PI网络下降了54％，因为市场对2025年共识的令人失望的外观和未验证的倾销指控做出反应

在过去一周中，PI Network的价格下降了54％，这是前100名加密货币资产中每周最陡峭的下降。

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.

在过去一周中，PI Network的价格下跌了54％，使其成为前100名加密货币资产中表现最差的人。该令牌从5月11日的0.78美元开始，5月12日达到1.61美元的高峰，在短短24小时内就展示了令人难以置信的106％集会。

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.

这一迅速的举动是由于PI Network在2025年共识中出现的预期，并暗示了一个重大的生态系统更新。但是，这种势头发生了巨大的转变。 5月14日至15日宣布了一项耗资1亿美元的生态系统基金和新的治理结构之后，情绪发生了巨大变化。到5月18日，价格下降到0.68美元，表明5月12日高点下降了近58％。截至5月19日，PI的交易约为0.71美元，显示出比最近的低点相比回收的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.

现在，随着分析师等待突破，令牌正在巩固关键阻力水平。 Pi Coin的强劲拉力率从5月17日的低点为0.6595美元，但遇到了0.75 $ 0.75的阻力。它已经失败了几次，无法突破$ 0.752- $ 0.754的障碍。

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小时的图表上形成了一个对称的三角形，显示了近期局部高趋势线以下的紧缩巩固。这种设置以及布林乐队变得越来越窄，音量正在减少，这表明即将进行突破。

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，价格在0.71美元的上涨和0.75美元的电阻之间枢纽。分析师认为，在接下来的24至48小时内可能会发生决定性的举动。超过$ 0.754的看涨突破可能会使Pi硬币飙升至0.80美元甚至0.90美元，但未能持有的价格超过$ 0.707，可能会将价格拖回0.685- $ 0.673的支撑区。

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.

短期指标几乎没有方向。 30分钟图表上的RSI为47.8，略低于中性50级，而MACD直方图保持平坦，这表明市场处于候补模式。

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网络作为视野升级的一部分完成了其最后一个剩余的中央节点的关闭，这是迈向分散的一步。该团队还宣布了开放代码库的计划，这是社区成员多年来一直提出的要求。

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.

在可访问性方面，PI与Banxa合作，将菲亚特·诺普（Fiat Onramps）整合到该应用程序中，使用户能够使用传统的付款方式（例如信用卡，Apple Pay或Google Pay）购买PI。该服务甚至在用户完成应用程序内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，这是一项耗资1亿美元的投资基金，以支持生态系统开发。随之而来的是，团队介绍了长期治理“无主” PI基金会的概念。

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，这两个倡议都没有一个时间表来启动广泛可用的应用程序，这可能会让人们失望的是那些多年来挖掘PI的用户，因为它预期其现实世界的使用情况。早在2月，核心团队建议将伴随开放网络发布的100多个分散应用程序。

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.

但是迄今为止，除了PI域名拍卖或小规模购物节等实验活动外，宣布的申请有限，尚未启动大型项目。

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.

可能使社区失望的另一个因素是PI在2025会议上的出现。在主题演讲中，创始人Nicolas Kokkalis博士谈到了涉及人工智能，数字身份和分散财务的长期愿景，但他没有提供路线图或任何日期。

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.

在过去的一周中，不仅PI网络的价格急剧下降，而且在其用户中信任的细分。随着代币的价格下跌，不和谐和X等平台上的社区情绪发生了危急的转变。

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，一个名为Picoin博士的X用户发布了区块链数据的屏幕截图，声称一个核心团队链接的钱包在一个情况下移动了1200万个PI令牌。这意味着，核心贡献者可能以更高的价格出售了一些大型股份，然后才能为更广泛的社区做出反应。

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.

这些主张引发了人们的关注，特别是考虑到以前已将其标识的钱包地址确定为标准分配钱包，用于在地平线升级的最后一个阶段中从Testnet转换为Mainnet。

Some strong supporters of Pi argued that the allegations were based

PI的一些强有力的支持者认为，这些指控是基于的