PI硬幣價格真的可以達到5美元嗎？炒作和操縱背後的真相

自2月下旬正式在Mainnet上正式推出以來，就PI網絡項目有很多爭議和猜測。

There’s been a lot of buzz and controversy surrounding the Pi Network project, especially since it finally launched on mainnet in late February. While the Pi coin price hasn't really moved much lately, remaining in the $0.75-$0.80 range over the past few days, rendering it largely unimportant, the biggest crypto YouTube channel, Coin Bureau, decided to clear the air about the project.

PI網絡項目引起了很多嗡嗡聲和爭議，尤其是自2月下旬在Mainnet推出以來。儘管Pi Coin價格最近並沒有真正轉移，但在過去幾天中仍保持在0.75- $ 0.80的價格，這在很大程度上不重要，但最大的加密YouTube頻道Coin Bureau決定清除有關該項目的空氣。

In their in-depth video, host Nick takes a closer look at the founders, how Pi works, how it makes money, and of course, whether that magical $5 Pi coin price is really possible.

主持人尼克在深入的視頻中仔細研究了創始人，PI的工作原理，它如何賺錢，當然還有5美元的$ 5 pi硬幣價格真的是可能的。

Let’s start with the big players behind Pi. While the project is mostly associated with Stanford grads Nicholas Kokalis and Chengdiao Fan, the original team actually included four founders. Vincent McPhillip and Aurelien Schiltz were also part of the early core group. However, Vincent left the project under controversial circumstances and even filed a lawsuit, which was quietly settled in 2023. Aurelien stayed and is still actively contributing to Pi’s codebase.

讓我們從PI背後的大玩家開始。儘管該項目主要與斯坦福大學畢業生尼古拉斯·科卡利斯（Nicholas Kokalis）和成谷（Chengdiao）粉絲有關，但原始團隊實際上包括四個創始人。 Vincent McPhillip和Aurelien Schiltz也是早期核心小組的一部分。但是，文森特在有爭議的情況下離開了該項目，甚至提起了訴訟，該訴訟在2023年悄悄地解決。 Aurelien留下來，仍在積極為PI的代碼庫做出貢獻。

One of the most crucial things to understand about Pi Network is how it actually functions. Unlike most crypto projects that use proof-of-work or proof-of-stake, Pi runs on a modified version of the Stellar Consensus Protocol. It’s extremely centralized—only 28 nodes and 3 validators exist, and all three validators are operated by the Pi core team. This level of control has led to skepticism from individuals seeking a truly decentralized currency.

關於PI網絡的最關鍵的事情之一是它如何實際運作。與大多數使用工作證明或驗證證明的加密項目不同，PI在恆星共識協議的修改版本上運行。它非常集中 - 僅存在28個節點和3個驗證器，並且所有三個驗證者均由PI Core團隊操作。這種控制水平引起了尋求真正分散貨幣的個人的懷疑。

As for mining Pi, it's not really mining in the traditional sense. Users tap a button once a day to demonstrate they're human and engaged in the project. It's more like a gamified rewards system than a blockchain consensus mechanism. And while millions of users have completed KYC to claim their tokens, only a portion of the total supply is currently unlocked and available for trading.

至於採礦PI，從傳統意義上講，它並不是真正的開採。用戶每天點擊一個按鈕以證明自己是人類並參與該項目。這更像是遊戲化的獎勵系統，而不是區塊鏈共識機制。儘管數百萬用戶已經完成了KYC來宣稱其令牌，但目前只有一部分總供應量已解鎖並可用於交易。

This brings us to the tokenomics. Pi has a massive max supply of 100 billion coins. Sixty-five percent is allocated for mining, while the remaining percentage is divided among the team, the foundation, and liquidity. To date, 7.2 billion coins have been mined, but only 2 billion are unlocked for users. Meanwhile, over 3 billion Pi are unlocked for the team and the foundation. This means the core team controls more of the circulating supply than the entire user base.

