertheless, Pioneer needed to undergo a strict know-your-customer (KYC) course of to maneuver the tokens from the fenced mainnet to the mainnet. The objective was to make sure that each token that strikes to the mainnet is related to an actual particular person.
The undertaking additionally required no less than 100 mainnet-enabled functions as a part of the transition from an enclosed mainnet to an actual mainnet, a transfer meant to present the undertaking practicality.
learn extra: Pi Community: From world sensation to cryptocurrency ghost chain
Why the value of Pi Coin plummeted
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The Pi Community is now extensively thought of to be one of many crypto business’s largest failures, with many customers contemplating it a waste of time.
Moreover, many individuals who’ve spent years mining tokens haven’t benefited, a lot of them are caught within the KYC course of, and lots of have failed investments.
There are a number of explanation why Pi Community failed. First, in contrast to many new cryptocurrencies, it has not obtained any actual itemizing from an change, which Bybit’s CEO calls a rip-off.
Since its launch in February of this yr, no different main exchanges have listed this token, and an important corporations resembling Upbit, Binance, and Coinbase have ignored it. The absence of those listings signifies that thousands and thousands of individuals do not need entry to the token and its liquidity stays low.
Pi Community is extensively seen as a ghost chain with no main customers, inflicting its worth to plummet. There are a number of functions within the community, however many don’t discover them helpful.
Moreover, tokens are extremely diluted, with thousands and thousands of latest tokens coming on-line each week. It’s estimated that over 1.2 billion tokens can be unlocked over the following 12 months.
The value of the Pi Community has additionally plummeted on account of centralization, with billions of tokens managed by the little-known Pi Basis. There is no such thing as a voting course of and the neighborhood has no say.
Will Pi Community worth rebound?
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To be truthful to Pai, the continued crash coincided with declines in different cryptocurrencies, together with blue chips like Ethereum and Bitcoin.
The crew can also be making some main modifications to strengthen the community and its tokens. For instance, they’re at the moment engaged on testnets for token technology instruments, automated market makers (AMM), and decentralized change (DEX) instruments. It’s hoped that its DEX platform can be as profitable as different large gamers like Aave and Raydium.
The developer has additionally made two investments, CiDi Video games and OpenMind, aimed toward rising the ecosystem in the long run. CiDi Video games will introduce gaming capabilities and OpenMind will flip it into an AI platform.
They’ve additionally registered the coin in Europe’s MICA, which can enable it to be listed on main exchanges within the area.
Due to this fact, though the value of Pi Community has fallen sharply, the potential for a rebound can’t be dominated out subsequent yr, particularly if different tokens resembling Bitcoin and Ethereum rebound.
