Pi Coin Crashes Hard: Token Unlock Sparks Sell-Off. Community Outraged. Project’s Future Uncertain

Pi Coin is currently trading at $0.60, struggling to break through the $0.65 resistance level. Its price has dropped around 60% over the past month and is down more than 80% from its peak on February 26. The main reason behind this sharp decline is a massive token unlock happening this month. According to data from PiScan, over 119 million Pi tokens will enter circulation in April, with another 188 million expected to be released next month. These large unlocks are putting heavy downward pressure on Pi’s price. As millions of new tokens suddenly enter the market, supply increases sharply while demand remains relatively unchanged. Many holders of the newly unlocked tokens are selling immediately to secure profits, triggering a wave of sell orders that push the price lower. This imbalance between supply and demand may cause even more selling, as other investors rush to exit and limit their losses. The token unlock has sparked outrage within the Pi Network community. Pi Network Turkey, the largest community group in the country, has openly criticized the core team. They claim the developers are taking a top-down approach, ignoring community feedback, and failing to deliver on their promises of decentralization. The group also points to broken commitments, lack of transparency, and repeated delays in launching the Open Mainnet. Adding to the concern, the official Pi Network X account (formerly Twitter) has been completely silent since April 1. The absence of any updates for over 10 days—during such a critical period—has raised speculation that the core team may be abandoning the project. This silence has only increased anxiety among holders who are already worried about falling prices and the unclear direction of the project. One frustrated community member shared: "More and more people are giving up on mining Pi. Why? Because the Pi they've mined hasn't even been transferred to their wallets. They’re just waiting… waiting… and waiting some more, with no end in sight. Hope is fading, and frustration is growing." Experts believe Pi's value is falling not only due to the token unlocks, but also because growing doubts are emerging about the project's roadmap and execution. As questions rise about whether Pi Network is truly building a meaningful Web3 ecosystem or simply riding the crypto hype wave, the project’s reputation appears to be in trouble. #CryptoForBeginners #CryptoInvestingTips #LearnCrypto #BeginnerCryptoGuide #HowToInvestInCrypto