這使我們進入了令牌學。 PI的最大供應量為1000億個硬幣。分配了65％的人用於採礦，而剩餘百分比在團隊，基金會和流動性之間分配。迄今為止，已經開采了72億個硬幣，但用戶僅解鎖了20億個硬幣。同時，為團隊和基金會解鎖了超過30億的PI。這意味著核心團隊比整個用戶群都控制了更多的循環供應。

Now, for the question everyone wants answered: can Pi coin really reach $5?

現在，對於每個人都想回答的問題：Pi Coin真的可以達到5美元嗎？

Technically, yes, but only if certain conditions are met. The low liquidity on exchanges makes it easier to pump the price. There are only around 300 million Pi coins on known exchange wallets, which is incredibly small compared to other major cryptos. And if the team is selling coins over-the-counter (OTC) and using those funds to work with market makers, they could keep prices artificially high—at least for a while.

從技術上講，是的，但是只有滿足某些條件。交流的流動性低使得更容易抽出價格。已知的交換錢包上只有大約3億個PI硬幣，與其他主要加密貨幣相比，這非常小。而且，如果該團隊正在出售硬幣非處方（OTC）並使用這些資金與做市商合作，那麼他們可以將價格人為地保持高價，至少有一段時間。

Nick explains that this type of price manipulation isn’t unique to Pi. It’s happened with other major projects, too. But because Pi has such low available supply on exchanges, it’s much easier to move. That’s how some people believe Pi could hit $5, even if its fundamentals don’t really justify that valuation.

尼克解釋說，這種價格操縱不是PI所獨有的。其他主要項目也發生了。但是，由於PI在交流中的可用供應量如此之低，因此移動要容易得多。這就是某些人認為PI可以達到5美元的方式，即使其基本面並不能真正證明這一估值是合理的。

The video also briefly mentions upcoming milestones that could drive more attention to Pi and possibly boost price. These include making it easier for people to migrate coins to mainnet, converting Fireside forum tokens into Pi, and onboarding more developers. However, Nick warns that Pi Network’s lack of transparency and slow communication with its community are holding it back. Even now, their roadmap seems outdated and incomplete.

該視頻還簡要提到了即將到來的里程碑，這些里程碑可能會引起PI的更多關注，並可能提高價格。這些包括使人們更容易將硬幣遷移到主網，將Fireside論壇令牌轉換為PI，並攻入更多的開發人員。但是，尼克警告說，PI Network缺乏透明度和與社區的溝通緩慢正在阻止它。即使是現在，他們的路線圖似乎已經過時且不完整。

There are other concerns as well. The KYC process, which Pi handles in-house, raises questions about data privacy and legitimacy. If institutions and exchanges don’t trust it, they won't get involved. And without their support, Pi’s growth could stall.

還有其他問題。 PI在內部處理的KYC流程提出了有關數據隱私和合法性的問題。如果機構和交流不信任，他們將不會參與其中。沒有他們的支持，PI的增長可能會停滯不前。

In the end, the Pi coin hype is built on a strange mix of potential and mystery. It has millions of users but very little liquidity. It promises decentralization yet remains tightly controlled by a small team. And it talks about utility, but the ecosystem is still in its early stages.

最後，PI硬幣炒作建立在潛力和神秘的奇怪組合上。它擁有數百萬用戶，但流動性很少。它承諾權力下放，但仍由小型團隊緊密控制。它談論了效用，但是生態系統仍處於早期階段。

So, could Pi coin hit $5? It’s possible, especially if low liquidity continues and interest spikes from key announcements or listings. But whether it stays there—or even deserves to—depends on how much trust the project can earn from the broader crypto community.

那麼，Pi硬幣可以達到5美元嗎？這是可能的，尤其是如果低流動性繼續並從關鍵公告或列表中產生興趣率。但是，它是否留在那裡（甚至值得）取決於該項目可以從更廣泛的加密社區中獲得多少信任。

For now, it’s a project worth watching but maybe not yet betting your house on.

就目前而言，這是一個值得一看的項目，但也許還沒有押注您的房子。