Will Pi Network Make a Comeback? Crypto Expert Reveals Bold Plan to Save Pi Coin!

Jakarta, Pintu News – After Pi Network (PI) experienced a decline of more than 20% in the past week, analysts began to come up with various suggestions to prevent Pi Coin from falling deeper.

Pi Network enthusiast, Dr. Altcoin, suggested that the Pi core team (PiCoreTeam) could revive the market in the short term by burning a large amount of Pi coin.

Pi Network Must Burn Pi Coin as a Quick Solution to Price Drops

When the price of Pi Network threatened to drop to $0.3, an expert stepped in with a solution to prevent further decline.

Community member, Dr. Altcoin, argues that investors should accept the reality of the network’s current state in the midst of a sharp decline.

Read also: Pi Network Price Freefalls, Will Pi Coin Hit a New Low?

In an analysis on the X platform, Dr. Altcoin noted that a deeper price correction would delay the Pi Network from reaching new record highs. To prevent a more severe drop, he urged the Pi core team (PiCoreTeam or PCT) to immediately burn a large number of Pi coins.

According to Dr. Altcoin, Pi coin burns are a short-term solution to the declining asset value. By reducing the number of coins in circulation, scarcity will be created, potentially increasing the price and triggering a rally.

“The quick solution?” asked Dr. Altcoin. “PCT should burn their billions of Pi coins from those over 20,000 Pi Foundation wallets.”

For the record, since its inception PCT controls more than 80 billion Pi coins spread across various wallets. Although coin burns can push the price up, the unlocking of Pi tokens has triggered negative sentiment among investors, eventually causing the price to drop below $1.

Pi Network’s Long-Term Plan Still Hanging in the Balance

While token burns can have an impact on Pi’s price movements in the short term, Dr. Altcoin’s long-term solution seems to be to leave everything to fate.

According to him, there’s not much the Pi core team (PiCoreTeam or PCT) can do other than “wait” and “hope” for Pi to follow in the footsteps of a long-term rise like Bitcoin.

“The long-term solution?” said Dr. Altcoin. “Be patient and hope Pi evolves like BTC, instead of ending up like XRP.”

While it may seem passive, there are steps the PCT can take to put Pi Network on the right track.

Read also: Binance Rejects Pi Network in Listing Selection Initiative, What’s Up?

As a first step, Dr. Altcoin suggested that the PCT improve the Know Your Business (KYB) process for projects looking to build in the Pi ecosystem. PCT was criticized after PiDaoSwap launched NFTs on the BSC network due to delays in the KYB process.

Dr. Altcoin also added that PCT’s transparency in the token’s burning and unlocking mechanism will be an important factor in Pi’s listing on major exchanges such as Binance and Bybit, potentially driving the price up.

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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:

• Coingape. Expert Calls On Pi Network To Burn Tokens To Revive Pi Coin Price. Accessed on April 7, 2025

*Featured Image: Coinpedia