Pi Network Amid Market Turbulence: Why Holders Still Believe

In the volatile world of crypto, price swings are expected. But when a token falls to near-zero levels, panic often follows. That’s not the case for Pi Network. Despite its native token, Picoin, hitting an all-time low of $0.32, many holders remain unfazed. As one user, quoted by @bencryptoooo, put it: “Even if Pi were to fall to $0 on exchanges, I wouldn’t be worried. What really matters is that I have my coins securely in my Pi wallet.”

This sentiment reflects a deeper belief in the project’s long-term vision, one that goes beyond short-term market fluctuations.

The Price Collapse: What Happened to Picoin? Pi Coin’s recent decline has been dramatic. Following months of stagnant development and limited exchange support, the token dropped below key support levels, triggering widespread concern. Analysts point to several factors:

• Over 160 million PI tokens were unlocked in August, flooding the market

• Allegations of insider dumping, with over $8 billion worth of tokens reportedly offloaded by Pi Core wallets

• Lack of listings on major exchanges like Binance and Coinbase, limiting liquidity and investor access

• Declining daily active addresses and reduced user engagement post-mainnet launch

Despite these challenges, some whales have continued accumulating Pi, suggesting strategic long-term interest.

Smart Contracts and Wallet Sovereignty One reason for continued confidence among Pi holders is the project’s emphasis on smart contracts and wallet control. Unlike many centralized crypto platforms, Pi Network allows users to store and manage their coins independently. This decentralization of ownership is a core principle of Web3, and Pi’s wallet infrastructure reflects that.

The Pi Wallet has recently added new features, including fiat on-ramps via Apple Pay for U.S. users. These developments aim to strengthen the utility of Picoin and encourage users to hold rather than sell.

Web3 Vision and Ecosystem Expansion Pi Network positions itself as more than a coin—it’s a full ecosystem. Developers are building decentralized applications (dApps) using Pi App Studio, and the Pi Browser enables users to interact with Web3 services. The project’s roadmap includes staking, app voting, and peer-to-peer commerce, all designed to empower users and decentralize governance.

However, critics argue that the lack of mature dApps and real-world use cases continues to hinder adoption. Without meaningful utility, even the most secure wallet cannot protect against declining value.

Community Strength vs. Market Skepticism The Pi community, known as Pioneers, remains one of the most active in the crypto space. Millions of users across 150+ countries have mined Picoin through mobile apps, creating a vast user base. But community strength alone cannot sustain price.

Market analysts warn that unless Pi Network secures listings on top-tier exchanges and delivers on its utility promises, the token may continue to struggle. Exchange balances have reached record highs, indicating rising sell pressure. Technical indicators also suggest bearish momentum, with RSI levels approaching oversold territory.

Let me be clear ,even if Pi were to fall to $0 on exchanges, I wouldn't be worried. What really matters is that I have my coins securely in my Pi wallet. pic.twitter.com/CqjmF3GBpS

— Ben (@bencryptoooo) August 5, 2025

The Role of Exchange Listings Exchange accessibility remains a major hurdle. While Pi Coin is available on platforms like OKX, Gate.io, and MEXC, it has yet to appear on Binance or Coinbase. This limits exposure and liquidity, making it difficult for new investors to enter the market.

Some speculate that strategic accumulation by whales may be in anticipation of a major listing. Others caution that such listings could trigger another wave of profit-taking, leaving retail investors vulnerable.

Token Unlocks and Price Volatility August 2025 marks a critical period for Pi Network, with over 160 million tokens scheduled for release. These unlocks represent potential selling pressure that could further depress prices. Analysts suggest that unless buying momentum strengthens, Pi Coin may test new lows.

The Pi Core Team has encouraged users to lock up their tokens to reduce circulating supply. While this may stabilize prices temporarily, long-term recovery depends on real demand and utility.

Holding Through the Storm: A Psychological Shift The statement shared by @bencryptoooo—“Even if Pi were to fall to $0, I wouldn’t be worried”—captures a psychological shift among crypto holders. For many, the value of a coin is not just its market price, but its potential and the control they have over it.

This mindset aligns with the ethos of Web3, where users prioritize sovereignty, decentralization, and long-term vision over short-term gains.

Conclusion: A Project at a Crossroads Pi Network stands at a crossroads. On one hand, it boasts a massive user base, a decentralized wallet system, and a growing ecosystem. On the other, it faces serious market challenges: price collapse, limited exchange access, and questions about utility.

Whether Pi Network can overcome these hurdles will depend on its ability to deliver real-world applications, secure strategic partnerships, and maintain transparency. For now, holders remain hopeful—and committed.

As the crypto sector continues to evolve, Pi Network’s journey offers a compelling case study in resilience, belief, and the power of decentralized ownership.

Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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