Pi Network May 2025: Between Hope and Reality

After a long wait, Pi Network officially launched its mainnet on February 20, 2025. However, the community’s high expectations were not fully met.

The price of Pi Coin (PI) briefly reached US$2.90 but then experienced a sharp drop of 46% within 24 hours, reflecting the market’s disappointment with its initial performance.

Price Performance: Volatility and Uncertainty

Based on information quoted from Beincrypto media, since the mainnet launch, the price of PI has shown high volatility. After reaching its peak, the price plummeted and even touched the US$0.60 level.

Strong selling pressure and a lack of buying support have made it difficult for PI to recover, despite efforts from the community to maintain its value.

Technical Analysis: Bearish Signals Dominate

Technical indicators point to a strong bearish trend. The Relative Strength Index (RSI) is below the neutral level, indicating weak buying momentum.

In addition, the Average Directional Index (ADX) shows increased strength in the downward trend, while the Chaikin Money Flow (CMF) is in negative territory, reflecting significant capital outflows.

Market Sentiment: Skepticism and Hope

Despite significant pressure, part of the community remains optimistic about Pi Network’s future.

The participation of Pi Network founder, Dr. Nicolas Kokkalis, at the Consensus 2025 event is expected to boost the project’s visibility and credibility, and attract new investor interest.

However, without an increase in real-world utility and broader adoption, market skepticism is likely to persist.

Conclusion: A Long Road to Success

Pi Network faces major challenges in its effort to become a key player in the crypto world.

A disappointing mainnet launch, heavy selling pressure, and negative market sentiment are its primary obstacles.

To turn things around, Pi Network needs to focus on developing real utility, increasing adoption, and building trust among the community and investors.