Latest news with #PiNetwork
Business Mayor
5 days ago
- Business
- Business Mayor
Pi Coin News: Insider Turmoil and Token Surges Shake Pi Network As Transparency Demands Grow Louder
Pi Network's community, once united by its vision of a mobile-mined, egalitarian cryptocurrency, is increasingly fragmented. In mid-May 2025, over 102.7 million Pi tokens were suddenly withdrawn from cryptocurrency exchange OKX in just three days, sparking volatility and suspicion of insider activity. The surge in Pi Coin transactions—some exceeding 70 million tokens per move—has heightened fears of centralisation and lack of transparency within the Pi Network, even as its token, priced at approximately $0.79, continues to fluctuate sharply from its early 2025 peak of $2.99. Blockchain researchers and analysts now point to troubling signs of internal wallet manoeuvring according to a report by Brave New Coin. These include reports of dormant Foundation-controlled wallets reactivating and selling millions of tokens, further fuelling scepticism over whether Pi Network is truly decentralised, as it has long claimed to be. Key Developments: Price Instability, Insider Concerns The Pi Coin has dropped over 4.8 per cent in the past 24 hours, despite showing a 30 per cent monthly gain. Analysts argue that large-scale token unlocks and strategic sell-offs are depressing the price and creating instability. The token is now facing strong resistance around the $0.90 mark and could dip as low as $0.66 if selling pressure intensifies, warns citing bearish flag patterns on trading charts. 'The PI Coin value is forming a bearish flag,' reported 'with the risk of a drop toward $0.66 if selling pressure intensifies.' Meanwhile, Dr. Altcoin, a well-known blockchain investigator, flagged that more than 1.4 million Pi tokens were sold on from a wallet allegedly linked to the Pi Foundation, raising red flags.'It's not about FUD,' said Dr. Altcoin on X, 'It's about accountability, transparency, and fair participation in a network that has claimed to be for the people.' He further estimates that wallets believed to be under the control of the Pi Foundation currently hold more than 90 billion tokens. Planned Unlocks Stir Market Fears Adding to concerns is the scheduled unlocking of over 1.47 billion Pi tokens in the next 12 months, with 110 million already released in May 2025. While part of a previously announced tokenomics roadmap, the scale and timing of these unlocks—coinciding with insider activity—are shaking investor confidence. '1.4 million Pi moved from an old Foundation wallet to a new one, then sold on insider concerns,' stated Dr. Altcoin, citing on-chain transaction data. Community Frustration Grows Amid Transparency Demands Pi Network's community, once united by its vision of a mobile-mined, egalitarian cryptocurrency, is increasingly fragmented. Longstanding issues with Know Your Customer (KYC) processes, limited utility, and the absence of a mainnet migration for most users have resulted in mounting dissatisfaction.'There are no substantial DeFi projects or dApps built on Pi crypto yet,' a market commentary cited by Brave New Coin noted, adding that, 'Without real use cases, the Pi token price will struggle to sustain any meaningful upside.' Despite launching a $100 million venture fund for dApp development, the Pi Network still lacks key listings on major exchanges like Binance, further reducing liquidity and trader interest. Optimism Endures—But So Do Doubts Some supporters remain hopeful. Crypto influencer Mr. Spock commented that,'While doubters watched from the sidelines, true Pioneers kept mining, building, and believing — and now, the results are beginning to show,' as quoted by Brave New Coin. Another user added, 'This is no longer a testnet experiment—Pi Network Coin is stepping into the real world.' However, until the Core Team addresses issues around token distribution, wallet transparency, and ecosystem utility, Pi Network risks losing trust at a critical juncture of its growth. Analysts warn that future performance will hinge on whether these structural weaknesses are tackled head-on. READ SOURCE
Business Mayor
20-05-2025
- Business
- Business Mayor
Pi Network Faces Obstacles As Price Wobbles Below $1, What's Happening?
