PI Network的本地加密貨幣PI繼續向下軌跡，突破了$ 0.89的關鍵支持水平

代幣的下降急劇下降，比每周高點1.57美元下降了40％以上，低於其歷史最高高度2.99美元的71％

Pi Network's native cryptocurrency, PI, broke through a crucial support level and traded at approximately $0.86 by 16 May.

PI Network的本地加密貨幣PI破壞了至關重要的支持水平，到5月16日的交易價格約為0.86美元。

The token has seen a sharp decrease, falling more than 40% from its weekly high of $1.57 and sitting 71% below its all-time high of $2.99 reached in February.

該令牌的下降急劇下降，比其每周高點1.57美元下降了40％以上，低於其歷史最高高度2.99美元的71％。

This price drop comes despite what appeared to be positive news from the project. On 14 May, the Pi Foundation announced a $100 million venture fund to support startups in various sectors including AI, gaming, fintech, and e-commerce.

儘管該項目似乎是積極的消息，但價格下跌。 5月14日，PI基金會宣布了一項耗資1億美元的風險基金，以支持包括AI，遊戲，金融科技和電子商務在內的各個領域的初創公司。

A Mainnet migration roadmap based on the network's priorities is now available.

現在可以使用基於網絡的優先級的主網遷移路線圖。

The initiative aims to boost real-world applications within the Pi ecosystem. However, the market responded negatively to this announcement.

該計劃旨在促進PI生態系統中的現實應用程序。但是，市場對此公告產生了負面的反應。

Many traders had expected a major exchange listing announcement instead, which would have improved liquidity and price discovery for the token.

許多交易者預計，相反，許多交易所上市公告將改善代幣的流動性和價格發現。

The technical indicators present a mixed picture. The relative strength index stands at around 54, suggesting neutral momentum in the short term.

技術指標呈現出混合圖片。相對強度指數約為54，表明短期內中性動量。

While short-term moving averages show weakness, longer-term trends spanning 20 to 50 days display some underlying strength. The moving average convergence divergence indicator shows early signs of recovery.

儘管短期移動平均值顯示出弱點，但跨越20至50天的長期趨勢表現出一些潛在的強度。移動平均收斂差異指標顯示了恢復的早期跡象。

Potential Catalysts Ahead

潛在的催化劑

Several upcoming events could potentially shift PI's price direction. Dr. Nicolas Kokkalis, the project's founder, is scheduled to speak at Consensus 2025, a major blockchain conference.

即將發生的幾個事件可能會改變PI的價格方向。該項目的創始人尼古拉斯·科卡利斯（Nicolas Kokkalis）博士計劃在大型區塊鏈會議2025年發表演講。

Rumors suggest the team may use this opportunity to showcase a network decentralization plan, which could address some investor concerns.

謠言表明，團隊可能會利用這個機會展示網絡分散計劃，這可能解決一些投資者的關注。

Another significant update on the horizon is the deactivation of Pi Network's core node, indicating a possible move toward a more open system.

地平線上的另一個重要更新是PI Network核心節點的停用，這表明可能向更開放的系統轉移。

Exchange listing speculation continues to circulate. Strong community support and wallet activity linked to Binance have fueled expectations that PI might soon be listed on a major exchange platform.

交流清單的推測繼續流通。與Binance有關的強大社區支持和錢包活動激發了人們對PI很快可能很快被列入主要交換平台上的期望。

Though no formal announcement has been made, such a listing could substantially improve liquidity for the token.

儘管尚未提出正式公告，但這種清單可以大大改善令牌的流動性。

Token supply issues remain a concern for investors. An estimated 1.47 billion PI tokens are scheduled to be unlocked over the next 12 months.

令牌供應問題仍然是投資者的關注點。估計有14.7億PI令牌計劃在接下來的12個月內解鎖。

This potential influx of supply could put downward pressure on the market without corresponding demand growth. Some users have called for a token burn to help alleviate selling pressure.

這種潛在的供應湧入可能會在不相應需求增長的情況下向市場施加下降壓力。一些用戶呼籲刻錄燃燒以幫助減輕銷售壓力。

Centralization Concerns Mount

集中化問題

Adding to investor worries are allegations about the project's centralized structure. According to analyst Szymanski, 89% of Pi's token supply is controlled by the core team.

對投資者的擔憂增加是對該項目的集中結構的指控。根據分析師Szymanski的說法，PI代幣供應中有89％由核心團隊控制。

Out of the 100 billion PI tokens that will eventually exist, 89 billion reportedly remain in the hands of the Pi Core Team. Only 7.1 billion are currently in circulation.

在最終將存在的1000億個PI代幣中，據報導，有890億個保留在PI Core團隊的手中。目前只有71億個流通。

This level of centralization has drawn comparisons to the Terra Luna collapse, with critics warning that a large sell-off by the team could trigger a similar crash.

這種集中化水平與Terra Luna崩潰進行了比較，批評家警告說，該團隊的大量拋售可能會引發類似的崩潰。

Other red flags identified by critics include the pre-minted nature of all PI tokens, the absence of independent audits, and the lack of listings on major cryptocurrency exchanges.

批評家確定的其他危險信號包括所有PI代幣的預先發明的性質，缺乏獨立審計以及缺乏主要加密貨幣交換的清單。

If Pi Network can address these concerns and deliver on key updates at the upcoming Consensus event, the price might recover above the $1 mark.

如果PI網絡可以解決這些問題並在即將到來的共識事件中交付關鍵更新，則價格可能會恢復到1美元以上。

However, failure to meet market expectations could push the price toward the $0.75 level or lower.

但是，未能達到市場期望可能會將價格推向0.75美元或更低的水平。

The project stands at a critical juncture as it faces growing scrutiny over its centralized structure while working to expand its ecosystem through the new venture fund initiative.

該項目處於關鍵時刻，因為它面臨對其集中式結構的審查，同時通過新的風險基金計劃擴大其生態系統。