儘管下降了54％，但PI網絡價格預測仍然令人驚訝。 PI可以反抗市場懷疑和反彈嗎？

儘管下降了54％，但PI網絡價格預測仍然令人驚訝。 PI可以抗拒市場疑問和反彈嗎？目錄網絡價格受到打擊

The price of Pi Network (PI) has taken a significant hit, with a 54% drop recorded over the past week. Among the top 100 crypto assets, this marks the steepest weekly decline.

PI Network（PI）的價格受到了重大打擊，在過去一周中記錄了54％的下降。在排名前100位的加密資產中，這標誌著每週最急劇下降。

This downturn follows a short-lived rally that saw Pi Network surge from $0.78 on May 11 to a peak of $1.61 on May 12.

這次經濟低迷是在短暫的集會之後的，PI網絡的激增從5月11日的0.78美元到5月12日的峰值1.61美元。

Within 24 hours, this move translated into a 106% increase. The rally was largely driven by anticipation surrounding Pi Network’s upcoming appearance at Consensus 2025 and early hints at a major ecosystem update.

在24小時內，這一舉動轉化為106％。該集會在很大程度上是由於PI Network即將在2025年共識中出現的預期以及在重大生態系統更新中的早期提示所驅動的。

However, the momentum quickly faded. After the May 14–15 reveal of a $100 million ecosystem fund and a planned 'ownerless' Foundation, sentiment shifted.

但是，動力很快消失了。在5月14日至15年5月14日揭露了1億美元的生態系統基金和計劃中的“無人”基金會之後，情緒轉移了。

The announcement, though sizable on paper, was widely interpreted by community members as yet another delay in actual network access rather than a clear turning point.

該公告雖然在紙上很大，但被社區成員廣泛解釋為實際網絡訪問的另一個延遲，而不是明確的轉折點。

As a result, the price fell to $0.68 by May 18, which represents a nearly 58% drop from the May 12 peak.

結果，到5月18日，價格下降到0.68美元，這是5月12日峰值下降了近58％。

As of this writing on May 19, PI is trading around $0.71, reflecting a modest 4.4% recovery from the recent low.

截至5月19日的撰寫本文時，PI的交易約為0.71美元，反映出與最近的低價相比，回收率為4.4％。

In addition, the ongoing lack of exchange listings and persistent KYC limitations continue to restrict trading activity, leaving the price more exposed to perception-driven volatility.

此外，持續缺乏交換清單和持續的KYC限制繼續限制交易活動，使價格更容易受到感知驅動的波動。

Let’s now look more closely at Pi Network’s current ecosystem, recent technical and structural issues, and what kind of price action can reasonably be expected in the days ahead.

現在，讓我們更仔細地研究PI網絡當前的生態系統，最新的技術和結構性問題，以及在未來幾天可以合理地預期的價格行動。

What really happened with Pi Network?

PI網絡真的發生了什麼？

Over the past month, Pi Network made a series of announcements that were supposed to mark a turning point for the project. Instead, they introduced more questions than answers.

在過去的一個月中，PI網絡發表了一系列公告，這些公告本來可以標誌著該項目的轉折點。相反，他們提出的問題多於答案。

The core team had previously hinted at a major ecosystem milestone scheduled for May 14, creating anticipation that the long-awaited decentralized applications would finally become a reality.

核心團隊此前曾暗示了計劃於5月14日舉行的主要生態系統里程碑，這使人們期待已久的分散應用程序最終將成為現實。

Some developments did occur. In early May, Pi Network completed the shutdown of its last remaining central node as part of the Horizon upgrade. This was framed as a step toward decentralization, aligning with earlier claims about preparing the infrastructure for full network autonomy.

確實發生了一些發展。 5月初，PI網絡完成了其最後一個剩餘的中央節點的關閉，作為視野升級的一部分。這是邁向權力下放的一步，與早期關於為完整網絡自治準備基礎架構的主張保持一致。

The team also signaled plans to open-source its codebase, something community members have been requesting for years as a move toward transparency.

該團隊還標誌著計劃開放代碼庫的計劃，社區成員多年來一直要求透明的事情。

On the accessibility side, Pi partnered with Banxa to integrate fiat onramps into the app, allowing users to buy PI using traditional payment methods like credit cards and Apple Pay or Google Pay.

