初次集會後，PI網絡（PI）的價格下跌超過75％

自首次集會後，PI Network就已經看到了其價格鬥爭

Pi Network has seen its price struggle since its launch after an initial rally pushed the price to $2.98. Its launch in February 2025 was highly anticipated and triggered its lift-off as believers who had been with the project for five years were finally rewarded. However, with the passage of time, the coin has also succumbed to the pressures from the bears and has now fallen by more than 75% from its all-time high. So, in this report, we take a look at the Pi Network price and the reasons behind the consistent decline.

Pi Network在最初的集會將價格提高到2.98美元之後，自推出以來就已經看到了其價格鬥爭。它於2025年2月推出，備受期待，並引發了其升降機，因為在該項目工作了五年的信徒終於得到了獎勵。但是，隨著時間的流逝，硬幣也屈服於熊隊的壓力，現在已經從歷史最高的高點下降了75％以上。因此，在本報告中，我們查看了PI網絡價格以及持續下降的原因。

Pi Network Runs Into Post-Launch Troubles

PI網絡遇到了發出後的麻煩

It’s been three months since the main net launch and the project has already been faced by problems. The first problems that arose after launch was the locked coins and lots of miners being unable to claim their coins due to KYC issues. Nevertheless, the coin continued to maintain the trust of its users.

自從主要淨發布以來已經三個月了，該項目已經面臨問題。發射後出現的第一個問題是鎖定的硬幣，許多礦工由於KYC問題而無法索取硬幣。儘管如此，硬幣仍繼續維持其用戶的信任。

Despite this, the coin has floundered to reach new highs and instead fell into a bear market cycle after the March 2025 price peaks. In March, the coin rose to a new all-time high of $2.98 after hitting several price milestones throughout the year. However, after the coin's price dropped to lows of $0.7 in March, it experienced a rally that pushed it back to highs of $1.5.

儘管如此，硬幣還是掙扎著達到新的高點，而是在2025年3月的價格高峰之後陷入了熊市週期。 3月，在全年達到了幾個價格里程碑之後，硬幣上升到了新的2.98美元。但是，在3月份硬幣的價格下降到低點為0.7美元之後，它經歷了一場集會，將其推回到高處1.5美元。

After the coin’s price fell below $1, it sparked criticism from community members who pointed out that the coin had no real use cases or decentralized finance (DeFi) apps. Especially when compared to other top 30 coins such as Chainlink or Cardano, both coins have at least one aspect that sets them apart from the rest.

在硬幣的價格低於1美元之後，它引發了社區成員的批評，他們指出硬幣沒有實際用例或分散融資（DEFI）應用程序。尤其是與其他前30個硬幣（例如Chainlink或Cardano）相比，這兩個硬幣至少具有一個方面，使它們與其他方面區分開來。

For example, Chainlink is a major DeFi coin used throughout the crypto ecosystem while Cardano is known for its unique narrative and development on its blockchain. However, Pi Network has neither and is simply an accessible coin that can be mined through an app.

例如，ChainLink是整個加密生態系統中使用的主要偏差硬幣，而Cardano以其區塊鏈上的獨特敘述和發展而聞名。但是，PI網絡既沒有，也不是可以通過應用程序開采的可訪問硬幣。

With months already gone, the lack of listing on Tier 1 crypto exchanges such as Binance and Coinbase has raised concerns among investors. Given that the altcoin is now a top 30 cryptocurrency with a market cap of over $5 billion, it makes it one of the only few coins in this category with no Tier 1 listing.

隨著幾個月的流逝，諸如Binance和Coinbase之類的第1級加密交易所缺乏上市引起了投資者的關注。鑑於AltCoin現在是前30名加密貨幣，市值超過50億美元，因此它使其成為該類別中唯一沒有級別1的硬幣之一。

As a result of this, community members have speculated that the team’s actions could be the reasons behind the lack of listing. This is because top exchanges usually require transparency before listing tokens due to their large audience and there are rumors that the Pi Network team have been less than forthcoming about their token.

因此，社區成員推測，團隊的行動可能是缺乏上市的原因。這是因為由於受眾群的大量觀眾，在列出代幣之前，頂級交流通常需要透明度，並且有謠言說PI網絡團隊對他們的令牌的影響還不到。

Another issue that has risen up is the lack of decentralized finance (DeFi) usage on the platform. No DeFi apps have been deployed, thus leaving the Pi Network price at the mercy of crypto market forces, with no real activity to create demand and push it higher.

另一個問題的問題是平台上缺乏分散的金融（DEFI）使用。沒有部署過的Defi應用程序，因此將PI網絡價格留在了加密貨幣市場力量的擺放下，沒有真正的活動來創造需求並將其提高。

This lack of DeFi usage stands in stark contrast to other crypto projects. For instance, Chainlink has seen the deployment of numerous DeFi projects on its network, leading to increased demand for the LINK token.

與其他加密項目形成鮮明對比的是，這種缺乏使用的使用情況形成了鮮明的對比。例如，ChainLink在其網絡上看到了許多Defi項目的部署，從而增加了對鏈接令牌的需求。

Furthermore, Pi Network community members have called for transparency on the $100 million Pi Network Ventures fund that was announced to promote innovative startups. So far, there have not been any developments that would show growth to the community.

此外，PI Network社區成員呼籲對耗資1億美元的PI Network Ventures基金進行透明度，該基金宣布促進創新的初創公司。到目前為止，還沒有任何發展向社區增長的發展。

This lack of transparency contrasts sharply with the actions of other crypto projects. For example, projects like AVALAX, which focuses on sustainability in the crypto space, have been actively engaging with their community and providing updates on their initiatives.

缺乏透明度與其他加密項目的行動形成鮮明對比。例如，像Avalax這樣的項目（重點介紹了加密貨幣領域的可持續性），一直在積極參與其社區並提供有關其計劃的最新信息。

Such projects are actively seeking to make a positive impact beyond simply maximizing profit, which aligns with the values of a growing segment of the crypto audience who prefer projects with a social conscience.

這樣的項目正在積極尋求產生積極影響，而不是簡單地提高利潤，這與越來越多的加密受眾群體的價值相吻合，而加密受眾群體偏愛具有社會良心的項目。

Price Runs Into Troubles

價格遇到麻煩

With no network activity driving the Pi Network price, it has fluctuated with the crypto market. During the weekend, the altcoin saw an over 50% surge above $1.2. But this rally was short-lived as the price has since retraced and crashed back down below $1.

由於沒有網絡活動推動PI網絡價格，它隨著加密貨幣市場的波動而波動。在周末，Altcoin的增長超過1.2美元。但是，這次集會是短暫的，因為此後的價格已經回顧，並跌倒了1美元以下。

This struggle below $1 mirrors the lack of strong support as the community is still doubting the future of the token and are questioning whether the Pi Network team will deliver on its promises. If these promises do end up being a reality, it is likely that the Pi Network price does reverse and test for new highs this bull cycle.

低於1美元的鬥爭反映了缺乏強大的支持，因為社區仍然懷疑代幣的未來，並質疑PI網絡團隊是否會兌現其諾言。如果這些承諾確實最終成為現實，那麼PI網絡價格可能會逆轉並測試這個新高的牛週期。