PI网络是否崩溃了，还是悄悄地为重大卷土重来做好准备？

PI网络（PI）已经在争议的中心数月。尽管其早期承诺吸引了数百万的移动矿工和全球关注，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.

几个月以来，PI网络（PI）一直是加密球体的热门话题。尽管其早期的承诺吸引了数百万的移动矿工和广泛的关注，但Mainnet现实却震惊了用户的信心。

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.

从锁定硬币的挫败感到越来越多的集中化问题，PI自2025年2月的Mainnet发射以来就有一条岩石的道路。由于了解您的客户（KYC）的延迟，许多用户无法尽早访问加密货币，这给了酸味，尤其是对于早期的贡献者来说，他们期望进入开放式Mainnet的登机更加顺畅。

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.

一个主要的批评是缺乏1级交流清单。尽管市值巨大，估计超过50亿美元，但PI仍未在Binance或Coinbase等顶级平台上列出。这引发了人们对项目透明度的严重怀疑，尤其是在不断提出的内幕销售指控的情况下。一些报道声称，PI网络团队的成员已经卖掉了数亿个硬币，从而在社区内部造成了不断增长的信任赤字。

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.

对集中化的担忧也浮出水面。据说PI基金会拥有大部分令牌，该令牌已经引起了有关治理的危险信号。许多人认为，这种中央控制是该网络尚未吸引主要的Defi开发商或重要机构兴趣的关键原因。

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.

到目前为止，PI还没有工作的偏见生态系统，没有主动的分散应用程序，也没有超出猜测的实用性。承诺的1亿美元的PI Network Ventures基金也受到了审查。据报道，它不是作为透明，分布式的赠款模型，而是以一种高度控制的基于阶段的方法运行，使一些建筑商不鼓励。

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团队的沟通问题。社区中的许多人感到剩下的，有稀疏的更新和模糊的路线图信号。市场信任受到打击也就不足为奇了。

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

但是，尽管如此，仍然有一个分析师和持有人营地仍然看到PI中的潜力。

“It Feels Like Bitcoin In Its Dorm Room Days”

“感觉就像是在宿舍的日子里的比特币”

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）提供了一个大胆的比较，现在在Pro-Pi圈中流行。他分享道：“ Pi在宿舍的日子里感觉像BTC一样 - Quiide Building，被广泛误解。”他认为Pi不是炒作机器，而是一个缓慢燃烧的项目。

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.

根据RX的说法，重要的不是浮华的头条或快速列表，而是深层基础设施和长期采用。他坚持认为，即使它目前还不匹配Defi Powerhouse以太坊，PI已经看到了有机效用和不断增长的参与度。

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.

他以惊人的情绪结束了推文：“让其他人怀疑。让市场睡觉。动作不需要批准，他们需要视觉。我们不在等待未来，我们正在开采它。”对于铁杆PI矿工来说，这种愿景是正确的。他们并没有为短期收益而翻转，而是为了革命。

Chart Shows Pi Coin Could Be In Reversal Mode

图表显示PI硬币可能处于逆转模式

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.

另一位分析师Gem Hunter（@truegemhunter）也是看好的。他仅在几个小时前就发布了“ $ pi逆转模式。下一站$ 1，后来$ 1.5和2美元。#PICOIN社区太强大了，价格便宜的价格不会持续很长时间。”他的乐观不仅基于社区实力，而且基于技术标志。

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.

查看发布的每日图表，很明显他为什么有信心。 Pi Coin价格最近从0.55美元的低点中弹起，现在的交易价格高于0.84美元，显示当天的14％。绿色的蜡烛已经刺穿了30天的移动平均线（MA30），该平均线（MA30）目前位于0.73美元左右，它正朝着10天的MA驶近0.87美元。重要的是，PI现在高于其60天的MA（约合0.71美元），这个关键区域通常是动态支持。

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.

以前的高标价为1.66美元，表明硬币有攀登空间。如果它设法保持当前水平并超过0.87美元的电阻，则可以在短期内以1美元的价格（如Gem Hunter预测）。

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.

图表底部的看涨体积也支持这种逆转叙事。经过数天的数量下降和价格合并，绿色体积棒的增长表明，新鲜购买压力正在进入市场。

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.

尽管PI网络仍然是一个有争议的主题，但RX和Gem Hunter等声音的最新价格动作和看涨评论表明，人们对其长期潜力的信念仍然很深。

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延迟，交换拒绝和透明度问题尚待观察，但是目前，图表正在呈现不同的叙述。 PI价格正在醒来，市场可能会随之而来。