PI網絡是否崩潰了，還是悄悄地為重大捲土重來做好準備？

PI網絡（PI）已經在爭議的中心數月。儘管其早期承諾吸引了數百萬的移動礦工和全球關注，但

The Pi Network (PI) has been a hot topic in the crypto sphere for months now. While its early promise attracted millions of mobile miners and widespread attention, the post-mainnet reality has shaken user confidence.

幾個月以來，PI網絡（PI）一直是加密球體的熱門話題。儘管其早期的承諾吸引了數百萬的移動礦工和廣泛的關注，但Mainnet現實卻震驚了用戶的信心。

From locked coin frustrations to mounting centralization concerns, Pi has had a rocky road since its February 2025 mainnet launch. Many users could not access their crypto early due to Know Your Customer (KYC) delays, and this has left a sour taste, especially for early contributors who expected smoother onboarding into the open mainnet.

從鎖定硬幣的挫敗感到越來越多的集中化問題，PI自2025年2月的Mainnet發射以來就有一條岩石的道路。由於了解您的客戶（KYC）的延遲，許多用戶無法儘早訪問加密貨幣，這給了酸味，尤其是對於早期的貢獻者來說，他們期望進入開放式Mainnet的登機更加順暢。

One major criticism has been the lack of Tier 1 exchange listings. Despite its massive market cap, estimated at over $5 billion, Pi is still not listed on top platforms like Binance or Coinbase. This has triggered serious doubts about the project’s transparency, especially with ongoing allegations of insider selling. Some reports have claimed that members of the Pi Network team have sold off hundreds of millions of coins, creating a growing trust deficit within the community.

一個主要的批評是缺乏1級交流清單。儘管市值巨大，估計超過50億美元，但PI仍未在Binance或Coinbase等頂級平台上列出。這引發了人們對項目透明度的嚴重懷疑，尤其是在不斷提出的內幕銷售指控的情況下。一些報導聲稱，PI網絡團隊的成員已經賣掉了數億個硬幣，從而在社區內部造成了不斷增長的信任赤字。

Concerns about centralization have also surfaced. The Pi Foundation is said to hold a majority of the tokens, which has raised red flags about governance. Many believe this central control is a key reason why the network hasn’t yet attracted major DeFi developers or significant institutional interest.

對集中化的擔憂也浮出水面。據說PI基金會擁有大部分令牌，該令牌已經引起了有關治理的危險信號。許多人認為，這種中央控制是該網絡尚未吸引主要的Defi開發商或重要機構興趣的關鍵原因。

So far, Pi has no working DeFi ecosystem, no active decentralized apps, and very little utility beyond speculation. The promised $100 million Pi Network Ventures fund has also come under scrutiny. Instead of being a transparent, distributed grant model, it reportedly operates in a highly controlled, phase-based approach, leaving some builders discouraged.

到目前為止，PI還沒有工作的偏見生態系統，沒有主動的分散應用程序，也沒有超出猜測的實用性。承諾的1億美元的PI Network Ventures基金也受到了審查。據報導，它不是作為透明，分佈式的贈款模型，而是以一種高度控制的基於階段的方法運行，使一些建築商不鼓勵。

Add to this the Pi Core Team’s communication issues. Many in the community feel left in the dark with sparse updates and vague roadmap signals. It’s not surprising that market trust has been hit.

加上PI Core團隊的溝通問題。社區中的許多人感到剩下的，有稀疏的更新和模糊的路線圖信號。市場信任受到打擊也就不足為奇了。

But despite all of this, there’s a camp of analysts and holders who still see the potential in Pi.

但是，儘管如此，仍然有一個分析師和持有人營地仍然看到PI中的潛力。

“It Feels Like Bitcoin In Its Dorm Room Days”

“感覺就像是在宿舍的日子裡的比特幣”

RX (@TheReal_RX) offered a bold comparison that’s now trending in pro-Pi circles. He shared, “Pi feels like BTC in its dorm room days—quietly building, widely misunderstood.” He sees Pi not as a hype machine but a slow-burn project.