在可訪問性方面，PI與Banxa合作，將菲亞特·特朗普（Fiat Onramps）集成到該應用程序中，使用戶可以使用傳統的付款方式（例如信用卡和Apple Pay或Google Pay）購買PI。

Notably, this service became available even before users completed the in-app know-your-customer process. While this improved entry points into the ecosystem, it did not equate to actual utility for the token itself.

值得注意的是，該服務甚至在用戶完成應用內知道自己的客戶過程之前就可以使用。儘管這種改進的進入生態系統的進入點並不等於令牌本身的實際實用程序。

The key announcement on May 14 was the launch of Pi Network Ventures, a $100 million investment fund aimed at supporting ecosystem development.

5月14日的主要公告是PI Network Ventures的啟動，這是一項耗資1億美元的投資基金，旨在支持生態系統開發。

Alongside this, the team introduced the concept of an “ownerless” Pi Foundation, meant to provide long-term governance for the network.

除此之外，團隊介紹了“無主” PI基金會的概念，該基金會旨在為網絡提供長期治理。

While both initiatives are structurally important, neither included a timeline for the launch of widely usable applications. For users who had been mining Pi for years with the expectation of real-world usage, this marked another delay.

儘管這兩項舉措在結構上都很重要，但都不包含啟動廣泛可用應用程序的時間表。對於多年來挖掘PI並期望現實世界中使用的用戶，這標誌著另一個延遲。

This is especially relevant in the context of earlier guidance. Back in February, the team suggested that over 100 decentralized applications would accompany the Open Network launch.

這在早期指導的背景下尤其重要。早在2月，團隊建議將伴隨開放網絡發布的100多個分散申請。

As of now, aside from experimental events like a Pi domain name auction or a small-scale shopping festival, the actual presence of working applications remains limited. There is no clear indication of when that broader app ecosystem will go live.

截至目前，除了PI域名拍賣或小規模購物節之類的實驗活動外，工作應用的實際存在仍然有限。沒有明確的跡象表明該更廣泛的應用生態系統何時上線。

Further disappointment followed Pi’s appearance at the Consensus 2025 conference. During a keynote, founder Dr. Nicolas Kokkalis discussed long-term visions involving artificial intelligence, digital identity, and decentralized finance.

PI在2025年共識會議上的出現之後，進一步失望。在主題演講中，創始人尼古拉斯·科卡利斯（Nicolas Kokkalis）博士討論了涉及人工智能，數字身份和分散融資的長期願景。

However, he did not provide a roadmap or dates, leaving many attendees and community observers uncertain about the next steps.

但是，他沒有提供路線圖或日期，使許多與會者和社區觀察員對下一步不確定。

Allegations, confusion, and a trust gap

指控，混亂和信託差距

The past week has not only seen Pi Network’s price fall sharply, but also a visible breakdown in trust within its user base. As the price corrected, community sentiment across platforms like Discord and X turned openly critical.

在過去的一周中，PI網絡的價格急劇下降，而且在其用戶群中的信任下明顯細分。隨著價格糾正，跨越平台和X等平台的社區情緒變得公開關鍵。

A growing number of long-time Pi users, known as “Pioneers,” began voicing concerns that the project was being deliberately delayed, with little effort to provide real utility or access.

越來越多的長期PI用戶被稱為“先驅者”，開始對該項目被故意延遲表達出來，幾乎沒有努力提供真正的效用或訪問權限。

These frustrations were compounded by fresh allegations. On May 17, an X user known as Dr. Picoin, a Pi-focused community analyst, posted blockchain screenshots claiming that a Pi core team-linked wallet moved 12 million PI tokens close to the time when the token reached its recent high.

這些挫敗感被新的指控加劇了。 5月17日，以PI為重點的社區分析師Picoin博士Picoin博士發布了區塊鏈屏幕截圖，聲稱Pi Core團隊鏈接的錢包將1200萬個PI代幣移動到了Token最近達到其最新高點的時候。

In the last 24 hours alone, PCT sold approximately 12 million Pi! @PiCoreTeam@nkokkal

僅在過去的24小時內，PCT就售出了大約1200萬個PI！ @picoreteam@nkokkal