Pi Networkโs (PI) native crypto price flattened by a massive 32% over the time span of 7 days, sending the freshly-launched altcoin below the $1 mark. Indeed, the mobile mining pioneering community had to take a couple of major hits in a few weeks. Firstly, Binanceโs decision not to immediately list Pi Network (PI) after an almost unanimous vote infuriated PI coin holders.
How Sell-Offs Punched Pi Price Below $1
Secondly, the tight Pi token unlock schedule has scared off a group of investors, popularly referred to as โpaper-handsโ, a crypto slang term referring to investors selling out of fear during drastic price fluctuations. On the other hand, Pi Networkโs (PI) mobile mining consensus has made crypto mining accessible to any smart phone user, creating a huge worldwide community.
While Pi coinโs price (PI) now arrives at a make-or-break moment at $0.85, this support level came in handy on March 21, 2025, when the PI Network token unlocks picked up the pace. After dipping another 7% today, Pi coinโs price dipped to $0.90 before an intra-day rebound to $0.94, but the $1 target might not be easily reclaimable.
Scrutiny Over Pi Networkโs Super Nodes
In further detail, some more short-term selling pressure on Pi Networkโs (PI) price is to be expected due to the rising concerns about one group of people controlling the majority of PI coins in circulation. This alleged theory stems from the testnet period of Pi Network (PI), when there were only three active Super Nodes running.
While itโs true that this number has since been increased to 41, these nodes are migrating to the Open Network without a clear requirement structure. To be precise, Super Node positions are not listed in a single file, nor is there an explanation of how to participate in validating nodes.
As a matter of fact, the likelihood of Super Nodes having a powerful hardware requirement would potentially exclude the small mobile mining users from any decision making. Naturally, crypto enthusiasts are seeking for a clear participant reward mechanism, also giving sensible inclusivity to the easy mobile mining pioneers with less equity.
On The Flipside
- To combat any possible PI coin price manipulation, the altcoinโs dedicated developer community started building PiDAO Swap.
- Known as the Pioneers, the Pi Network community members also recently got the chance to register personal .Pi domains.
Why This Matters
Pi Network brought mobile crypto mining to the mainstream, giving millions of crypto enthusiasts the chance to acquire a share of the chain without buying in.
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