RX（@Thereal_RX）提供了一個大膽的比較，現在在Pro-Pi圈中流行。他分享道：“ Pi在宿舍的日子裡感覺像BTC一樣 - Quiide Building，被廣泛誤解。”他認為Pi不是炒作機器，而是一個緩慢燃燒的項目。

According to RX, what matters isn’t flashy headlines or fast listings but deep infrastructure and long-term adoption. He insists that Pi is already seeing organic utility and growing engagement, even if it doesn’t match DeFi powerhouse Ethereum just yet.

根據RX的說法，重要的不是浮華的頭條或快速列表，而是深層基礎設施和長期採用。他堅持認為，即使它目前還不匹配Defi Powerhouse以太坊，PI已經看到了有機效用和不斷增長的參與度。

He ends his tweet with a striking sentiment: “Let others doubt. Let markets sleep. Movements don’t need approval, they need vision. We’re not waiting for the future, we’re mining it.” For the hardcore Pi miners, this vision rings true. They’re not flipping for short-term gains—they’re in it for the revolution.

他以驚人的情緒結束了推文：“讓其他人懷疑。讓市場睡覺。動作不需要批准，他們需要視覺。我們不在等待未來，我們正在開採它。”對於鐵桿PI礦工來說，這種願景是正確的。他們並沒有為短期收益而翻轉，而是為了革命。

Chart Shows Pi Coin Could Be In Reversal Mode

圖表顯示PI硬幣可能處於逆轉模式

Another analyst, GEM HUNTER (@TrueGemHunter), is also bullish. He posted just hours ago, “$PI reversal mode on. Next stop $1, later $1.5 and $2. The #picoin community is too strong and price cheap like this won’t last long.” His optimism is based not just on community strength but on technical signs.

另一位分析師Gem Hunter（@truegemhunter）也是看好的。他僅在幾個小時前就發布了“ $ pi逆轉模式。下一站$ 1，後來$ 1.5和2美元。#PICOIN社區太強大了，價格便宜的價格不會持續很長時間。”他的樂觀不僅基於社區實力，而且基於技術標誌。

Looking at the posted daily chart, it’s clear why he’s confident. The Pi coin price recently bounced off the $0.55 low and is now trading above $0.84, showing a 14% jump on the day. The green candle has pierced through the 30-day moving average (MA30) which currently sits around $0.73, and it’s heading toward the 10-day MA near $0.87. Importantly, PI is now above its 60-day MA (around $0.71), a key zone that often acts as dynamic support.

查看發布的每日圖表，很明顯他為什麼有信心。 Pi Coin價格最近從0.55美元的低點中彈起，現在的交易價格高於0.84美元，顯示當天的14％。綠色的蠟燭已經刺穿了30天的移動平均線（MA30），該平均線（MA30）目前位於0.73美元左右，它正朝著10天的MA駛近0.87美元。重要的是，PI現在高於其60天的MA（約合0.71美元），這個關鍵區域通常是動態支持。

The previous high marked at $1.66 shows that the coin has room to climb. If it manages to hold current levels and break above the $0.87 resistance, it could target $1 in the short term—just as GEM HUNTER predicted.

以前的高標價為1.66美元，表明硬幣有攀登空間。如果它設法保持當前水平並超過0.87美元的電阻，則可以在短期內以1美元的價格（如Gem Hunter預測）。

The bullish volume increase at the bottom of the chart also supports this reversal narrative. After several days of declining volume and price consolidation, the surge in green volume bars suggests fresh buying pressure is entering the market.

圖表底部的看漲體積也支持這種逆轉敘事。經過數天的數量下降和價格合併，綠色體積棒的增長表明，新鮮購買壓力正在進入市場。

While the Pi Network remains a subject of controversy, the latest price action and bullish commentary from voices like RX and GEM HUNTER show that belief in its long-term potential still runs deep.

儘管PI網絡仍然是一個有爭議的主題，但RX和Gem Hunter等聲音的最新價格動作和看漲評論表明，人們對其長期潛力的信念仍然很深。

Whether Pi can overcome its KYC delays, exchange rejections, and transparency issues is yet to be seen, but for now, the chart is presenting a different narrative. The Pi price is waking up, and the market just might follow.

PI是否可以克服其KYC延遲，交換拒絕和透明度問題尚待觀察，但是目前，圖表正在呈現不同的敘述。 PI價格正在醒來，市場可能會隨之而來。