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Pi Network has seen its price struggle since its launch after an initial rally pushed the price to $2.98. Its launch in February 2025 was highly anticipated and triggered its lift-off as believers who had been with the project for five years were finally rewarded. However, with the passage of time, the coin has also succumbed to the pressures from the bears and has now fallen by more than 75% from its all-time high. So, in this report, we take a look at the Pi Network price and the reasons behind the consistent decline. Pi Network Runs Into Post-Launch Troubles It's been three months since the Pi Network main net launch and the project has already been faced by problems. The first problems that arose after launch was the locked coins and lots of miners being unable to claim their coins due to KYC issues. Nevertheless, the coin continued to maintain the trust of its users. With months already gone, the lack of listing on Tier 1 crypto exchanges such as Binance and Coinbase has raised concerns among investors. Given that the altcoin is now a top 30 cryptocurrency with a market cap of over $5 billion, it makes it one of the only few coins in this category with no Tier 1 listing. As a result of this, community members have speculated that the team's actions could be the reasons behind the lack of listing. This is because top exchanges usually require transparency before listing tokens due to their large audience and there are rumors that the Pi Network team have been less than forthcoming about their token. Another issue that has risen up is the lack of decentralized finance (DeFi) usage on the platform. No DeFi apps have been deployed, thus leaving the Pi Network price at the mercy of crypto market forces, with no real activity to create demand and push it higher. Pi Network community members have also called for transparency on the $100 million Pi Network Ventures fund that was announced to promote innovative startups. So far, there have not been any developments that would show growth to the community. Price Runs Into Troubles With no network activity driving the Pi Network price, it has fluctuated with the crypto market. During the weekend, the altcoin saw an over 50% surge above $1.2. But this rally was short-lived as the price has since retraced and crashed back down below $1. This struggle below $1 mirrors the lack of strong support as the community is still doubting the future of the token and are questioning whether the Pi Network team will deliver on its promises. If these promises do end up being a reality, it is likely that the Pi Network price does reverse and test for new highs this bull cycle. Price wobbles with lack of support | Source: PIUSDT on Featured image from Dall.E, chart from
Business Mayor
15-05-2025
- Business
- Business Mayor
Pi Network goes open-source next week, but there's still one catch
Pi Network shuts down its central node and preps open-source code, citing decentralization goals. Big announcements teased could redefine Pi's future — or deepen the decentralization debate. Just as the crypto crowd descends on Toronto for Consensus 2025, Pi Network [PI] has decided to steal a bit of the spotlight, shutting down its central node and open-sourcing its code in one bold move. Add to this an announcement wrapped in mystery, and we've got all the ingredients for a stunner. But is this a real step toward decentralization, or just a well-timed flex? Either way, the Pi community has reason to stay tuned – because the next chapter might just be the most telling yet. A central node no more Pi Network's core team has officially shut down its central node. The announcement was paired with a network diagram that visually confirmed the node's removal. Source: X The shift is in line with Pi's mission to evolve into a decentralized blockchain, secured by its proprietary improved proof of stake (IPoS) mechanism. With the source code soon to be released, the Pi community awaits developments that bring in a new era of transparency. But while enthusiasts celebrate, critics remain unconvinced. The network's referral-based mining model and notably opaque governance still raise eyebrows. Notably, the core team's continued control over supernode selection — and its reported hold on 82.8 billion PI — have fueled ongoing concerns about the project's decentralization claims. All eyes on Consensus The timing couldn't be better. Just as the crypto world swarms to Consensus 2025, Pi Network is hyping the community up with a series of not-so-subtle teasers. First up: a major announcement slated for the 14th of May. Source: X Then? Promises of something 'GREAT/GOOD' on the 15th, capped off by a speech from Pi co-founder Dr. Nicolas Kokkalis on the 16th. Source: X This is a three-day show that has the world talking — and the stakes have never been higher. Read More XRP: Bulls and bears locked in struggle – What of prices? The decentralization debate Even with the central node gone and open-source code on the horizon, Pi Network hasn't fully shaken off the criticism. Its mainnet remains closed, coin transfers are still off-limits, and basic access features like 'lightning' often require VPNs in some regions. For a project that champions decentralization, these roadblocks feel at odds with the message. The upcoming announcements may bring about a change, but until the network becomes truly open and borderless, nothing's for certain.
Business Mayor
13-05-2025
- Business
- Business Mayor
Pi Network Price Prediction 2025, 2026 – 2030: Why Is Pi Coin Dropping?
Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that's right, millions love us!) — what are you waiting for? Story Highlights Pi Network price rallies over 34% in 3 days, nearing $1 mark. Banxa integrates with Pi, acquiring 10 million PI tokens post-KYB approval. Price prediction for 2025 targets $1.74, with potential highs of $2.0 and $3.0. The Pi Network is making waves once again, as its price sees a sudden and powerful breakout backed by real-world developments and renewed investor confidence. With increased activity on major exchanges, rumors of Pi Coin Binance listing, and global adoption efforts, Pi is becoming one of the most-watched tokens in the Crypto market. Global interest in Pi Coin price is surging, especially in regions like India and Pakistan, where users are actively searching for '1 Pi to PKR in 2025' and 'Pi Network price in India in the future.' Overview Cryptocurrency Token Price Market cap Circulating Supply Trading Volume All-time high $2.98 on 26th February 2025 All-time low $0.6152 on 20th February 2025 Pi Network May News Pi coin Price surged more than 100% since the start of May. The rally is backed by massive accumulation, as on-chain data shows millions of Pi tokens were bought from OKX and transferred to private wallets, signaling long-term investor confidence. Additionally, Banxa—a global payments platform—just integrated with Pi Network and acquired 10 million more tokens after receiving KYB approval to support Pi trading globally. Adding to the excitement, rumors are swirling that Binance might list Pi Coin, following a cryptic teaser from Pi Network's official X (Twitter) account promising 'something big' on May 14. Pi Network Price Prediction 2025 Pi Network/USD 1D Chart As seen on the daily chart, Pi (PI) reached nearly $3 on OKX back in February. However, the price sharply crashed following heightened geopolitical tensions triggered by widespread trade conflicts between multiple countries. This turmoil caused major global equity and crypto markets to plummet—PI included. Fast forward to May 2025, the landscape appears to be shifting. Market sentiment is improving, and PI's recent price action is showing signs of bullish support. Technical indicators like the Volume Profile and Fibonacci Retracement (from February's high to the recent low) highlight a critical level at $1.740—the 0.5 Fibonacci mark, which also aligns with a high-volume price area. This convergence signals the importance of this level. If bullish momentum continues through May and the coming months, the $1.74 level could act like a price magnet, drawing PI toward it. However, this is also a known supply zone, meaning strong buying pressure will be required to break and hold above it. If PI manages to flip $1.74 into support, higher targets like $2.00 and $3.00 could come into play later in 2025. could come into play later in 2025. On the flip side, if the price fails to hold this level, bearish rejection could drag PI back down to $1.00 or even $0.60. In summary, $1.74 stands as a make-or-break zone for PI, and how the price reacts here could shape the token's mid-term trajectory. Pi Coin Price Targets 2026 – 2030 Year Potential Low ($) Potential Average ($) Potential High ($) 2026 $0.85 $2.25 $3.50 2027 $1.25 $3.25 $5.25 2028 $2.00 $5.50 $8.50 2029 $3.50 $8.50 $13.75 2030 $5.50 $13.75 $22.00 Pi Crypto Price Forecast 2026 The Pi crypto prediction for the year 2026 could range between $0.85 to $3.50. Considering the buying and selling pressure, the average price could be around $2.25 for that year. Pi Coin Price Prediction 2027 During 2027, the Pi network value could reach a maximum trading value of $5.25 with a potential low of $1.25. Evaluating the market sentiments, the average price of this altcoin could settle at around $3.25. Pi Token Price Projection 2028 By 2028, the value of a single Pi coin price could reach a maximum of $8.50 with a potential low of $2.00. With this, the average price could land at around the $5.50 mark. Pi Network Price Analysis 2029 Looking forward to 2029, the Pi coin Price may range between $3.50 and $13.75, and a potential average value of around $8.50. Pi Network Price Prediction 2030 As per our Pi Coin Price Prediction 2030, the Pi coin value in 2030 could reach a high of $22.00. However, the viral altcoin could record a low of $5.50 and an average price of $13.75, if the crypto market turns bearish. Considering stacking more ETH tokens before the altcoin season begins? Read CoinPedia's Ethereum price prediction 2025, 2026 – 2030! Market Analysis Firm Name 2025 2026 2030 CoinCodex $ 2.08 $ 1.48 $ 2.63 $1.08 $1.61 $6.74 DigitalCoinPrice $107.98 $125.57 $265.95 *The aforementioned targets are the average targets set by the