Pi coin fell by 60% in a week! The community's expectation for the "DApp ecosystem launch" has failed, and Pi Network is facing a trust test.

The price of Pi Network's native token PI fell sharply by nearly 60% this week, presumably because the official major announcement did not meet the community's expectations, causing a crisis of community trust and hidden worries about future development. (Synopsis: Binance launches "whether to list Pi coins" vote, community acid: want to prostitute new users for nothing and don't want to be responsible) (Background supplement: Pi Network refutes Bybit CEO fraud allegations: the name is fraudulently used, we are a legitimate platform!) Pi Coin rose more than 20%) Pi Network, which started with "mobile mining", finally opened its mainnet on February 20 this year and launched a number of well-known exchanges after more than six years of waiting. The Pi coin price briefly approached $3 a week after its launch, but then fell all the way. After entering April, it was in the $0.6 range for more than a month, and it was not until mid-May that the community reported that Pi Network officially would make a major announcement at the Consensus 2025 conference that just ended this week, and the coin price resumed its rally, once touching $1.67. Pi Network's huge user community has extremely high expectations for the event, and many people expect to announce the launch of large-scale decentralized applications (dApps) on Pi to expand the current barren ecosystem. However, the big news announced by the Pi core team at the meeting was the establishment of Pi Network Ventures: a $100 million ecological fund designed to support builders in the Pi ecosystem, and the widespread expectations of the community, which led to a rapid spread of disappointment. X user Dr Altcoin writes: After six years of dedication, mining, promoting, and waiting, the pioneers look forward to a thriving ecosystem. However, we learned that most of the promised 100 DApps have not yet materialized, and now we will use $100 million to build them Another community user mocked that Pi Network Ventures' $100 million ecological fund was collected through Google Forms, which is a "Big Shame" for an ambitious project that has been under construction for six years. This is a big shame , has big has @PiCoreTeam claimed , you apply for there 100m pi network venture application with Google form. 6 years on building indeed. pic.twitter.com/i4rdgaRhNv — ETO (Earnathon) (@nwabishop) May 15, 2025 The disappointment of the community is also reflected in the price of the coin, Pi coin fell rapidly from the high, At one point, it fell more than 60% this week, and it is now at $0.72 at writing. Future outlook and the road to rebuilding trust Of course, the Pi official team was not without success at the Consensus 2025 conference, they outlined some future technical directions of the project, such as planning AI tools, exploring DePIN applications, and promoting network upgrades called "Horizon", Pi Network co-founder Dr. Nicolas Kokkalis also said that the network's centralized nodes have been removed. Paving the way for more comprehensive decentralization. But it is clear that these moves will not meet the expectations of the large community in the short term. In the future, if Pi Network is to successfully emerge from the current morass of trust and move towards a larger vision, it will be an urgent task to adopt a more open and transparent communication strategy, actively and effectively respond to the legitimate concerns of the community, and demonstrate the fairness and openness of its operations through concrete actions and verifiable progress. Related reports The Pi coin community is large, but what are the dApps applications in the Pi Network ecosystem? Pi coin fell below $1, Bybit CEO reiterated that it will not be listed: Pi Network is a scam KOL broke the news that Jupiter "joined hands with the flow pool" to cut leeks, and the founder urgently clarified: It has nothing to do with LIBRA tokens, and there is no insider operation "Pi coins fell 60% in a week! The community's expectation that "the DApp ecosystem failed to go online and Pi Network faces the test of trust" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".