尽管下降了54％，但PI网络价格预测仍然令人惊讶。 PI可以反抗市场怀疑和反弹吗？

尽管下降了54％，但PI网络价格预测仍然令人惊讶。 PI可以抗拒市场疑问和反弹吗？目录网络价格受到打击

The price of Pi Network (PI) has taken a significant hit, with a 54% drop recorded over the past week. Among the top 100 crypto assets, this marks the steepest weekly decline.

PI Network（PI）的价格受到了重大打击，在过去一周中记录了54％的下降。在排名前100位的加密资产中，这标志着每周最急剧下降。

This downturn follows a short-lived rally that saw Pi Network surge from $0.78 on May 11 to a peak of $1.61 on May 12.

这次经济低迷是在短暂的集会之后的，PI网络的激增从5月11日的0.78美元到5月12日的峰值1.61美元。

Within 24 hours, this move translated into a 106% increase. The rally was largely driven by anticipation surrounding Pi Network’s upcoming appearance at Consensus 2025 and early hints at a major ecosystem update.

在24小时内，这一举动转化为106％。该集会在很大程度上是由于PI Network即将在2025年共识中出现的预期以及在重大生态系统更新中的早期提示所驱动的。

However, the momentum quickly faded. After the May 14–15 reveal of a $100 million ecosystem fund and a planned 'ownerless' Foundation, sentiment shifted.

但是，动力很快消失了。在5月14日至15年5月14日揭露了1亿美元的生态系统基金和计划中的“无人”基金会之后，情绪转移了。

The announcement, though sizable on paper, was widely interpreted by community members as yet another delay in actual network access rather than a clear turning point.

该公告虽然在纸上很大，但被社区成员广泛解释为实际网络访问的另一个延迟，而不是明确的转折点。

As a result, the price fell to $0.68 by May 18, which represents a nearly 58% drop from the May 12 peak.

结果，到5月18日，价格下降到0.68美元，这是5月12日峰值下降了近58％。

As of this writing on May 19, PI is trading around $0.71, reflecting a modest 4.4% recovery from the recent low.

截至5月19日的撰写本文时，PI的交易约为0.71美元，反映出与最近的低价相比，回收率为4.4％。

In addition, the ongoing lack of exchange listings and persistent KYC limitations continue to restrict trading activity, leaving the price more exposed to perception-driven volatility.

此外，持续缺乏交换清单和持续的KYC限制继续限制交易活动，使价格更容易受到感知驱动的波动。

Let’s now look more closely at Pi Network’s current ecosystem, recent technical and structural issues, and what kind of price action can reasonably be expected in the days ahead.

现在，让我们更仔细地研究PI网络当前的生态系统，最新的技术和结构性问题，以及在未来几天可以合理地预期的价格行动。

What really happened with Pi Network?

PI网络真的发生了什么？

Over the past month, Pi Network made a series of announcements that were supposed to mark a turning point for the project. Instead, they introduced more questions than answers.

在过去的一个月中，PI网络发表了一系列公告，这些公告本来可以标志着该项目的转折点。相反，他们提出的问题多于答案。

The core team had previously hinted at a major ecosystem milestone scheduled for May 14, creating anticipation that the long-awaited decentralized applications would finally become a reality.

核心团队此前曾暗示了计划于5月14日举行的主要生态系统里程碑，这使人们期待已久的分散应用程序最终将成为现实。

Some developments did occur. In early May, Pi Network completed the shutdown of its last remaining central node as part of the Horizon upgrade. This was framed as a step toward decentralization, aligning with earlier claims about preparing the infrastructure for full network autonomy.

确实发生了一些发展。 5月初，PI网络完成了其最后一个剩余的中央节点的关闭，作为视野升级的一部分。这是迈向权力下放的一步，与早期关于为完整网络自治准备基础架构的主张保持一致。

The team also signaled plans to open-source its codebase, something community members have been requesting for years as a move toward transparency.

该团队还标志着计划开放代码库的计划，社区成员多年来一直要求透明的事情。

On the accessibility side, Pi partnered with Banxa to integrate fiat onramps into the app, allowing users to buy PI using traditional payment methods like credit cards and Apple Pay or Google Pay.

