PI網絡下降了54％，因為市場對2025年共識的令人失望的外觀和未驗證的傾銷指控做出反應

在過去一周中，PI Network的價格下降了54％，這是前100名加密貨幣資產中每週最陡峭的下降。

Pi Network's price has dropped a staggering 54% over the past week, making it the worst performer among the top 100 crypto assets. The token experienced a remarkable surge from $0.78 on May 11 to reach a peak of $1.61 on May 12, showcasing an incredible 106% rally within just 24 hours.

在過去一周中，PI Network的價格下跌了54％，使其成為前100名加密貨幣資產中表現最差的人。該令牌從5月11日的0.78美元開始，5月12日達到1.61美元的高峰，在短短24小時內就展示了令人難以置信的106％集會。

This rapid move was fueled by anticipation for Pi Network's appearance at Consensus 2025 and hints at a major ecosystem update. However, the momentum took a dramatic turn. After the May 14-15 announcement of a $100 million ecosystem fund and a new governance structure, sentiment shifted dramatically. By May 18, the price dropped to $0.68, indicating a nearly 58% decline from the May 12 high. As of May 19, PI was trading around $0.71, showing a modest 4.4% recovery from recent lows.

這一迅速的舉動是由於PI Network在2025年共識中出現的預期，並暗示了一個重大的生態系統更新。但是，這種勢頭髮生了巨大的轉變。 5月14日至15日宣布了一項耗資1億美元的生態系統基金和新的治理結構之後，情緒發生了巨大變化。到5月18日，價格下降到0.68美元，表明5月12日高點下降了近58％。截至5月19日，PI的交易約為0.71美元，顯示出比最近的低點相比回收的4.4％。

Now, the token is consolidating under key resistance levels as analysts await a breakout. Pi Coin has seen a strong rally of over 45% from its May 17 low of $0.6595, but it's encountering resistance around the $0.75 mark. It has failed several times to break through the $0.752-$0.754 barrier.

現在，隨著分析師等待突破，令牌正在鞏固關鍵阻力水平。 Pi Coin的強勁拉力率從5月17日的低點為0.6595美元，但遇到了0.75 $ 0.75的阻力。它已經失敗了幾次，無法突破$ 0.752- $ 0.754的障礙。

A symmetrical triangle is forming on the 4-hour chart, showing tightening consolidation just below a descending trendline from the recent local high. This setup, along with the fact that Bollinger Bands are getting narrower and volume is decreasing, suggests an breakout is imminent.

在4小時的圖表上形成了一個對稱的三角形，顯示了近期局部高趨勢線以下的緊縮鞏固。這種設置以及布林樂隊變得越來越窄，音量正在減少，這表明即將進行突破。

The price is currently pivoting between the rising support at $0.71 and the resistance at $0.75. Analysts suggest that a decisive move could happen within the next 24 to 48 hours. A bullish breakout above $0.754 could send Pi Coin surging to $0.80 or even $0.90, but failure to hold above $0.707 might drag the price back to the $0.685-$0.673 support zone.

目前，價格在0.71美元的上漲和0.75美元的電阻之間樞紐。分析師認為，在接下來的24至48小時內可能會發生決定性的舉動。超過$ 0.754的看漲突破可能會使Pi硬幣飆升至0.80美元甚至0.90美元，但未能持有的價格超過$ 0.707，可能會將價格拖回0.685- $ 0.673的支撐區。

Short-term indicators are offering little direction. The RSI on the 30-minute chart stands at 47.8, slightly below the neutral 50 level, while the MACD histogram remains flat, suggesting the market is in a wait-and-see mode.

短期指標幾乎沒有方向。 30分鐘圖表上的RSI為47.8，略低於中性50級，而MACD直方圖保持平坦，這表明市場處於候補模式。

In early May, Pi Network completed the shutdown of its last remaining central node as part of the Horizon upgrade, which is being presented as a step toward decentralization. The team also announced plans to open-source its codebase, a request that community members have been making for years.

