PI网络，持有人和市场动荡：导航加密风暴

在市场波动中分析PI网络持有人的弹性以及对加密空间的更广泛含义。

Pi Network finds itself at a fascinating crossroads. Despite market turbulence and a price collapse of its native token, Picoin, a dedicated community of holders remains steadfast. This article explores the dynamics of Pi Network, the resilience of its holders, and the market forces at play.

PI网络发现自己处于令人着迷的十字路口。尽管市场动荡和原始代币的价格崩溃，但敬业的持有人社区仍然坚定不移。本文探讨了PI网络的动态，其持有人的弹性以及市场力量的发挥作用。

The Unfazed Holders of Pi Network

PI网络的持有人

In the volatile world of crypto, price swings are par for the course. But when Picoin hit an all-time low of $0.32, many expected panic. Instead, a large segment of Pi Network holders remained unfazed. As one user put it, "Even if Pi were to fall to $0 on exchanges, I wouldn’t be worried. What really matters is that I have my coins securely in my Pi wallet." This sentiment underscores a belief in the project’s long-term vision, transcending short-term market fluctuations.

在加密世界的动荡世界中，价格波动是该课程的标准。但是，当皮金（Picoin）的历史最低点低于0.32美元时，许多人期望恐慌。取而代之的是，大部分PI网络持有人仍然没有惊讶。正如一个用户所说，“即使PI在交易所中跌至$ 0，我也不会担心。真正重要的是我将硬币牢固地放在Pi Wallet中。”这种情绪强调了对该项目的长期愿景的信念，超越了短期市场的波动。

The Price Collapse: A Perfect Storm?

价格崩溃：完美的风暴？

Picoin’s decline can be attributed to several factors. Over 160 million PI tokens were unlocked in August, flooding the market. Allegations of insider dumping, coupled with the lack of listings on major exchanges like Binance and Coinbase, further exacerbated the situation. Declining daily active addresses post-mainnet launch also contributed to the downward pressure.

Picoin的衰落可以归因于几个因素。八月份解锁了超过1.6亿个PI令牌，淹没了市场。内幕倾销的指控，加上在Binance和Coinbase等主要交易所上缺乏上市的指控，进一步加剧了这种情况。每日活跃地址下降后，MAINNET发射也导致了向下压力。

Smart Contracts and Wallet Sovereignty

智能合约和钱包主权

A key reason for the continued confidence among Pi holders lies in the project’s emphasis on smart contracts and wallet control. Pi Network empowers users to store and manage their coins independently, aligning with the core principles of Web3. Recent additions to the Pi Wallet, including fiat on-ramps via Apple Pay for U.S. users, aim to bolster Picoin's utility and encourage holding.

PI持有人持续信心的一个关键原因在于该项目对智能合约和钱包控制的重视。 PI网络使用户能够独立存储和管理其硬币，与Web3的核心原理保持一致。最近对PI钱包的添加，包括通过Apple付费美国用户的邮政邮政为启用邮政意性，以增强Picoin的实用程序并鼓励持有。

Web3 Vision and Ecosystem Expansion

Web3视觉和生态系统扩展

Pi Network envisions itself as a comprehensive ecosystem, with developers building decentralized applications (dApps) using Pi App Studio, and the Pi Browser enabling interaction with Web3 services. The roadmap includes staking, app voting, and peer-to-peer commerce. However, critics point to the lack of mature dApps and real-world use cases as hindrances to broader adoption. Without meaningful utility, even the most secure wallet can't guarantee value.

PI Network将自己设想为一个全面的生态系统，开发人员使用Pi App Studio构建了分散应用程序（DAPP），而PI浏览器促进了与Web3服务的交互。路线图包括Staking，App投票和点对点贸易。但是，批评家指出，缺乏成熟的DAPP和现实世界中的用例是更广泛采用的障碍。没有有意义的实用程序，即使是最安全的钱包也无法保证价值。

GCV: A Principle Beyond Price

GCV：价格远远超出了原则

The Global Consensus Value (GCV) movement within Pi Network offers a unique approach, emphasizing harmony and community-driven valuation. GCV seeks to establish a fair, stable value based on real-world utility and collective agreement, protecting pioneers from market manipulation. Leaders like Supreme Commander Doris Yin guide this movement, advocating for balance and clarity.

