Is Pi Network a Scam? Why It May Never Hit $1 Again – The Truth Will Shock You!

Jakarta, Pintu News – The crypto market has been filled with ups and downs lately. While many altcoins have experienced small rallies in recent weeks, Pi Network’s coin has not followed the trend.

Instead of rising, the price of Pi Coin continues to weaken. In the last month alone, it’s dropped more than 17 percent in value and is currently trading around $0.43.

Since June, Pi Coin moved within a price range of $0.39 to $0.67, without being able to break out of that pattern.

Massive Token Release Adds Pressure to Pi network

Pi Coin’s situation is getting more difficult after a major event in its ecosystem today. Around 10.8 million PI tokens have been unlocked and released to the market-the largest number released this month.

Read also: When is Pi Network Listing on Binance? Find Out the Answer!

Large releases like this usually increase the circulating supply, potentially pushing prices further down.

However, despite the seemingly weak token price, Pi Network itself is far from a failure. Crypto analyst Kim Wong recently shared his analysis online and called Pi Network a success story.

According to him, Pi Network has attracted more than 65 million users from over 200 countries-a huge number, especially for a project that is still looking for a foothold in the market.

On social media platform X (formerly Twitter), Pi Network has gained over 4.3 million followers, making it the crypto project with the third highest number of followers in the world, behind only Binance and Bitcoin.

KYC Verification and Robust Wallet Activity

More than 18 million users have completed the KYC(Know Your Customer) verification process, and more than 13 million of them have moved their Pi tokens into the wallet. This is a huge number, especially considering that Pi Coin is not yet fully listed on major exchanges.

Despite its low price, Pi Coin is currently ranked 34th in global market capitalization.

Another sign of strength is seen in the technical infrastructure. More than 400,000 nodes are running on Testnet1, Testnet2, and the Mainnet Pi Network.

Read also: Bitcoin’s Grip Loosens—Is This the Start of a Full-Blown Altcoin Season?

New Projects and Tools Launched

There are real products starting to be born out of this network. Recently, Pi launched the $100 million Pi Ventures Fund to support startups using Pi Coin.

Other projects include Pi App Studio, which helps users build apps with AI-based tools, FruityPi games, as well as Pi Domains, which has already started to attract the attention of the community.

Even more impressive is the increasing use of Pi Coin in the real world. More than 27,000 merchants in Asia, Africa, and Latin America now accept Pi for everyday transactions. This is real adoption, not just speculation.

To make using Pi easier, a “BuyPi” feature has been added to the Pi wallet, allowing people to purchase Pi with regular fiat money.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Is Pi Network a Scam That’ll Never Hit $1 Again? 65M Users, 4.3M Followers, 400k Nodes Say Otherwise. Accessed on July 30, 2025