在可访问性方面，PI与Banxa合作，将菲亚特·特朗普（Fiat Onramps）集成到该应用程序中，使用户可以使用传统的付款方式（例如信用卡和Apple Pay或Google Pay）购买PI。

Notably, this service became available even before users completed the in-app know-your-customer process. While this improved entry points into the ecosystem, it did not equate to actual utility for the token itself.

值得注意的是，该服务甚至在用户完成应用内知道自己的客户过程之前就可以使用。尽管这种改进的进入生态系统的进入点并不等于令牌本身的实际实用程序。

The key announcement on May 14 was the launch of Pi Network Ventures, a $100 million investment fund aimed at supporting ecosystem development.

5月14日的主要公告是PI Network Ventures的启动，这是一项耗资1亿美元的投资基金，旨在支持生态系统开发。

Alongside this, the team introduced the concept of an “ownerless” Pi Foundation, meant to provide long-term governance for the network.

除此之外，团队介绍了“无主” PI基金会的概念，该基金会旨在为网络提供长期治理。

While both initiatives are structurally important, neither included a timeline for the launch of widely usable applications. For users who had been mining Pi for years with the expectation of real-world usage, this marked another delay.

尽管这两项举措在结构上都很重要，但都不包含启动广泛可用应用程序的时间表。对于多年来挖掘PI并期望现实世界中使用的用户，这标志着另一个延迟。

This is especially relevant in the context of earlier guidance. Back in February, the team suggested that over 100 decentralized applications would accompany the Open Network launch.

这在早期指导的背景下尤其重要。早在2月，团队建议将伴随开放网络发布的100多个分散申请。

As of now, aside from experimental events like a Pi domain name auction or a small-scale shopping festival, the actual presence of working applications remains limited. There is no clear indication of when that broader app ecosystem will go live.

截至目前，除了PI域名拍卖或小规模购物节之类的实验活动外，工作应用的实际存在仍然有限。没有明确的迹象表明该更广泛的应用生态系统何时上线。

Further disappointment followed Pi’s appearance at the Consensus 2025 conference. During a keynote, founder Dr. Nicolas Kokkalis discussed long-term visions involving artificial intelligence, digital identity, and decentralized finance.

PI在2025年共识会议上的出现之后，进一步失望。在主题演讲中，创始人尼古拉斯·科卡利斯（Nicolas Kokkalis）博士讨论了涉及人工智能，数字身份和分散融资的长期愿景。

However, he did not provide a roadmap or dates, leaving many attendees and community observers uncertain about the next steps.

但是，他没有提供路线图或日期，使许多与会者和社区观察员对下一步不确定。

Allegations, confusion, and a trust gap

指控，混乱和信托差距

The past week has not only seen Pi Network’s price fall sharply, but also a visible breakdown in trust within its user base. As the price corrected, community sentiment across platforms like Discord and X turned openly critical.

在过去的一周中，PI网络的价格急剧下降，而且在其用户群中的信任下明显细分。随着价格纠正，跨越平台和X等平台的社区情绪变得公开关键。

A growing number of long-time Pi users, known as “Pioneers,” began voicing concerns that the project was being deliberately delayed, with little effort to provide real utility or access.

越来越多的长期PI用户被称为“先驱者”，开始对该项目被故意延迟表达出来，几乎没有努力提供真正的效用或访问权限。

These frustrations were compounded by fresh allegations. On May 17, an X user known as Dr. Picoin, a Pi-focused community analyst, posted blockchain screenshots claiming that a Pi core team-linked wallet moved 12 million PI tokens close to the time when the token reached its recent high.

这些挫败感被新的指控加剧了。 5月17日，以PI为重点的社区分析师Picoin博士Picoin博士发布了区块链屏幕截图，声称Pi Core团队链接的钱包将1200万个PI代币移动到了Token最近达到其最新高点的时候。

In the last 24 hours alone, PCT sold approximately 12 million Pi! @PiCoreTeam@nkokkal

仅在过去的24小时内，PCT就售出了大约1200万个PI！ @picoreteam@nkokkal