5月初，PI網絡作為視野升級的一部分完成了其最後一個剩餘的中央節點的關閉，這是邁向分散的一步。該團隊還宣布了開放代碼庫的計劃，這是社區成員多年來一直提出的要求。

On the accessibility front, Pi partnered with Banxa to integrate fiat onramps into the app, enabling users to buy PI using traditional payment methods like credit cards, Apple Pay, or Google Pay. This service became available even before users completed the in-app KYC process.

在可訪問性方面，PI與Banxa合作，將菲亞特·諾普（Fiat Onramps）整合到該應用程序中，使用戶能夠使用傳統的付款方式（例如信用卡，Apple Pay或Google Pay）購買PI。該服務甚至在用戶完成應用程序內KYC流程之前就可以使用。

The key announcement on May 14 was the launch of Pi Network Ventures, a $100 million investment fund to support ecosystem development. Along with this, the team introduced the concept of an “ownerless” Pi Foundation for long-term governance.

5月14日的主要公告是PI Network Ventures的推出，這是一項耗資1億美元的投資基金，以支持生態系統開發。隨之而來的是，團隊介紹了長期治理“無主” PI基金會的概念。

However, neither initiative came with a timeline for the launch of widely usable applications, which might disappoint users who have been mining Pi for years in anticipation of its real-world usage. Back in February, the core team suggested that over 100 decentralized applications would accompany the Open Network launch.

但是，這兩個倡議都沒有一個時間表來啟動廣泛可用的應用程序，這可能會讓人們失望的是那些多年來挖掘PI的用戶，因為它預期其現實世界的使用情況。早在2月，核心團隊建議將伴隨開放網絡發布的100多個分散應用程序。

But to date, aside from experimental events like a Pi domain name auction or a small-scale shopping festival, the announced applications are limited and no large-scale projects have been launched yet.

但是迄今為止，除了PI域名拍賣或小規模購物節等實驗活動外，宣布的申請有限，尚未啟動大型項目。

Another factor that might disappoint the community is the appearance of Pi at the Consensus 2025 conference. During his keynote, founder Dr. Nicolas Kokkalis spoke about long-term visions involving artificial intelligence, digital identity, and decentralized finance, but he didn't provide a roadmap or any dates.

可能使社區失望的另一個因素是PI在2025會議上的出現。在主題演講中，創始人Nicolas Kokkalis博士談到了涉及人工智能，數字身份和分散財務的長期願景，但他沒有提供路線圖或任何日期。

The past week has seen not only Pi Network's price fall sharply but also a breakdown in trust among its users. As the token's price slid, community sentiment on platforms like Discord and X took a critical turn.

在過去的一周中，不僅PI網絡的價格急劇下降，而且在其用戶中信任的細分。隨著代幣的價格下跌，不和諧和X等平台上的社區情緒發生了危急的轉變。

On May 17, an X user known as Dr. Picoin posted screenshots of blockchain data, claiming that a core team-linked wallet moved 12 million PI tokens in an instance. The implication was that core contributors may have sold some of their large holdings at higher prices before giving time for the broader community to react.

5月17日，一個名為Picoin博士的X用戶發布了區塊鏈數據的屏幕截圖，聲稱一個核心團隊鏈接的錢包在一個情況下移動了1200萬個PI令牌。這意味著，核心貢獻者可能以更高的價格出售了一些大型股份，然後才能為更廣泛的社區做出反應。

The claims sparked concern among some, especially given the fact that the posted wallet address had been previously identified by some as a standard distribution wallet used to transition balances from testnet to mainnet in one of the last stages of the Horizon upgrade.

這些主張引發了人們的關注，特別是考慮到以前已將其標識的錢包地址確定為標準分配錢包，用於在地平線升級的最後一個階段中從Testnet轉換為Mainnet。

Some strong supporters of Pi argued that the allegations were based

PI的一些強有力的支持者認為，這些指控是基於的