Pi Network price has fallen 17% to $0.611 as community demands more transparency
Lack of transparency has prevented Pi Coin from securing listings on major exchanges like Binance and Coinbase
Analysts warn of potential further 55% drop due to increasing token supply
Pi Coin has entered a demand zone which may lead to a bullish reversal according to technical analysis
The Pi Core Team holds more than 67 billion tokens (over half the max supply), raising concerns about tokenomics
Pi Network’s price has taken a steep dive, falling 17% to trade at $0.611 as of April 16, 2025. The drop comes amid growing calls from the Pi Coin community for increased transparency following the recent collapse of Mantra (OM), which saw its value plummet by more than 90% in just 24 hours.
The Pi community believes that without major changes in how the project operates, it could face a similar fate to Mantra. Many users point to the lack of transparency as the main issue preventing the token from securing listings on top exchanges like Binance and Coinbase.
This recent price drop has brought Pi Coin into a major demand zone, which some analysts believe could lead to a bullish reversal if buyers step in. Historical patterns show that previous drops to this level have quickly been followed by surges in buying volumes.
Transparency Concerns Mount
Dr Altcoin, a prominent voice in the Pi Coin community, has demanded that the project adopt greater transparency. In a recent post on X, he stated, “It serves as a HUGE lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet… One thing is clear about the PTC, they are not transparent.”
The $OM incident is a wake-up call for the entire crypto industry—proof that stricter regulations are urgently needed. It also serves as a HUGE lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet. @PiCoreTeam@nkokkalis@Chengdiaopic.twitter.com/zBN4LSsONN
These remarks followed observations that there have been no major developments in the Pi Network ecosystem since the Pi Open mainnet launch.
The lack of transparency has been a barrier to listings on major exchanges, which require access to an auditable mainnet before listing new tokens. These exchanges need to assess factors such as liquidity and decentralization to ensure the safety of their users.
Another issue raising eyebrows is the token distribution. Data from Pi Explorer shows that the top 3 wallets belong to the Pi Coin team and hold more than 67 billion PI tokens – over half of the maximum supply of 100 billion.
Technical Analysis Points to Possible Reversal
Despite the sharp decline, technical indicators suggest a possible trend reversal. The Relative Strength Index (RSI) has plunged to an oversold level of 28, a condition that previously preceded a 99% price bounce within hours.
The volume profile bars show that Pi Coin has entered a region marked by historically high trading volumes. Traders are watching the Point of Control (PoC) line at around $0.73, as a move above this level could flip the structure to bullish and lead to a run past $1.
If the Pi Network team addresses transparency concerns, increased investor confidence could potentially push the price to a new record high. Some optimistic projections suggest a target of $3 if major exchange listings materialize.
Supply Issues Raise Red Flags
One crypto analyst warns that Pi Coin has more downside potential because of the rising supply of tokens on exchanges. According to its tokenomics, over 1.5 billion tokens will be released this year.
Basic economic principles suggest that when supply rises without a corresponding increase in demand, prices typically fall. In Pi Network’s case, supply comes from token unlocks and pioneers who spent over 6 years mining the cryptocurrency.
The demand for Pi Network remains relatively low because many investors cannot access it due to its absence from popular exchanges. The analyst suggests that unless the team changes its supply strategy, perhaps by introducing a token burning mechanism, the price could continue to fall.
Some community members have proposed that a token burning mechanism, where coins are moved to an inaccessible wallet, could help stabilize the price by reducing circulating supply.
Community Divided on Future Prospects
Despite the criticism, Pi Network’s supporters highlight its slow token release, growing utility, and massive user base as strengths that might help it avoid Mantra’s fate.
One Pi Open Mainnet account noted the project’s “massive community (35M+ pioneers), steady unlocks, growing utility (.pi domains, dapps), and a clean track record.” Recent integrations with Chainlink and new fiat on-ramps have also been cited as positive developments.
The Pi Network team has been working on building utility for the token through various integrations and applications, which some believe creates a “virtuous cycle” of adoption and use cases.
However, technical analysts warn that Pi price faces strong resistance and could be vulnerable to sharp pullbacks if transparency and security concerns aren’t addressed quickly.
The altcoin’s recent price action shows it forming a rising wedge pattern, which is often considered bearish by technical analysts. The ongoing drop happened after two trendlines neared their convergence point.
If the bearish outlook continues, some analysts target a key support level at $0.3945, which would represent a further 35% drop from current levels.
The coming days will be crucial for Pi Network as it navigates these challenges. Without significant improvements in transparency and tokenomics, the project could face continued selling pressure.
For now, the Pi community waits to see if the team will respond to their concerns with concrete action to restore confidence in the project’s future.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.
By Nermeen Nabil Khear 