respective firms. Also, read Binance coin price prediction 2025, 2026 – 2030! Coinpedia's PI Coin Price Prediction In 2025, a large accumulation is observed with some important integrations in its ecosystem, and there are more developments too, to join in the following year, which paints the picture green mostly for the Pi Network. It is expected to see significant price action, with a target of $1.74 as a key resistance level. If bullish momentum continues, the price could potentially reach $2.0 and $3.0. Conclusion The Pi Network's recent developments—from major token accumulation and Banxa integration to Binance listing rumors—are clear indicators that Pi is no longer just a test project. As market conditions turn favorable and institutional interest grows, Pi Coin is entering a new phase of maturity. FAQs How to sell Pi Coin? Complete KYC in the Pi Network app, then migrate your Pi to the Mainnet, and use a supported exchange like OKX, MEXC, or Flitpay, deposit your Pi and sell it for cryptos or FIAT. What is Pi coin value in USD? The Pi coin today is changing hands at $1.10. Is Pi coin a good investment? If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year. How much is 1 Pi in rupees? The value of 1 Pi coin in rupees is INR ₹94.22. When will Pi coin launch on Binance? Currently, there is no clarity on the launch of Pi coin on Binance. What could be the Pi coin price in India in 2030? The Pi network price in India in 2030 could be a maximum of $22.00. Where to buy Pi coin? Pi Coin is listed on 12 exchanges, including OKX, Bitget, MEXC, HTX, CoinEx, BitMart, LBank, DigiFinex, CoinW, GCB Exchange, and Pionex.
Yahoo
13-05-2025
- Business
- Yahoo
Top Altcoins of the Week: Altcoin Market Pops As ETH, PI, And PEPE Post Double-Digit Gains
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. This week brought a wave of momentum across the altcoin market, fueled by Bitcoin's strength and growing optimism around macro developments like the recent U.S.-U.K. trade deal. The total altcoin market cap—including Ethereum—briefly surged more than 17% before cooling off late Friday, now sitting at $1.16 trillion. Here's a look at the five top-performing altcoins that led the charge. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Ethereum Name Service, or ENS, simplifies blockchain interactions by allowing users to register human-readable domain names for Ethereum wallet addresses. Current price: $22.50 Gained 22% on the week but gave back 6% of daily gains Friday. Rejecting from March 2 highs, a significant resistance level. Bullish structure remains intact if it holds above $21. Pi Network aims to make cryptocurrency more inclusive by enabling users to mine coins directly from their mobile phones without advanced hardware. Current price: $0.7389 Up 24% this week, now retesting April 14 highs. Traders are watching closely to see if it can break through this zone or get rejected. Ethereum is the leading smart contract platform that powers decentralized applications, DeFi protocols, and NFT ecosystems. Current price: $2,339 Hit a high of $2,490 before giving back around 5% from Friday's gains. Currently rejecting from March 2 resistance, a key supply area. Trending: New to crypto? on Coinbase. Pyth Network provides decentralized real-time market data to smart contracts by aggregating price feeds from major exchanges and institutions. Current price: $0.197 Gained 31% in just two days but still down 82% from all-time highs. Approaching key resistance at the $0.20 mark; breakout or rejection could determine short-term direction. Pepe is a meme-based cryptocurrency inspired by the internet character "Pepe the Frog," thriving on viral culture and speculative trading. Current price: $0.000012285 Biggest gainer this week, rising 43% with a midweek peak over 70%. Pulled back like most altcoins late Friday but still ended strong. Highly speculative with extreme volatility—traders should tread carefully. The strong performances from altcoins this week highlight renewed confidence in the broader crypto market, but that excitement should be balanced with caution. Many of these assets remain well below their all-time highs—some still down over 70%. Rather than reacting to short-term percentage spikes, investors would be wise to evaluate real-world utility, tokenomics, and long-term viability. Timing and patience remain key. Stick to your plan, manage your exposure, and remember: solid entries often come after the hype fades. Read Next: A must-have for all crypto enthusiasts: . 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article Top Altcoins of the Week: Altcoin Market Pops As ETH, PI, And PEPE Post Double-Digit Gains originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