PI网络中的全球共识价值（GCV）运动提供了一种独特的方法，强调和谐和社区驱动的估值。 GCV试图基于现实世界公用事业和集体协议建立公平，稳定的价值，从而保护先驱者免受市场操纵。像最高指挥官Doris Yin这样的领导人指导了这一运动，提倡平衡和清晰。

The Role of Exchange Listings

交换清单的作用

Exchange accessibility remains a significant challenge. While Pi Coin is available on platforms like OKX, Gate.io, and MEXC, it has yet to be listed on Binance or Coinbase, limiting exposure and liquidity. Strategic accumulation by whales may be in anticipation of a major listing, but such listings could also trigger profit-taking.

交换可及性仍然是一个重大挑战。虽然Pi硬币在OKX，GATE.IO和MEXC等平台上可用，但尚未在Binance或Coinbase上列出，限制了暴露和流动性。鲸鱼的战略积累可能是在预期的主要清单方面，但这些清单也可能触发利润。

Token Unlocks and Potential Pressure

令牌解锁和潜在压力

August 2025 marks a critical period, with over 160 million tokens scheduled for release. These unlocks represent potential selling pressure. The Pi Core Team has encouraged users to lock up their tokens to reduce circulating supply, but long-term recovery hinges on real demand and utility.

2025年8月标志着关键时期，预定释放超过1.6亿个令牌。这些解锁代表了潜在的销售压力。 PI Core团队鼓励用户锁定其令牌以减少循环供应，但长期恢复对实际需求和实用性的取决。

Holding Through the Storm: A Psychological Perspective

贯穿整个风暴：心理观点

The sentiment “Even if Pi were to fall to $0, I wouldn’t be worried” reflects a psychological shift among crypto holders. For many, the value lies not just in market price, but in the potential and control they have over their assets. This mindset aligns with Web3's ethos of sovereignty and decentralization.

情绪“即使PI跌至0美元，我也不会担心”，这反映了加密货币持有人之间的心理转变。对于许多人来说，价值不仅在于市场价格，还在于它们对资产的潜力和控制。这种心态与Web3的主权和权力下放的精神一致。

Bitcoin's Turbulence and Macro Headwinds

比特币的湍流和宏观逆风

Recent market turbulence, partly triggered by renewed trade war fears, has also impacted Bitcoin and the broader crypto sector. Bitcoin's price fluctuations underscore its increasing correlation with traditional risk assets during geopolitical uncertainty. Investors are closely watching key technical levels and potential market corrections.

最近的市场动荡部分是由新的贸易战恐惧引起的，也影响了比特币和更广泛的加密货币部门。比特币的价格波动强调了其在地缘政治不确定性期间与传统风险资产的增加相关性。投资者正在密切关注关键的技术水平和潜在的市场更正。

Conclusion: A Project at a Crossroads

结论：十字路口的一个项目

Pi Network stands at a pivotal moment. Its large user base, decentralized wallet system, and growing ecosystem are counterbalanced by market challenges. Whether it can overcome these hurdles depends on its ability to deliver real-world applications, secure strategic partnerships, and maintain transparency.

PI网络处于关键时刻。它的大型用户群，分散的钱包系统和不断增长的生态系统与市场挑战相抵消。它是否可以克服这些障碍取决于其提供现实世界应用，确保战略合作伙伴关系并保持透明度的能力。

So, what's the takeaway? Pi Network is like that quirky friend who's always got a plan, even when things look dicey. Whether that plan pays off remains to be seen, but you gotta admire the hustle. As the crypto world keeps spinning, Pi Network's journey is a reminder that belief, community, and a little bit of 'hold-on-tight' attitude can go a long way. Who knows, maybe we'll all be using Picoin to buy our morning coffee someday. Until then, keep mining, Pioneers!

那么，收获是什么？ PI网络就像那个古怪的朋友，即使看起来很有趣，他总是有一个计划。该计划是否有差旅还有待观察，但您必须欣赏喧嚣。随着加密货币世界的不断旋转，PI Network的旅程提醒人们，信念，社区和一点“紧密联系”的态度可能会有很长的路要走。谁知道，也许我们所有人都有一天会用picoin购买早晨的咖啡。在此之前，继续开采，开拓者！