{"id":20757,"date":"2025-04-03T11:49:24","date_gmt":"2025-04-03T11:49:24","guid":{"rendered":"https:\/\/cryptd.in\/pi-network-is-a-slow-rug-says-former-pi-proponent\/"},"modified":"2025-04-03T11:49:24","modified_gmt":"2025-04-03T11:49:24","slug":"pi-network-is-a-slow-rug-says-former-pi-proponent","status":"publish","type":"post","link":"https:\/\/cryptd.in\/cs\/pi-network-is-a-slow-rug-says-former-pi-proponent\/","title":{"rendered":"Pi Network Is a Slow Rug, Says Former PI Proponent"},"content":{"rendered":"<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">PI\u2019s 65% price crash over the past month has shifted sentiment, with even former fans now lambasting the project.<\/span><\/li>\n<li>Hopes for a recovery rest on potential exchange listings from Binance or Coinbase.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI_CB-8.jpg\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"alignnone size-full wp-image-390642\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI_CB-8.jpg\" alt=\"\" width=\"1201\" height=\"720\" \/><\/a><\/span><\/h2>\n<h2>From a Supporter to a Critic<\/h2>\n<p><span data-preserver-spaces=\"true\">Pi Network\u2019s native token witnessed another correction in the past 24 hours, with its price tanking by 7%. <\/span><span data-preserver-spaces=\"true\">Currently,<\/span><span data-preserver-spaces=\"true\"> it trades at around $0.63 (per CoinGecko\u2019s data), representing a whopping 65% decline in the last month.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Its massive retreat as of late <\/span><span data-preserver-spaces=\"true\">seems to have<\/span><span data-preserver-spaces=\"true\"> changed the sentiment of even its hardcore fans.<\/span><span data-preserver-spaces=\"true\"> The X user MOON JEFF, who recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/pi-networks-pi-hits-monthly-low-breakdown-or-breakout-coming\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">p\u0159edpov\u011bzeno<\/span><\/a><span data-preserver-spaces=\"true\"> that PI could skyrocket to an all-time high of $5, joined the critics\u2019 corner. The analyst <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CRYPTOAD00\/status\/1907579196060180822\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">prohl\u00e1sil<\/span><\/a><span data-preserver-spaces=\"true\"> that Pi Network is \u201cnow a slow rug,\u201d criticizing the team behind the project:<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cThe team is not delivering what they promised. They promised 100 Dapps on launch, but <\/span><span data-preserver-spaces=\"true\">only<\/span><span data-preserver-spaces=\"true\"> less than<\/span><span data-preserver-spaces=\"true\"> 5 <\/span><span data-preserver-spaces=\"true\">are working.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">According to MOON JEFF, PI\u2019s potential spike to $1 is \u201cjust a dream,\u201d while breaking above <\/span><span data-preserver-spaces=\"true\">that point<\/span><span data-preserver-spaces=\"true\"> is \u201cjust another dream.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Besides lambasting the project, the analyst <a href=\"https:\/\/x.com\/CRYPTOAD00\/status\/1907678562762498058\" data-wpel-link=\"external\" target=\"_blank\">noted<\/a> that the coin\u2019s daily unlocks \u201care back in millions.\u201d<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cThe daily unlocks will kill PI. The daily selling pressure is insane.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Earlier this week, Watch<\/span><span data-preserver-spaces=\"true\">.Guru<\/span> <a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/Whale_Guru\/status\/1906962681174577423\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">odhalil<\/span><\/a><span data-preserver-spaces=\"true\"> that <\/span><span data-preserver-spaces=\"true\">more than 121 million PI tokens will be unlocked<\/span><span data-preserver-spaces=\"true\"> na adrese\u00a0<\/span><span data-preserver-spaces=\"true\">the next<\/span><span data-preserver-spaces=\"true\"> 30 days. <\/span><span data-preserver-spaces=\"true\">The increased circulating supply could further negatively influence<\/span><span data-preserver-spaces=\"true\">\u00a0price performance (assuming demand doesn\u2019t react accordingly).<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Currently, the amount of tokens in circulation <\/span><span data-preserver-spaces=\"true\">stands<\/span><span data-preserver-spaces=\"true\"> just below 6.8 billion, meaning that over 90% of the <\/span><span data-preserver-spaces=\"true\">total<\/span><span data-preserver-spaces=\"true\"> designated supply has yet to enter the market.<\/span><span data-preserver-spaces=\"true\"> The de facto circulating supply constitutes locked mining rewards and unlocked mining rewards. The latest data <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/blockexplorer.minepi.com\/mainnet\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">shows<\/span><\/a><span data-preserver-spaces=\"true\"> that almost 75% of the tokens remain locked, raising uncertainty about how the price will react once this amount frees up.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Can Stop the Freefall?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">One <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> factor that may prevent PI\u2019s price from further collapsing and even put the asset on the green track again is support from leading cryptocurrency exchanges. Such a development will increase the token\u2019s liquidity, boost its accessibility, and positively impact<\/span><span data-preserver-spaces=\"true\">\u00a0its reputation.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Binance <a href=\"https:\/\/cryptopotato.com\/binance-listing-pi-token-soon-community-has-the-final-say\/\" data-wpel-link=\"internal\">issued<\/a> a vote in February to determine whether its users wish to see PI trading on the platform. More than 86% of the voters clicked the \u201cyes\u201d option, but the company remains silent <\/span><span data-preserver-spaces=\"true\">on the matter<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Coinbase <\/span><span data-preserver-spaces=\"true\">was also rumored<\/span><span data-preserver-spaces=\"true\"> to embrace PI. Paul Grewal (the company\u2019s chief legal officer) <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/iampaulgrewal\/status\/1900608349898764702\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">triggered<\/span><\/a><span data-preserver-spaces=\"true\"> enthusiasm across the Pi Network community in mid-March when saying:<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cWe take PiDay at Coinbase very seriously.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Despite the interaction, there hasn\u2019t been a follow-up, and the asset remains unavailable on the US-based cryptocurrency exchange.\u00a0<\/span><\/p>\n<p>P\u0159\u00edsp\u011bvek <a href=\"https:\/\/cryptopotato.com\/pi-network-is-a-slow-rug-says-former-pi-proponent\/\" rel=\"nofollow\">Pi Network Is a Slow Rug, Says Former PI Proponent<\/a> se objevil jako prvn\u00ed na <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR PI\u2019s 65% price crash over the past month has shifted sentiment, with even former fans now lambasting the project. Hopes for a recovery rest on potential exchange listings from Binance or Coinbase. From a Supporter to a Critic Pi Network\u2019s native token witnessed another correction in the past 24 hours, with its price tanking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pi Network Is a Slow Rug, Says Former PI Proponent - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/cs\/pi-network-is-a-slow-rug-says-former-pi-proponent\/\" \/>\n<meta property=\"og:locale\" content=\"cs_CZ\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pi Network Is a Slow Rug, Says Former PI Proponent - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR PI\u2019s 65% price crash over the past month has shifted sentiment, with even former fans now lambasting the project. 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